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http://dx.doi.org/10.13089/JKIISC.2014.24.6.1243

A Study on Improving the Electronic Financial Fraud Prevention Service: Focusing on an Analysis of Electronic Financial Fraud Cases in 2013  

Jeong, Dae Yong (Graduate School of Information Security, Korea University)
Lee, Kyung-Bok (Graduate School of Information Security, Korea University)
Park, Tae Hyoung (SPRi)
Publication Information
Journal of the Korea Institute of Information Security & Cryptology / v.24, no.6, 2014 , pp. 1243-1261 More about this Journal
Abstract
With the methods of electronic financial frauds becoming advanced, economic losses have greatly increased. The Electronic Financial Fraud Prevention Service(hereafter EFFPS) has taken effect to prevent electronic financial frauds, but economic losses still occurring. This paper aimed to suggest a direction for improvement of the EFFPS, through the analysis of electronic financial fraud cases. As a result of analysis on the fraud cases before and after implementation of the EFFPS, 'Fraud using Smartphone App' and 'Fraud using Calls and SMS' were increased after implementation of the EFFPS, and also the damage cost of 'Fraud using Smartphone App' had increased. Also we revealed some limitations of the EFFPS. For complementing this limitations, authors considered direction for improvement of the EFFPS focus on application of current services/systems related prevention of electronic financial fraud and considered the ways that are make connection with several measurements related prevention currently being discussed and implemented in perspective of defense in depth.
Keywords
Electronic Financial Fraud Prevention Service; Electronic Financial Fraud Case; Consumer Financial Information Security; Defence In Depth;
Citations & Related Records
Times Cited By KSCI : 5  (Citation Analysis)
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