UK-India Education and Research Initiative – mobile banking security measures
City University London has been awarded £135,000 in funding from the government’s UK-India Education and Research Initiative (UKIERI) for a three year project to develop new mobile banking security measures.
India is one of the world’s fastest growing markets for mobile phones, with 80 million Internet-enabled handset users predicted by the end of 2009.
The funding from UKIERI – which is designed to encourage research links between the UK and India – will help a team of informatics and engineering specialists from the university in their bid to develop security software which generates a personal code or “crypto key” to each user via their existing SIM card.
The university says a feasibility study will now be carried out by Warwick Business School and a cyber criminologist from The University of Leeds Law School will develop the necessary legal framework.
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