Cross border Interbank Payment System (CIPS) Security Supplements; Tangible Radio Safety Box, Software as non-textual Password and Revolving Executable Code Modules

Author:

Zisopoulos A. D.1,Panitsidis K. G.2,Broni G. K.1,Kartalis N. D.1

Affiliation:

1. Department of International and European Economic Studies, University of Western Macedonia, Kila University Campus, Kozani 50100, GREECE

2. Department of Management Science and Technology, Faculty of Economics, University of Western Macedonia, Kila University Campus, Kozani 50100, GREECE

Abstract

Our research started a long ago as additional security for the asset owner to facilitate CIPS ( Cross-border Interbank Payment System) holistic security. Minor corrections were proposed, like an e-mail with a new domain for every transaction, Ping services in a VPN environment, and mirroring avoidance. Our primary approach was to fight internal fraud and hacking threats. Apart from these known vulnerabilities indemnification, we propose three specific security supplements. A shortwave activated latch inside a local safe box and Thales interconnector for a tangible bank security system. The asset owner unlocks his funds as digital money or tangible items like gold through radio communications SDR (Software Defined Radio). Second is the cornerstone of our civilization, the computer-executable avoiding all methods for non-textual passwords. Our last development is a GitHub antipode Software authoring anonymous system. According to our plan, the Internet-based banking system software has separated intercommunicating subroutines. All subroutines are assigned to various programmers for independent implementation, avoiding the internal hacker without the need to find him. For example, a system software written by splitting it into 12 subroutines assigned to 12 programmers working on subroutines has a probability of the thirteenth order of magnitude.

Publisher

World Scientific and Engineering Academy and Society (WSEAS)

Subject

Economics and Econometrics,Finance,Business and International Management

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