Melendez, J.; Noriega, J.; Tiznado, J.; Calderon, P.; Benites, Y.; Rivera, L.; Herrera, J.; Mayhuasca, J. Sectrabank Model to Mitigate Computer Fraud in Electronic Operations through Banking Applications on Android Devices. Preprints2024, 2024040238. https://doi.org/10.20944/preprints202404.0238.v1
APA Style
Melendez, J., Noriega, J., Tiznado, J., Calderon, P., Benites, Y., Rivera, L., Herrera, J., & Mayhuasca, J. (2024). Sectrabank Model to Mitigate Computer Fraud in Electronic Operations through Banking Applications on Android Devices. Preprints. https://doi.org/10.20944/preprints202404.0238.v1
Chicago/Turabian Style
Melendez, J., Jose Herrera and Jorge Mayhuasca. 2024 "Sectrabank Model to Mitigate Computer Fraud in Electronic Operations through Banking Applications on Android Devices" Preprints. https://doi.org/10.20944/preprints202404.0238.v1
Abstract
This research aims to introduce a model, SectraBank, designed to mitigate cyber fraud attacks, specifically targeting SIM Swapping and Fake App schemes in mobile banking users. A quantitative methodology with an experimental design was meticulously employed to examine the rise of cyber fraud within mobile banking. The study involved a sample of 100 professionals with advanced knowledge in Information and Communication Technologies (ICTs). Surveys were utilized to measure awareness of threats and perceptions of security before and after the implementation of the proposed model. SectraBank leverages unique user identifiers such as fingerprint authentication and the International Mobile Equipment Identity (IMEI) number, in addition to geolocation and One Time Passwords (OTP) for validating electronic transactions in mobile banking. The effectiveness of the proposed model was notable, achieving a 96.1% efficacy rate in mitigating Fake App attacks and a 90.2% success rate in countering SIM Swapping attacks. These findings underscore the potential of SectraBank as a robust solution to enhance cybersecurity measures in the realm of mobile banking.
Computer Science and Mathematics, Security Systems
Copyright:
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