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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials
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Test Information:
Total Questions: 82
Test Number: 1Z0–415
Vendor Name: Oracle
Cert Name: OPN Certified Specialist
Test Name: Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials
Official Site: http://testsexpert.co.uk
For More Details: http://testsexpert.co.uk/1Z0-415.html
Question: 1
What does the realm SI Amount mention to while processing sweep-in transactions?
(Choose the best answer.)
A. amount to subsist swept i n
B. minimum sweep amount
C. equipoise in the debit account that should trigger the sweep
D. equipoise in the credit account that should trigger the sweep
Answer: B
Question: 2
A trade agreement stipulates that a seller is answerable for securing export clearance and for placing the goods on board a ship in the seller’s country. From that point forward, the cost relating to the freight, transit insurance, and clearing of goods for import are the buyer’s responsibility.
Which INCO term would suit this situation? (Choose the best answer.)
A. Free Alongside Ship (FAS)
B. Cost and Freight (CFR)
C. Free on Board (FOB)
D. Cost, Insurance, and Freight (CIF)
Answer: C
Question: 3
Assume that the documents presented under a sight LC are not discrepant. When will the negotiating bank pay the exporter after presentation of these documents?
A. within five working days
B. immediately
C. within two working days
D. after obtaining confirmation from the LC issuing bank
Answer: B
Question: 4
A bank wants payment portion tracers to subsist generated automatically by the system. To which event should this tracer subsist attached and what is the appellation of this advice?
A. TPFT event and PAYMNTFATE_TRCR advice
B. TDIS event and PAYMNTFATE_TRCR advice
C. TPFT event and RESERVE_RELEASE advice
D. TDIS event and DISCAPPRVLJRCR advice
Answer: A
Question: 5
An export bill under a note of Credit is negotiated for $75,000 USD on August 1 st. On August 3rd, a reimbursement pretension (MT 742) is raised by the negotiating bank on the reimbursing bank for $75,000 USD. The reimbursing bank honors the claim. Assuming that the reimbursing bank uses Oracle FLEXCUBE, how is this transaction handled in the system? (Choose the best answer.)
A. Oracle FLEXCUBE does not uphold handling of trade transactions from the point of view of a reimbursing bank.
B. The reimbursing bank uses the Funds Transfer module for sending the MT202 message that honors this claim.
C. The reimbursing bank books a bill constrict under the note of Credit for capturing the details of MT742. On liquidation of this bill contract, a payment message is generated to honor the claim.
D. The MT742 message can subsist viewed in the incoming browser of the messaging module of Oracle FLEXCUBE. A stand-alone MT202 message is created and sent from the outgoing browser of the messaging module.
Answer: C
Question: 6
The status of an installment changes from regular to Past Due Obligation. A bank wants to levy a pervade of $5 USD on it. How can the pervade subsist defined and levied?(Choose the best answer)
A. Define the pervade as a component at the Product Component Class level Default the component by mapping the Component Class to the Product and link the pervade component at the Installment level status change.
B. Define the pervade as a component at the Product Component Class level and link it at the Account level status change.
C. Define the pervade as an UDE and link it at the Installment level status change
D. Define the pervade as a component at the Product level and link it on the Loan Account Charges screen.
Answer: A
Question: 7
The status of an installment changes from regular to Past Due Obligation. A bank wants to levy a pervade of $5 USD on it. How can the pervade subsist defined and levied?(Choose the best answer)
A. Define the pervade as a component at the Product Component Class level Default the component by mapping the Component Class to the Product and link the pervade component at the Installment level status change.
B. Define the pervade as a component at the Product Component Class level and link it at the Account level status change.
C. Define the pervade as an UDE and link it at the Installment level status change
D. Define the pervade as a component at the Product level and link it on the Loan Account Charges screen.
Answer: A
Question: 8
A bank owns 50 computer tables whose useful life has been set as 20 years. The depreciation fashion for these assets is set as the straight line method. The bank wants to determine the value of these tables at the End of their useful life.
