Thursday, June 7, 2012

Securing Internet Payment Systems

Recently, the European Central Bank (ECB) released a report with a set of recommendations to improve the security of internet payments. The recommendations include:
  • General control and security environment.
  • Specific control and security measures for Internet Payments.
  • Customer awareness, education and communication.
The security measures for the Internet Payments include:
  • Customer identification
  • Strong Customer authentication 
  • Enrollment for and provision of strong authentication 
  • Log-in attempts, session time-out, validity of authentication
  • Transaction monitoring and authorization
  • Protection of sensitive payment data
The following presentation that I've presented at the Security Summit 2012 (Rome), shows the Oracle approach for Securing Internet payment systems according to ECB recommendations. In particular, it shows an intelligent model to prevent online fraud, based on Oracle Adaptive Access Manager (OAAM), a context-aware risk analysis system. Furthermore, it includes a brief introduction to the Managed-Fraud Reduction (MFR) solution based on Oracle and British Telecom experience. 


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  2. Amazing. I am pretty impressed to read the information about securing internet payment systems which you shared over here. According to me, is best internet payment system, which provides best facilities to people. It funds deposit directly into your bank account if you will join with it.