Prototype of a security model to mitigate risks in the management of electronic money in Ecuador

Segundo Moisés Toapanta Toapanta; Alejandro Alfredo  Sotomayor Balladares; Dario Fernando  Huilcapi Subia; Luis Enrique Mafla Gallegos

doi:10.1109/WorldS4.2019.8903959

Prototype of a security model to mitigate risks in the management of electronic money in Ecuador

Segundo Moisés Toapanta Toapanta
, Alejandro Alfredo Sotomayor Balladares
, Dario Fernando Huilcapi Subia
, Luis Enrique Mafla Gallegos

Sede Guayaquil

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

It was determined a risk point in the payment model with electronic money, which is the time of the consumer’s withdrawal and time of the provider’s deposit. The problem is the damage caused to the information by the lack of a model to mitigate the risks to which the transactions of the payment system are exposed. The objective is to generate a prototype of a security model for the management of electronic money in Ecuador through the adoption of a cryptographic algorithm and improve the transactions security. It was used exploratory and deductive research as a method to analyze the reference information and the sequence of steps for the development of a prototype. It turned out a conceptual model of the participants in Ecuador; prototype electronic money security model; a prototype algorithm applied to the security of electronic money; a flow chart of the payment with electronic money; a mathematical formula to calculate the load of the model. It was concluded that the adoption of the AES algorithm in a security model for transactions generated in financial inclusion is robust and effective; this research has an alternative for the management of electronic money.

Original language	English
Title of host publication	Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019
Editors	Xin-She Yang, Nilanjan Dey, Amit Joshi
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	87-93
Number of pages	7
ISBN (Electronic)	9781728137803
DOIs	https://doi.org/10.1109/WorldS4.2019.8903959
State	Published - Jul 2019
Event	3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019 - London, United Kingdom Duration: 30 Jul 2019 → 31 Jul 2019

Publication series

Name	Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019

Conference

Conference	3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019
Country/Territory	United Kingdom
City	London
Period	30/07/19 → 31/07/19

Bibliographical note

Publisher Copyright:
© 2019 IEEE.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy
SDG 8 Decent Work and Economic Growth

Keywords

Cryptographic Algorithms
Electronic Money
Payment Model
Security Information
Security Model

CACES Knowledge Areas

2310A Public safety

Access to Document

10.1109/WorldS4.2019.8903959

Cite this

Toapanta, S. M. T., Sotomayor Balladares, A. A., Huilcapi Subia, D. F., & Gallegos, L. E. M. (2019). Prototype of a security model to mitigate risks in the management of electronic money in Ecuador. In X.-S. Yang, N. Dey, & A. Joshi (Eds.), Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019 (pp. 87-93). Article 8903959 (Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/WorldS4.2019.8903959

Toapanta, Segundo Moisés Toapanta ; Sotomayor Balladares, Alejandro Alfredo ; Huilcapi Subia, Dario Fernando et al. / Prototype of a security model to mitigate risks in the management of electronic money in Ecuador. Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019. editor / Xin-She Yang ; Nilanjan Dey ; Amit Joshi. Institute of Electrical and Electronics Engineers Inc., 2019. pp. 87-93 (Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019).

@inproceedings{2f8af185569841b5aebf5ee0a9ae133e,

title = "Prototype of a security model to mitigate risks in the management of electronic money in Ecuador",

abstract = "It was determined a risk point in the payment model with electronic money, which is the time of the consumer{\textquoteright}s withdrawal and time of the provider{\textquoteright}s deposit. The problem is the damage caused to the information by the lack of a model to mitigate the risks to which the transactions of the payment system are exposed. The objective is to generate a prototype of a security model for the management of electronic money in Ecuador through the adoption of a cryptographic algorithm and improve the transactions security. It was used exploratory and deductive research as a method to analyze the reference information and the sequence of steps for the development of a prototype. It turned out a conceptual model of the participants in Ecuador; prototype electronic money security model; a prototype algorithm applied to the security of electronic money; a flow chart of the payment with electronic money; a mathematical formula to calculate the load of the model. It was concluded that the adoption of the AES algorithm in a security model for transactions generated in financial inclusion is robust and effective; this research has an alternative for the management of electronic money.",

keywords = "Cryptographic Algorithms, Electronic Money, Payment Model, Security Information, Security Model",

author = "Toapanta, \{Segundo Mois{\'e}s Toapanta\} and \{Sotomayor Balladares\}, \{Alejandro Alfredo\} and \{Huilcapi Subia\}, \{Dario Fernando\} and Gallegos, \{Luis Enrique Mafla\}",