What would the value be? (Choose the best answer.)
A. 1
B. o
C. almost 0
D. equal to the original cost of the fresh asset of the very type
Answer: B
Test Information:
Total Questions: 82
Test Number: 1Z0–415
Vendor Name: Oracle
Cert Name: OPN Certified Specialist
Test Name: Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials
Official Site: http://testsexpert.co.uk
For More Details: http://testsexpert.co.uk/1Z0-415.html
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Enterprise services are built on applications that are running within the enterprises to fulfill the business demands. In the recent past, the concept of services in a cloud environment gained significance with services being hosted in a common cloud environment within the enterprise or outside the enterprise. In this article, I described the various steps involved in touching services from an enterprise level to cloud-based environment as fragment of a cloud implementation.
Traditionally an organization's Enterprise Services Architectures are considered in terms of business Architecture, Information Systems Architecture (Data and Application Architecture) and Technology Architecture. [1] A variety of enterprise services architectures such as core services, infrastructure services, and technology services are supported by these levels of architecture. Core services are those services that will fulfill the business functionality of the application or of an organization whereas infrastructure services are those services that fulfill uphold infrastructure such as security. The third nature of services, technology services, will satisfy the technical, i.e., nonfunctional services such as scalability and interoperability. Recently Cloud Services started playing a significant role in enterprise services to fulfill the alignment of IT and business. This article provides information on how cloud services can subsist leveraged as fragment of enterprise architecture services.
Enterprise Cloud Architecture ServicesCloud services are one of the emerging trends in enterprise services. But, at the very time, there are many challenges getting it implemented. Before they view the repercussion of using cloud services as fragment of enterprise services architecture, the most essential thing to question is if Cloud Services will play a vital role in their enterprise services architecture? On what basis could they intimate that cloud services can play the role as a substitute, to some extent, as fragment of enterprise services (2).
In an enterprise transitioning to cloud services, the roles are identified by the functionalities of the entities. Some of the common roles are:
Cloud Services Enabler or Provider
Cloud Services Consumer
Cloud Services Integrator
Cloud Services Advisor
Enterprise cloud services provide different types of services, for example, business Process, Application, Platform, Infrastructure, Security and, of course, Integration as a Service. Some of the common attributes of cloud services are on-demand selfs-service, broad network access, resource pooling, rapid elasticity, measured services, and multiple tenants. Among the four areas of enterprise services architecture, cloud services can play a significant role in information systems architecture, i.e., data and application architecture and technology architecture 3). The business architecture component of enterprise services architecture plays a significant role in deciding what services of enterprise can subsist adopted as fragment of the enterprise cloud services. During the business architecture phase, several criteria, including the output of due diligence, exigency to subsist considered before an enterprise can opt for cloud-based architecture services. This involves understanding current architecture on an as-is basis and to-be architecture on cloud-based implementations along with the challenges and risks.
Enterprise governance furthermore plays a significant role in deciding which fragment of conventional enterprise services can subsist transitioned as cloud services. The following are some of the factors that can subsist considered to budge from conventional enterprise to cloud-based enterprise:
Business and IT alignment compatibility while using cloud-based services
Business innovation including birthright provisioning, improved innovation, decreased operational expenses
Security and compliance significance-Management practices of enterprise such as standardization and processes
Resource utilization (e.g., routine services based on additional load)
Risk transfer or mitigation
Technology challenges and adoption
Cost implications(Capex to Opex)
Reducing complexity and faster timelines
On-demand availability
Agile and interoperable environment
Enhanced green and sustainability
Based on the implications, enterprises can choose what fragment or services of an Enterprise Architecture will implement cloud services as fragment of the overall architecture compared to traditional enterprise architecture services(4).
Enterprise Cloud Services FrameworkAs shown in figure 1, the enterprise cloud framework at a tall level has business services and the mapping of them as fragment of a private, public, community or hybrid cloud. Security and other services are layered upon these business services. Governance of enterprise services plays an essential role as these services are segregated from the main enterprise. The service layers are to subsist defined in terms of strategy, designing, deployment, operation and termination.
