Security And Usability of User Authentication for Fintech Data Protection in Indonesia
Muhammad Purwa Manggala, Ida Wahidah, Ahmad Tri Hanuranto · 2022 International Conference on Decision Aid Sciences and Applications (DASA) · 2022
Fintech services have been massively implemented in many countries, especially Indonesia, but in some cases, security aspects in fintech have been monitored due to data breaches and security standards in protecting user data. On the market survey of 350 respondents, 95% of respondents actively using payment fintech, and 24.6% lending fintech. In maintaining security and usability, 63,9% of respondents are willing to spend time on data security and 50,9% are willing to upgrade their device to meet a certain level of security. On the technical simulation of biometric authentication, the average fingerprint accuracy rate is 91.64% while facial recognition is 91.82%. Various authentication methods meet a minimum of 90% accuracy as NIST and Google Android standards. Fingerprint processing time and facial recognition processing time are approx. 18.24 msec and 31.83 msec, while the combination with other password methods only takes <50 msec. Based on the market survey and technical simulations show that biometrics can be applied to secure user data and in combination with other authentication methods provide better security and usability of user authentication in fintech.