E-BANKING ASSESSMENT PROGRAM

E-Banking Assessment Program

INTRODUCTION:

A digital wallet known as a “e-wallet” is used to hold payment information for several kinds of transactions, including online shopping, bill payment, and money transfers. E-wallet security has become a primary priority for both providers and customers as the use of e-wallets increases.

A security evaluation programme can be used to evaluate the security of an E-wallet. To find potential weaknesses and evaluate the overall security of the E-wallet system, this programme takes various steps.

A risk assessment is first carried out to determine potential threats and weaknesses. This entails determining the resources that must be safeguarded, the dangers that might jeopardize those resources, and the likelihood and severity of those threats.

A vulnerability assessment is performed to find any technological flaws that an attacker might exploit. This include checking the E-wallet’s architecture and software for any known vulnerabilities and running tests to find any potential brand-new flaws.

An E-wallet system penetration test is carried out to mimic a real attack. This entails making an effort to take advantage of any vulnerabilities that have been found in order to get into the system or steal sensitive data.

Finally, a report summarizing the security assessment program’s findings is generated, including any vulnerabilities found, the dangers connected to them, and suggestions for resolving those vulnerabilities.

E-wallet security assessment programmes are essential for locating and resolving potential security flaws in these systems. E-wallet providers can guarantee the security of their systems and the protection of users’ sensitive information by putting such a programme in place.