note = "Publisher Copyright: {\textcopyright} 2019 IEEE.; 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019 ; Conference date: 30-07-2019 Through 31-07-2019",

year = "2019",

month = jul,

doi = "10.1109/WorldS4.2019.8903959",

language = "English",

series = "Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

pages = "87--93",

editor = "Xin-She Yang and Nilanjan Dey and Amit Joshi",

booktitle = "Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019",

address = "United States",

}

Toapanta, SMT, Sotomayor Balladares, AA, Huilcapi Subia, DF & Gallegos, LEM 2019, Prototype of a security model to mitigate risks in the management of electronic money in Ecuador. in X-S Yang, N Dey & A Joshi (eds), Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019., 8903959, Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019, Institute of Electrical and Electronics Engineers Inc., pp. 87-93, 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019, London, United Kingdom, 30/07/19. https://doi.org/10.1109/WorldS4.2019.8903959

Prototype of a security model to mitigate risks in the management of electronic money in Ecuador. / Toapanta, Segundo Moisés Toapanta; Sotomayor Balladares, Alejandro Alfredo ; Huilcapi Subia, Dario Fernando et al.
Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019. ed. / Xin-She Yang; Nilanjan Dey; Amit Joshi. Institute of Electrical and Electronics Engineers Inc., 2019. p. 87-93 8903959 (Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Prototype of a security model to mitigate risks in the management of electronic money in Ecuador

AU - Toapanta, Segundo Moisés Toapanta

AU - Sotomayor Balladares, Alejandro Alfredo

AU - Huilcapi Subia, Dario Fernando

AU - Gallegos, Luis Enrique Mafla

PY - 2019/7

Y1 - 2019/7

N2 - It was determined a risk point in the payment model with electronic money, which is the time of the consumer’s withdrawal and time of the provider’s deposit. The problem is the damage caused to the information by the lack of a model to mitigate the risks to which the transactions of the payment system are exposed. The objective is to generate a prototype of a security model for the management of electronic money in Ecuador through the adoption of a cryptographic algorithm and improve the transactions security. It was used exploratory and deductive research as a method to analyze the reference information and the sequence of steps for the development of a prototype. It turned out a conceptual model of the participants in Ecuador; prototype electronic money security model; a prototype algorithm applied to the security of electronic money; a flow chart of the payment with electronic money; a mathematical formula to calculate the load of the model. It was concluded that the adoption of the AES algorithm in a security model for transactions generated in financial inclusion is robust and effective; this research has an alternative for the management of electronic money.

AB - It was determined a risk point in the payment model with electronic money, which is the time of the consumer’s withdrawal and time of the provider’s deposit. The problem is the damage caused to the information by the lack of a model to mitigate the risks to which the transactions of the payment system are exposed. The objective is to generate a prototype of a security model for the management of electronic money in Ecuador through the adoption of a cryptographic algorithm and improve the transactions security. It was used exploratory and deductive research as a method to analyze the reference information and the sequence of steps for the development of a prototype. It turned out a conceptual model of the participants in Ecuador; prototype electronic money security model; a prototype algorithm applied to the security of electronic money; a flow chart of the payment with electronic money; a mathematical formula to calculate the load of the model. It was concluded that the adoption of the AES algorithm in a security model for transactions generated in financial inclusion is robust and effective; this research has an alternative for the management of electronic money.

KW - Cryptographic Algorithms

KW - Electronic Money

KW - Payment Model

KW - Security Information

KW - Security Model

UR - https://www.scopus.com/pages/publications/85075896141

U2 - 10.1109/WorldS4.2019.8903959

DO - 10.1109/WorldS4.2019.8903959

M3 - Conference contribution

AN - SCOPUS:85075896141

T3 - Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019

SP - 87

EP - 93

BT - Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019

A2 - Yang, Xin-She

A2 - Dey, Nilanjan

A2 - Joshi, Amit

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019

Y2 - 30 July 2019 through 31 July 2019

ER -

Toapanta SMT, Sotomayor Balladares AA, Huilcapi Subia DF, Gallegos LEM. Prototype of a security model to mitigate risks in the management of electronic money in Ecuador. In Yang XS, Dey N, Joshi A, editors, Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019. Institute of Electrical and Electronics Engineers Inc. 2019. p. 87-93. 8903959. (Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019). doi: 10.1109/WorldS4.2019.8903959

Prototype of a security model to mitigate risks in the management of electronic money in Ecuador

Abstract

Publication series

Conference

Bibliographical note

UN SDGs

Keywords

CACES Knowledge Areas

Access to Document

Other files and links

Fingerprint

Cite this