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

Producción científica: Capítulo del libro/informe/acta de congreso › Contribución de conferencia › revisión exhaustiva

Resumen

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.

Idioma original	Inglés
Título de la publicación alojada	Proceedings of the 3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019
Editores	Xin-She Yang, Nilanjan Dey, Amit Joshi
Editorial	Institute of Electrical and Electronics Engineers Inc.
Páginas	87-93
Número de páginas	7
ISBN (versión digital)	9781728137803
DOI	https://doi.org/10.1109/WorldS4.2019.8903959
Estado	Publicada - jul. 2019
Evento	3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019 - London, Reino Unido Duración: 30 jul. 2019 → 31 jul. 2019

Serie de la publicación

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

Conferencia

Conferencia	3rd World Conference on Smart Trends in Systems, Security and Sustainability, WorldS4 2019
País/Territorio	Reino Unido
Ciudad	London
Período	30/07/19 → 31/07/19

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Publisher Copyright:
© 2019 IEEE.

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10.1109/WorldS4.2019.8903959

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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. En 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). Artículo 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}",

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year = "2019",

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doi = "10.1109/WorldS4.2019.8903959",

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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. En 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, Reino Unido, 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).

Producción científica: Capítulo del libro/informe/acta de congreso › Contribución de conferencia › revisión exhaustiva

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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.

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KW - Security Information

KW - Security Model

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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. En Yang XS, Dey N, Joshi A, editores, 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

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