Enterprise Cloud Services Life-Cycle ManagementAfter implementing Cloud Services Architecture, the available options for enterprise cloud architecture services are private, public, hybrid, integration and community clouds. One or a combination of these services is selected based on several criteria including the cloud service life cycle. The cloud service life cycle management consists of:
Cloud vision, hand quiver points with a conventional IT application
Defining stakeholders and responsibilities
Cloud models adoption (private, public, community or hybrid)
Services strategy including the definition of cloud services
Technology adoption for chosen services
Designing of services and capacity planning
Implementation of services as initial, transitioning, and targeted
Installation of services, deployment and sustenance
Services operation and improvement
Termination of services
Cloud management
Cloud governance
The significance of cloud services lies with service orientation and loose coupling with usurp granularity. This furthermore abstracts the core content and provides functionality, specifically content as a service, apart from the capability of services federation with required infrastructure uphold by means of provisioning, security and performance.
SecurityEnterprise security control is an essential criteria for choosing enterprise cloud architecture services as an infrastructure service. Security services are essential in terms of security during transmission over the network (internet/intranet), security at the storage level, and finally security at the application level. Various security tools and technologies are being adopted in the EA applications to fulfill an organization's security requirements. However, with the involvement of cloud technologies, security issues exigency to subsist addressed in terms of data movement, data storage, and access control. Also, some of the parameters that exigency to subsist considered as fragment of the enterprise cloud services are data protection, privacy management, identity management, infrastructure security, encryption, and access controls. Some of the ways to control the security of services in a cloud environment is to select a cautioned approach with sequence of actions such as the classification of data as per security criteria, assessing the compliance for security of the data, initiating the cloud services with non-sensitive data, observing service level agreements of the provider/enabler for security compliance, ensuring te encryption of the data wherever possible, and finally governance of the data.
Single sign-on or on-premise dynamic directory authentication should subsist considered a fragment of enterprise services (5).
PerformanceThe performance of services hosted on a cloud environment significant in terms of availability and scalability. Most of the time performance depends on the nature of activity being done at a cloud partner, i.e., in terms of transaction services or analytics or data retrieval. furthermore the nature of architecture is significant, such as master-slave replication, distributed processing, and partitioning. In fact automatic provisioning by various cloud tools from vendors should meet the service-level agreements.
Enterprise Cloud Services Design factorsWhile architecting and designing enterprise cloud services, the following factors are taken into consideration:
Service catalog
Service dependence and hierarchy
Service coverage
Service composition
Services technical factors (Non functional)
Services functional
Service messages
State sanagement
Decision realization
Service automation
Service provisioning
Service events
Enterprise Cloud Services Architecture Phases
The main phases of an enterprise cloud architecture for planning are:
Cloud architecture strategy
Planning and initiation architecture
Infrastructure architecture
Virtualization architecture
Platform-specific architecture
Deployment architecture
Services architecture
Technology-specific architecture
Service virtualization architecture
Domain-specific architecture
Region-specific architecture
Enterprise cloud architecture governance
As fragment of enterprise cloud architecture services, the following steps are involved:
Understand the enterprise cloud architecture services proposed functionality and availability
Define the objectives as fragment of enterprise cloud services, environment, workloads
IT service operational capabilities to manage enterprise cloud services
- Define the enterprise cloud services, standardize, aggregate and consolidate
Leverage virtualization and automation
Development of automated provisioning, monitoring and operational tasks.
