Posted by admin on 12/Jan/2011 in In The News | 0 comments

Interview with Samuel Ucheaga,Managing Director – CellTrust in Africa.
MMA:Relationship between CellTrust in the US and CellTrust in Africa.
CellTrust of Africa is in charge of the African Region as an arm of CellTrust Corporation (USA). CellTrust is a leading global provider of secure mobile messaging and applications. CellTrust’s patent pending Secure SMS Gateway™, featuring Secure SMS and a suite of mobile applications, ensures the secure and trusted exchange of information on mobile devices to the financial service industry and governments; and also to healthcare, education, energy, information technology, marketing, and travel industries. Engr. Samuel Ucheaga is the MD of CellTrust of Africa.
MMA: What is the strong compelling need for SMS security for financial services in Nigeria.
Standard or conventional SMS, that people use for everyday messaging, is not secure. Only few people realise that it is highly vulnerable at many points. Standard SMS is vulnerable at the following points:
- On the handset where someone can easily gain access to it,
- On the air interface (between the handset and the BTS). There are now devices that cost less than 1,000 USD that could be used to sniff messages (SMS) over the air without gaining direct access to the user’s cell phone.
- At the mobile operator’s network where it is stored as a plain text file which could be read by the network operator’s staff.
Each of the problem areas listed above is already creating various problems. Since standard SMS can be compromised very easily, it is not suitable for handling sensitive or confidential messaging which the financial industry deals with. When transmitting sensitive mobile financial information – transactions, PINs, account balances and other sensitive information – security should be of utmost importance to prevent fraudsters from gaining access to customers’ accounts and making unauthorized transactions using the customers’ details. If mobile banking and payment security is treated with levity, the problems that the finance industry will face will make ATM related fraud seem very trivial.
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