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Managing Mobile Money security challenges
Jul 08, 2015
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This document is offered compliments of BSP Media Group. www.bspmediagroup.com
All rights reserved.
Managing Mobile Money
Security Challenges
Johan Taute
Manager Financial Services & Security
o Global Security Concerns & Threats
o Mobile Money Services Security Threats
o Gaining Customer Trust from a security perspective
o Creating a safe and secure application channel
o Factors that influence mobile money services
o Managing Security Challenges
Agenda
Global Security Concerns & Threats
o Targeted attacks
o Malware growth on Android Devices
o DDoS Attacks world wide
o Microsoft no longer the only target
o Java’s tough year
o Apple users no longer ‘Safe’
http://www.digitalattackmap.com
Mobile Money Services Security Threats
o Many new players in the market
o Unregulated environments
o Customers and Employees
o Highly Motivated Criminal Syndicates
o Hacktivism
Gaining Customer Trust from a security perspective
o Protect customer information
o Properly Authenticate customers
o Protect customers against fraud
o Security Awareness programs
Factors that influence mobile money services
o Security expectation of bearers
o Voice
o Data (GPRS, EDGE, HSDPA, LTE, etc)
o SMS
o USSD
o Device dependencies
o Smartphones finally penetrating the market
Creating a Safe and Secure Application Channel
o Start with security in mind
o Apply OPEN standards
o Look at PCI DSS for guidance
o Service Delivery Channels
o Traditional GSM
o Online
o Mobile Applications
Managing Security Challenges
o Build and Maintain a Secure Network and Systems
o Protect Customer Data
o Maintain a Vulnerability Management Program
o Implement Strong Access Controls
o Regularly Test and Monitor Networks
o Maintain an Information Security Policy
Managing Security Challenges – A start
o Threat modeling
o Security Awareness
o Defensive Strategies
o Supply Chain Security
o Incident Response plan
http://www.microsoft.com/security/sdl/adopt/eop.aspx
The end game …
o Your network is being monitored all the time
o You need to respond to any form of attack quickly
o You need to know that for each attack source you block another will open up
o Security is a game with an ever evolving playing field… be prepared!
11
Thank You
Johan Taute Manager Financial Services and Security
Online and Transformation Programs
Landline: +27 11 848 8437
Mobile: +27 82 994 0378
Email: [email protected] [email protected]
Address: Vodacom Corporate Park, 1st Floor
082 Vodacom Boulevard, Midrand 1685
www.vodacom.co.za
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