gabrieloyebobola.files.wordpress.com · web viewfirstly let me analysis what means online banking...
Post on 14-Jul-2018
214 Views
Preview:
TRANSCRIPT
Social and Collaboration
Gabriel Tunde Oyebobola
Student ID 3533607
Course Work 1
Introduction
Trust is the establishment of any great relationship, and this has never been valid or more key than the relationship among banks and their clients, without the certainty that their data is secured, customers will be more averse to utilize online banking system, and this will affect banks idea toward cost lessening and productivity, a key objective around online services. While the clients must practice trustworthiness by the way they dispense their data, the bank need to give secure environment in which the clients can conduct transaction without much of a stretch.
The money related group is face with the more awful financial matters condition in decade, it is imperative now more than look for approaches to cut expenses, hold customers, enhance business processes and demonstrate a positive rate of profitability to partners, securing a budgetary administrations arrange environment can be an overwhelming testing
For the issues is not just meeting the essential business necessity of guaranteeing that a client’s money related data stay private and secure. For the bank offering web monetary services, there must be a guidance portrays upgrade confirmation strategies that controllers anticipate that banks will utilize while verifying the character of clients using the online item and administrations, security ruptures can have a sweeping impacts to an organization fund, as well as to their reputation also.
Research have demonstrated that the banks business has turned into an essential focus of digital assaulted on a worldwide scale. This is not shocked considering the exceptionally profitable data that all FSP gather and keep up on everyday schedule. As per a February 2010 report and research, the aggregate budgetary misfortunes from the personality extortion in 2009 were £54 billion, an expansion from £48, billion in 2008.
Offering a more extensive scope of online administrations alone won't be adequate to decrease clients, it must join by upgrade security include that give clients certainty and thus wining their long terms trust and steadfast. It is along these lines the banks adopt a proactive strategy to recognize potential digital assault dangers and the range of their powerlessness inside their own particular foundation
My project mission is based on online and mobile banking system ,this has been a successful inventory in our generation nevertheless there are been benefit and still a lot of threat and also to find a solution to those threat this has been my research and completion of this project.
Our major concentration will be on the security toward online bank system
Firstly let me analysis what means online banking and mobile banking, is classify as electronic banking or virtual banking system that allow the client of the bank or any other financial company to enable execute a range of financial transaction on the web site or over the phone
Diagram Illustration
In order for me to carry out my project, I will be using a work press wish enable me to break down my task for project accomplishment
We are two people in the Team, I Am the team Coordinator
Project Title Online and Mobile Banking Threat and Solution
Implementer London South Bank University
Purpose
Primary Purpose
Timing Expecting to accomplish in 2018
The below Table give an outline of the fundamental issues and the solution in my proposed arrangement
Current threats Solution
Security : Hacking is a serious threat to user, An experience hacker can quite easily access your details which could lead to your money stolen
Introduction of secure antivirus software that offer an extra layer of protection to the user
Some elderly people may not able to access the The internet to check their account information
Offer Constance training and coaching
authentication technique depend on giving the true blue client at least one component for giving their personality, which include something that only the client must know,
for example, password, , physical token, smart card which is hard to clone lamentably most sorts of confirmation evidence are once in a while trustworthy, client password might be speculated
In the electronics ages where Identity and online theft are becoming common place, it is essential that a person digital identity to be protected at all times
Multifactor authentication should be use, at lease more than one or twice factors to validate user identity
Phishing is a common form of cyber-crimes, mostly carry out through instance message or email, which gives link or instruction that direct the usual to a fake web site acting to be legitimate
An effective defence against this attacked is through transaction verification, utilizing OOB( Out of Band ) technology in which user identify will be verify through a separate channel such as telephone, before the completion of the transaction a text message will be send to the user to confirm the transaction
Project output and activities
The following activities will be carry out in order to develop this project
Understanding definition of the user requirement toward online banking system
Coordinator: Mr Gabriel Oyebobola
Regard to the roles in this project
The roles is spited in 2 categories
As we are 2 in the team, I as the project manager my role as project manager, require analysis marketing
David Roles is Technical net manager, Executive Testing and Documentary
One of the major tools I will use to develop and able to publish my blogs and web site will be WordPress, this is very good application which enable me to create blogs and can give me domain name and free hosting, although it depend on the park gage I needed, I can upgrade and pay some little money toward that
Some of the function in this tools are
Image Galleries: you can easily manages of a collection of image Contact Forms: visitor can get in touch with me
Security: You can be sure Data is safe and the site will not be hacked User management: easy to switch in and out themes, if you required a refresh design, you
can also manage permission for multiple user Comment : you can manage flexible user to generate content across the entire site
Other tools that will be used again is Basecamp
This an application to manage the project, is invaluable to the way we work both internal management and a chat progress communication
Some of the functionality are
Easy files transfer: it enable transferring files such as wireframe, Visual, Images and PDF
The to do list: Keeping up with specific Task, they can be assign to individual or group and is possible
To add comment to the list.
Base camp is one of the only project management apps out there on a single pages
Other tools that will be needed are as follows
This is another tools call PIXATE
Is used to design project management, manage the project screen and stature on one single location, quick to see unread message and preview screen and notified team members
Tools Functions Face book Instance messageGoogle Calendar To schedule for meeting appointmentSkype For video conference and communicationInstagram Instance messageTwitterYou Tube Watching
This are other secondary tools to completed my project
Analysis: base on the work done over the project, it can also be reviewing and if there are any error or mistake acknowledged, it can then be re adjust.
Conclusively
Why should financial organisation concern more on strong authentication? The answered bring us to trust. With strong authentication in place, the client can trust in their online banking for any transaction because they are well protected.
http://www2.gemalto.com/email/2010/MITB-2010/WhitePaper_Top-Threat-to-Financial-Service-Providers-in-2010_FINAL.pdf accessed on 20/10/2016
https://3.basecamp.com/3582803/reports/progress accessed on 20/10/2016
https://www.google.com/search?site=&tbm=isch&source=hp&biw=1366&bih=662&q=wordpress&oq=word accessed on 20/10/2016
https://www.webrevolve.com/5-reasons-basecamp-can-benefit-business accessed on 20/10/2016
top related