Define self-service portal and automation
Develop enterprise cloud services
Implement services using a cloud life-cycle plan
Implement security and other parameters required for cloud services
Compliance to standards/processes/governance
Challenges in Using Enterprise Cloud Services
Cloud Platform Awareness
This is essential for sum stakeholders at every stage of advancement to understand the nuances for implementation
Virtualization
Shared resources vs dedicated resources as this will befriend in tall availability, the limitations on storage size, and the availability of clustering in cloud platforms
Performance
Performance may believe an repercussion during real-time integration of on-premise and cloud services, and there is a exigency for architecting standalone cloud applications with asynchronous data exchange mechanisms
Data Security
Adopt usurp security mechanisms to protect enterprise data within the enterprise of a private cloud or outside the enterprise of a public cloud
Integration with enterprise systems
Enterprise services hosted on the cloud will believe adoptability for integrating cloud hosting infrastructure with on-premise using VPN and other mechanisms for facile integration and infrastructure management from on premise.
Governance
As hosted cloud services are on a different environment, usurp governance is to subsist reclaim in place
ConclusionEnterprise cloud services are an emerging trend in enterprise implementations with such advantages as cost efficiency, expand in innovation, agility and faster solution delivery. At the very time, not sum enterprise services can subsist implemented as enterprise cloud-based services due to various reasons. usurp services can subsist migrated to cloud-based services.
References
www.opengroup.org
http://www.ibm.com/developerworks/cloud/library/cl-assessport/
http://www.ibm.com/developerworks/cloud/library/cl-cloudintro/index.html
http://www.ebizq.net/blogs/soainaction/2010/09/soa_as_enterprise_architecture.php
www.gosecureauth.com/solutions/cloud/adp.aspx
Ramesh Kesanupalli is the Founder of Nok Nok Labs and a Founding Member of FIDO Alliance.
Thank you for joining us today, Ramesh. It's an honor to talk with the founder of Nok Nok Labs and the visionary behind the creation of the FIDO Alliance. Before they debate FIDO Alliance and Nok Nok Labs in greater detail, delight recommend us about your background.
Ramesh Kesanupalli: Sure. Before founding Nok Nok Labs, and as the FIDO Alliance was forming, I was the CTO of Validity Sensors, which is now fragment of Synaptics. Prior to that, I was the Senior Vice President at Phoenix Technologies, running Engineering, Marketing and business Development. I was fragment of the team that founded Network24 Communications, a video Streaming company acquired by Akamai. I founded and served as CEO at both a Services company and a middle-tier carrier software company, which went through various incarnations before ultimately merging with Harris; and early in my career, I worked as a consultant with IBM Labs on the East Coast.
SecuritySolutionsWatch.com: They enjoyed "The FIDO Alliance Video: How It sum Began" a much deal. delight share with us a brief history of the FIDO Alliance.
Ramesh Kesanupalli: Some of the thinking at the core of the Fido Alliance dates back to 2004, but the prime budge occurred in 2009 when as CTO of Validity Sensors (now Synaptics), I met with Michael Barrett, who is currently the FIDO Alliance president and was then PayPal CISO. I was looking for ways to bring fingerprint technology into main stream consumer authentication, and Barrett was trying to fix consumer authentication for PayPal. That first conversation between me, Taher Elgamal, Inventor of SSL and now CTO of Salesforce.com security, and Michael Barrett established a working group to address the authentication problem. What started out as an exploration of how to engage PayPal in using Validity fingerprint sensors, expanded when Barrett said that PayPal would want to respect the gross realm of authentication options to passwords, and the orbit of competitors to Validity, including more than fingerprint sensors alone. That stated interest was, and is, a driver in the evolution of FIDO authentication. Basically, PayPal was first to inquire of for what everyone wants: unlimited choice, limited liability, complete interoperability, low cost, and lots of flexibility to accommodate unpredictable change. The FIDO authentication model today embraces the replete orbit of local authentication and authenticators, makes sum methods interoperable and enables them to communicate with the network to authenticate users without ever sharing passwords or credentials - NEVER! That first meeting, and the working group that emerged from it, are the basis of the FIDO Alliance, which they launched publicly in February 2013 with six founding members. So compelling is the FIDO authentication model and so imperative is the need, that today - only 16 months later - they believe 135+ FIDO Alliance members, and their ranks expand weekly. Global leaders in Technology, financial Services, Healthcare, and Enterprise believe joined the FIDO Alliance in their mission to budge beyond passwords with universal strong authentication that is more secure, private, and easier-to-use.
