Writing in a recent issue of the Inderscience publication International Journal of Electronic Security and Digital Forensics Mohammed Assora, James Kadirire and Ayoub Shirvani explain how a disposable credit card number would protect consumers from fraud when shopping online.
Today, e-commerce transactions are performed by sending the customer's credit card details over the Internet between a web browser and the e-commerce site. Despite rudimentary security, there are many points at which the process can be compromised by a fraudster.
The most insecure aspect of the whole process, explains Shirvani and colleagues, is the client authentication step because most e-commerce sites usually only require the customer's credit card details to validate the sale. There is no certification on the customer's side of the bargain. This means that anyone who steals your credit card information could use it to buy goods and services online fraudulently.
Customer certification is not the only problem, the researchers say. Once you have entered your credit card details into a shopping or other e-commerce site, these are usually stored unencrypted in the merchant’s database, which means they could be retrieved by anyone with access to that database, whether or not that is an unscrupulous employee or someone breaking in to the database from outside.The researchers point out that more than a decade has passed since computer security experts instigated the Secure Electronic Transaction
(SET) protocol to try to solve this problem by sending the client's credit card details encrypted. However, the system was very complicated and has not been adopted by e-commerce sites.
Instead, Shirvani and colleagues put forward the idea of a disposable credit card number (DCCN) that could overcome the vast majority of security threats. They describe how DCCNs could be generated "off-line" using a pre-shared secret key between the issuer and the customer and used only once to make an electronic purchase.
The concept is related to the credit voucher and gift certificate systems used by some e-commerce sites but the off-line system means no credit card details need pass across the Internet to create the voucher code. The off-line approach would also side-step any potential security and implementation issues that might be associated with online DCCNs such as Private Payment and SecureClick.
In off-line generation of DCCNs, the customer registers his/her credit card with the card issuer and receives an associated secret key. The customer will then use this secret key in conjunction with a simple calculation device such as a smart card, PDA or mobile phone to generate an encrypted code - known as a hash - that is based on the price of the goods he/she intends to purchase and other details pertinent to the e-commerce site.
The resulting hash is adapted to form the DCCN, and then sent over the Internet instead of the actual credit card details. The shopping site validates the DCCN as any normal credit card without ever seeing or having to store their real credit card details. As a result, the client can shop with no need to worry about confidential data being compromised, the researchers conclude.
Corporate coworking as a driver of innovation
22.11.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO
Mathematical confirmation: Rewiring financial networks reduces systemic risk
22.06.2017 | International Institute for Applied Systems Analysis (IIASA)
DNA molecules that follow specific instructions could offer more precise molecular control of synthetic chemical systems, a discovery that opens the door for engineers to create molecular machines with new and complex behaviors.
Researchers have created chemical amplifiers and a chemical oscillator using a systematic method that has the potential to embed sophisticated circuit...
MPQ scientists achieve long storage times for photonic quantum bits which break the lower bound for direct teleportation in a global quantum network.
Concerning the development of quantum memories for the realization of global quantum networks, scientists of the Quantum Dynamics Division led by Professor...
Researchers have developed a water cloaking concept based on electromagnetic forces that could eliminate an object's wake, greatly reducing its drag while...
Tiny pores at a cell's entryway act as miniature bouncers, letting in some electrically charged atoms--ions--but blocking others. Operating as exquisitely sensitive filters, these "ion channels" play a critical role in biological functions such as muscle contraction and the firing of brain cells.
To rapidly transport the right ions through the cell membrane, the tiny channels rely on a complex interplay between the ions and surrounding molecules,...
The miniaturization of the current technology of storage media is hindered by fundamental limits of quantum mechanics. A new approach consists in using so-called spin-crossover molecules as the smallest possible storage unit. Similar to normal hard drives, these special molecules can save information via their magnetic state. A research team from Kiel University has now managed to successfully place a new class of spin-crossover molecules onto a surface and to improve the molecule’s storage capacity. The storage density of conventional hard drives could therefore theoretically be increased by more than one hundred fold. The study has been published in the scientific journal Nano Letters.
Over the past few years, the building blocks of storage media have gotten ever smaller. But further miniaturization of the current technology is hindered by...
11.12.2017 | Event News
08.12.2017 | Event News
07.12.2017 | Event News
15.12.2017 | Power and Electrical Engineering
15.12.2017 | Materials Sciences
15.12.2017 | Life Sciences