managing mobile money security challenges
TRANSCRIPT
![Page 1: Managing Mobile Money security challenges](https://reader033.vdocuments.net/reader033/viewer/2022060202/559c09571a28ab846a8b45ba/html5/thumbnails/1.jpg)
This document is offered compliments of BSP Media Group. www.bspmediagroup.com
All rights reserved.
![Page 2: Managing Mobile Money security challenges](https://reader033.vdocuments.net/reader033/viewer/2022060202/559c09571a28ab846a8b45ba/html5/thumbnails/2.jpg)
Managing Mobile Money
Security Challenges
Johan Taute
Manager Financial Services & Security
![Page 3: Managing Mobile Money security challenges](https://reader033.vdocuments.net/reader033/viewer/2022060202/559c09571a28ab846a8b45ba/html5/thumbnails/3.jpg)
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
![Page 4: Managing Mobile Money security challenges](https://reader033.vdocuments.net/reader033/viewer/2022060202/559c09571a28ab846a8b45ba/html5/thumbnails/4.jpg)
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
![Page 5: Managing Mobile Money security challenges](https://reader033.vdocuments.net/reader033/viewer/2022060202/559c09571a28ab846a8b45ba/html5/thumbnails/5.jpg)
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
![Page 6: Managing Mobile Money security challenges](https://reader033.vdocuments.net/reader033/viewer/2022060202/559c09571a28ab846a8b45ba/html5/thumbnails/6.jpg)
Gaining Customer Trust from a security perspective
o Protect customer information
o Properly Authenticate customers
o Protect customers against fraud
o Security Awareness programs
![Page 7: Managing Mobile Money security challenges](https://reader033.vdocuments.net/reader033/viewer/2022060202/559c09571a28ab846a8b45ba/html5/thumbnails/7.jpg)
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
![Page 8: Managing Mobile Money security challenges](https://reader033.vdocuments.net/reader033/viewer/2022060202/559c09571a28ab846a8b45ba/html5/thumbnails/8.jpg)
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
![Page 9: Managing Mobile Money security challenges](https://reader033.vdocuments.net/reader033/viewer/2022060202/559c09571a28ab846a8b45ba/html5/thumbnails/9.jpg)
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
![Page 10: Managing Mobile Money security challenges](https://reader033.vdocuments.net/reader033/viewer/2022060202/559c09571a28ab846a8b45ba/html5/thumbnails/10.jpg)
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
![Page 11: Managing Mobile Money security challenges](https://reader033.vdocuments.net/reader033/viewer/2022060202/559c09571a28ab846a8b45ba/html5/thumbnails/11.jpg)
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!
![Page 12: Managing Mobile Money security challenges](https://reader033.vdocuments.net/reader033/viewer/2022060202/559c09571a28ab846a8b45ba/html5/thumbnails/12.jpg)
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
Best Network for Smartphones