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