SECURITY ISSUES FACED BY MOBILE CASH TRANSFER APPLICATIONS IN KENYA ON GSM AND 3G NETWORKS

Abstract

This paper postulates that since mobile cash transfer and banking applications security architectures were developed in obscurity, they could easily be cracked when they lose their obscurity. The paper investigates the security loopholes present on 3G networks and their likely impact on the security of cash transfer and banking applications. The study also looks at the security of the applications themselves and how biometric authentication can be used to improve security through multimodal authentication.