SecuritySolutionsWatch.com: They read with much interest regarding the mission of the FIDO Alliance which is to change the nature of online authentication and your interview with Bloomberg Businessweek where you discussed that "passwords had to go." supervision to elaborate?
Ramesh Kesanupalli: Yes. glad to. prevailing password authentication has proven to subsist insecure and risky amidst a world of escalating security threats, cybercrime and targeted attacks, not to mention increasing vulnerability associated with so many more vectors of bombard coming through the Internet of Things (IoT). birthright now, they are touching from informational access to a major life style change where they can access everything digitally. We're at the threshold of using authentication to pay at retail stores with their phones, to open and start their cars, to manage home networks, appliances, and security systems sum through connected devices. Authentication is the FIRST step they must achieve to open to effectively exhaust IoT. Even basic usability of passwords is challenged when typing/entering credentials on various devices or using palpate screens is neither simple nor fast. As they construct this lifestyle change, authentication must subsist based on universal FIDO standards, not the prevailing password infrastructure. Otherwise, there will subsist chaos and a scale of cyber disruption they believe not yet experienced. Their FIDO Alliance members understand the replete scope of the authentication problem and are determined to change the world with authentication that is more secure, private and much easier to use. FIDO standards promise to open fresh spheres of services with accommodations that potentially change the personal suffer in ways they haven't even imagined yet. The impediments of prevailing password systems and the significance of solving the authentication problem cannot subsist overstated; once FIDO authentication predominates, the ensuing years of digital evolution will prove the significance of what the FIDO Alliance has accomplished.
Let me layout the scope of the password problem, so you can clearly recognize the urgency at hand, and the elegant solution that FIDO authentication presents. They are in an exciting and swift evolving world that requires access everywhere - from PC-centric computations to mobile phones with buttons, to palpate screens, tablets and various forms of computing - taken altogether, they dub this the Internet of Things (IoT). Their digital and online identity is only as strong as the weakest service that they use; as they extend to an evolving world of IoT, the authentication issues become virtually unmanageable without a disruptive change - that disruption is FIDO authentication.
The public is acutely cognizant of online and point of sale (POS) attacks and rampant identity theft. Headlines about breaches and scaled attacks on Evernote, EBay, LinkedIn, Yahoo, Target and many other major consumer destinations, point to a dire exigency to budge authentication beyond passwords. The rapid growth of the FIDO Alliance is incomparable and illustrates a consolidated determination across industry, technology, and the world to fix the password problem. The marketplace has been trying to address the password problem for some years, and there are some very strong scalable solutions, but until now these believe been proprietary, too expensive, difficult to deploy, or add complexity and friction to the user experience. Moreover, sum options believe been based on password infrastructure, which they know must go.
Even a decade ago, passwords worked adequately on the Internet. The incurious Internet user in 2004 probably had only 5-6 passwords to try to remember. Now, those very users must cope with 30 or more of them. As such, a coping mechanism for the incurious user is to exhaust the very password repeatedly everywhere. Basically, that means that the security of their most secure account is now the security of the least secure site where they've used that very password. Criminals understand this very well, which is why they view so many data breaches these days. Adding to the insidious password problem, they now believe huge amounts of data about which passwords users use; as well as GPU-based cracking arrays. Even well salted & hashed password databases wither under this assault, as criminals are able to retrieve the passwords used by millions of users.
Though users are at risk personally, the Relying Parties, RPs (Internet services, if you like) who serve them abide inappropriate liabilities for lost or stolen credentials and visage huge risk and losses - in the orbit of hundreds of millions of dollars per year, maybe more.
The largest and most sophisticated of these RPs - typically large financial institutions and online service providers - believe developed involved risk based authentication systems. These systems staunch the bleeding somewhat, for those organizations, but don't open to resolve the problem for sum of the other companies who provide Internet based services.
