The 12-mark question will be based on the challenges faced. Here are some of my thoughts on what you could be asked.

• to prepare a report on the different encryption protocols currently being used and how they might change in the future
  • What are the current encryption protocols?
  • Why should they need to change? What is driving this need for change?
  • How will changes to encryption protocols meet this need? What will the changes be?
• to design the user interface that will work with the STK for their developing world mobile project
  • What are the standard functions provided by the SIM toolkit?
  • How can these be leveraged by the TransEuropa Bank?
• to complete the research necessary for developing the Mobile Wallet project
  • What are the different methods of conducting this research?
  • What are the advantages and disadvantages of each?
• to review the authentication procedures in order to increase the security of banking operations.
  • What are current authentication procedures?
  • What is the threat and how is it carried out?
  • What are the countermeasures and why do they work?

Links:

Security

• http://en.wikipedia.org/wiki/Transaction_authentication_number
• http://en.wikipedia.org/wiki/Two_factor_authentication
• http://en.wikipedia.org/wiki/One-time_password
• http://en.wikipedia.org/wiki/Security_token

STK

• http://en.wikipedia.org/wiki/Mobile_banking
• http://en.wikipedia.org/wiki/SIM_Application_Toolkit
• http://www.mobitek.com.ph/SIMToolKit/STK.html
• http://www.gemalto.com/techno/stk

Mobile Wallet

• https://www.google.com/wallet/
• https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&es_th=1&ie=UTF-8#q=apple%20pay&es_th=1
• http://www.globe.com.ph/gcash
• http://en.wikipedia.org/wiki/M-Pesa