Extensional End-to-End Encryption Technologies to Enhance User's Financial Information Security and Considerable Security Issues
Jae-Mo Seung, Su-Mi Lee, Bong-Nam Noh, Seung-Ho Ahn · Information Security and Cryptology · 2010
End-to-End(E2E) encryption is to encrypt private and important financial information such as user's secret access numbers and account numbers from user's terminal to financial institutions. There has been found significant security vulnerabilities by various hacking in early E2E encryption system since early E2E encryption is not satisfied the basic security requirement which is that there does not exist user's financial information on plaintext in user's terminal. Extensional E2E encryption which is to improve early E2E encryption provides confidentiality and integrity to protect user's financial information from vulnerabilities such as alteration, forgery and leakage of confidential information. In this paper, we explain the extensional E2E encryption technology and present considerable security issues when the extensional E2E encryption technology is applied to financial systems.