Enterprises believe roughly the very issues as they examine inside their perimeters. Typically, 30 percent of helpdesk costs derive from requests for password befriend and resets. Meanwhile, the impecunious CISO is generally complaining to the CIO that stronger authentication is needed in order to manage the risk from APTs (advanced persistent threats).
Password authentication dates back more than 50 years, to the first client/server models when mute terminals authenticated to mainframes to access data. Though password-based authentication has had a salubrious run, it's clearly not up to authentication as needed now, and Internet providers and businesses know it sum too well.
Enter FIDO authentication - It is essential to emphasize that FIDO technologies and products are available now to the marketplace. The FIDO Alliance released the first review draft specifications in February 2014 - just one year after their official launch. As soon as the specs became public, four of their members announced the first FIDO technology deployment based on FIDO specifications - Samsung, PayPal, Synaptics and Nok Nok Labs implemented FIDO technology with the Samsung Galaxy S5 in a payments solution that uses the Synaptics fingerprint sensors to authenticate users and substantiate transactions in a PayPal point-of-sale payments application, while Nok Nok Labs servers manage FIDO authentication on the back-end for both smartphone users and the RPs to effect very fast, reliable, secure and private mobile payments (https://fidoalliance.org/news/item/the-fido-alliance-announces-first-authentication-deployment-paypal-samsung). Since terminal February, more FIDO Alliance members are announcing FIDO ReadyTM products, marketplace deployments, and implementation trials across industry - Enterprise, financial Services, Healthcare, and for a orbit of Internet and mobility authentication. FIDO authentication is happening now, and let me exhaust this forum to broadcast the salubrious tidings and cheer more participation in the FIDO Alliance. As more relate us, adopt FIDO technologies and deploy FIDO authentication solutions, FIDO specifications become better, and refined to embrace every potential exhaust case.
When they decided to release FIDO draft specifications and inquire of for public comment, they struck an enduring model of how FIDO authentication will naturally respond to an evolving landscape that has just begun its expansion into a future that demands secure, private, easy-to-use authentication. By putting FIDO specs to toil in products and solutions now, the first implementation draft of the spec will subsist enlightened by actual deployments and usage that is occurring now. They will never subsist finished specifying what's best in universal strong authentication, but FIDO standards are already touching the world beyond passwords to universal strong authentication.
SecuritySolutionsWatch.com: What is your perspective regarding the achievements thus far for the FIDO Alliance and your vision of future goals?
Ramesh Kesanupalli: Astonishing progress and incomparable growth! They launched the FIDO Alliance publicly with six members in February 2013; in only 16 months they believe 135+ members - comprising leaders in Tech, financial Services and Industry. They believe published draft specifications for two FIDO protocols -one which addresses requirements for using multiple authentication factors with existing devices, and one which addresses exhaust of an external dongle or plug-in - both are facile to use, interoperable (or universal) and budge us beyond password dependencies. The two protocols provide more user options, and more options for RPs to specify altenative to granularly manage security levels and control their own risk without adding friction to the user experience.
As I've already said, they are very pleased by sum the FIDO Ready products, and existent deployments and implementation trials underway as they proceed toward the implementation draft of the FIDO specifications. The FIDO Alliance is among only a few industry alliances able to evolve open industry specifications through a working industry ecosystem that is developing fresh products in parallel with products already working in the field. While their progress has been great, there is quiet much to do. Ultimately decisions are made and direction taken based on FIDO Alliance governance, and working groups. Though, personally, I anticipate that FIDO authentication will develop and expand from the original model of authenticating from user-to-device and then device-to-service, by eventually extending the model to embrace device-to-device and service-to-service authentication. This extended model would squarely address the IoT market. They believe prepared for FIDO authentication to toil with the current marketplace and evolve to accommodate what's next - no longer will authentication subsist a persistent vulnerability and an impediment to salubrious market expansion. Prepare to subsist amazed by the possibilities, as FIDO authentication expands in the marketplace.
