Assessment of Security Risk Impact on Mobile Payment Services

Thinesh Ganesan, Thian Song Ong, Wooi Ping Cheah, Tee Connie

Research output: Chapter in Book/Conference proceedingConference contributionpeer-review

Abstract

In mobile payment, trust and confidence are the essential keys in performing a financial transaction. The users feel insecure and hesitant to participate in a transaction due to fear of security and privacy issues raised in mobile payment. The mobile devices are prone to theft of misplacement. When a subject loses his/her phone or when the phone is stolen, it can lead to payment fraud or personal identity theft. To address the complications and restrictions associated with mobile payment services, a responsive Analytical Hierarchy Process (AHP) Pairwise Comparison framework is developed to elicit expert knowledge for security and privacy risk events and consequences dependencies. Risk events and consequences are first acquired from literature analysis. This is followed by an expert's interview to rank the relative important of the risk events and consequences using AHP. In this paper, a secure mobile payment technological model is presented to prioritize the privacy and security risk events and consequences of mobile payment technology.

Original languageEnglish
Title of host publicationIEEE International Conference on Artificial Intelligence in Engineering and Technology, IICAIET 2020
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781728169460
DOIs
Publication statusPublished - 26 Sep 2020
Externally publishedYes
Event2020 IEEE International Conference on Artificial Intelligence in Engineering and Technology, IICAIET 2020 - Kota Kinabalu, Sabah, Malaysia
Duration: 26 Sep 202027 Sep 2020

Publication series

NameIEEE International Conference on Artificial Intelligence in Engineering and Technology, IICAIET 2020

Conference

Conference2020 IEEE International Conference on Artificial Intelligence in Engineering and Technology, IICAIET 2020
Country/TerritoryMalaysia
CityKota Kinabalu, Sabah
Period26/09/2027/09/20

Keywords

  • AHP Model
  • Mobile Payment
  • Risk Prioritization
  • Secured Transactions

ASJC Scopus subject areas

  • Artificial Intelligence
  • Computer Networks and Communications
  • Computer Science Applications
  • Computer Vision and Pattern Recognition
  • Signal Processing
  • Information Systems and Management
  • Instrumentation

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