Test Submission 06112

Context

In the context of the increasing use of mobile banking apps and the rising threat of cyberattacks, our bank faces several challenges:

• The need to protect customer data and transactions from evolving security threats.
• The importance of maintaining customer trust and confidence in our mobile banking platform.
• The regulatory requirements and industry standards related to mobile banking security.

Objective

The primary objective of this project is to develop a comprehensive security enhancement roadmap for our mobile banking application. This includes the following specific goals:

• Identify potential vulnerabilities: Conduct a thorough security assessment of the current mobile banking app to identify vulnerabilities and weaknesses.
• Propose security features and improvements: Based on the assessment findings, propose security enhancements, such as two-factor authentication, biometric login, encryption improvements, and anti-fraud measures.
• Prioritize security enhancements: Prioritize the proposed security enhancements based on various factors, including the severity of vulnerabilities, customer needs, regulatory requirements, and technical feasibility.
• Create a roadmap: Develop a clear and actionable roadmap that outlines the timeline and milestones for implementing each security enhancement. This roadmap should balance immediate security needs with the long-term vision for the mobile banking app.

Format

To deliver on this project, the following formats are expected:

• Written Security Assessment Report: A detailed report outlining the current state of mobile banking security, including identified vulnerabilities and weaknesses.
• Prioritized Security Enhancement Roadmap: A roadmap document that lists security enhancements in order of priority, with clear timelines, milestones, and dependencies.
• Presentation: A presentation to the executive team that explains the rationale behind the roadmap, the expected impact on customer trust and security, and the importance of investing in these security measures.

Resources (if any)

Learning resources related to mobile banking security and cybersecurity:

1. OWASP Mobile Security Testing GuideThe Open Web Application Security Project (OWASP) provides a comprehensive guide for testing the security of mobile applications. It covers various aspects of mobile app security and offers practical guidance for assessing vulnerabilities.
2. Coursera – Cybersecurity Specialization by NYUThis specialization offers a series of online courses from New York University on various cybersecurity topics, including mobile security. It covers essential concepts, tools, and practices for securing digital systems.
3. NIST Cybersecurity FrameworkThe National Institute of Standards and Technology (NIST) provides a framework for improving cybersecurity in organizations. It includes guidelines, standards, and best practices applicable to mobile banking security.
4. SANS Institute – Mobile Device SecuritySANS offers courses and resources focused on mobile device security. This particular course covers fundamental principles and strategies for securing mobile devices.
5. Cybrary – Mobile Application Security FundamentalsCybrary offers a free online course that delves into the basics of mobile application security. It’s a great resource for understanding common threats and security measures.