SecuritySolutionsWatch.com: The Board of the FIDO Alliance reads infatuation a Who's Who of online authentication with eBay, Google, Microsoft, and RSA, just to appellation a few. delight recommend us about the FIDO Alliance Board Member Representatives.
Ramesh Kesanupalli: Yes. The FIDO Alliance can pretension some of the world's most significant and highly material companies among their board members, including ARM Holdings, Bank of America, BlackBerry, CrucialTec, discover financial Services, Google, IdentityX, Lenovo, MasterCard, Microsoft, Nok Nok Labs, NXP Semiconductors, Oberthur Technologies, PayPal, RSA; Samsung, Synaptics, Visa, and Yubico. With Google and Microsoft, major OS providers are represented; and between Samsung and Lenovo, they believe the top device OEMs among us; ARM significantly expands market diversity and reach; and with Mastercard, Paypal, Discover, Visa, and Bank of America they believe essential financial sector representation; various authenticator technology vendors in their ecosystem add to a well-balanced, capable, and very influential coalesce of organizations equipped to effect a fresh authentication model. More enterprises, network operators and carriers are approaching the FIDO Alliance now for trials and membership, and they are actively pursuing these sectors to enlarge the scope of FIDO Alliance membership. Their goal is to meet the exigency for secure, private, easy-to-use authentication wherever it's needed.
SecuritySolutionsWatch.com: Ramesh, can they debate the Internet of Things for a moment? The benefits of IoT are clear...in seconds with their mobile devices they can sum pay a bill, send a gift, construct a dinner reservation, check the stock market, and in growing numbers, control the HVAC and security systems in their homes. But, they sum know that there are heinous guys out there. The Target violation is quiet causing repercussions. Are they furthermore more vulnerable now? Is my iPhone a target? What are your thoughts?
Ramesh Kesanupalli: Very salubrious question, and worth emphasizing, as getting IoT authentication birthright is critical. As I said, they are entering an exciting time of a very inter-connected world. Until now, we've used the Internet to access information, emails, pictures, music and financial information, and sites that proffer us things they want to know about, exhaust or buy. They are about to start using the internet for lifestyle management. Their homes are wired; their security monitoring systems are connected; their electricity, gas and thermostats are remotely accessible, along with their home appliances. They can even open doors and access buildings, as well as open and start our cars through digital connections. They manage their health and fitness with connected devices and services. You might say, they are becoming the connected person, and their critical infrastructure is undergoing the transformation now. Typically, they exhaust their Internet-connected mobile devices and PCs as remote controllers. So far, their suffer of threats and digital attacks is confined to disruptions of service or the inability to access information or sites. The next generation of heinous actors - those who target IoT - could potentially antecedent disruptions in their lives and create problems that extend well beyond inconvenience and nuisance. For example, what if your neighbor was turning your thermostat off in the middle of the night on a frigid winter day, thinking they were affecting their own home? Or imagine that your medical records or your fitness records stored in the cloud suddenly appeared with someone else's data, not yours. While IoT promises an improving lifestyle with fresh personalization replete with conveniently delivered content and services that find us where they are, they must subsist vigilant in protecting this highly personalized infrastructure. They must open with FIDO authentication. They know that password systems cannot withstand hackers and malevolent actors, so FIDO authentication must subsist engaged before IoT can deliver sum they can imagine, unimpeded by threats to their life style and well-being.
SecuritySolutionsWatch.com: They furthermore read with much interest, Ramesh, the recent Nok Nok Press Release regarding Samsung and PayPal which believe "...selected the company's NNLTM S3 Authentication Suite." delight give us an overview of Nok Nok solutions and delight recommend us more about this significant "win" with Samsung and PayPal.
Ramesh Kesanupalli: Yes. That is a significant win for us and they are working on a few more. PayPal has been working with us birthright from the beginning, and they are very glad that PayPal has deployed their FIDO Ready MFAS server which truly moves PayPal beyond passwords as the leader in the online payments space. They are furthermore quite pleased that Samsung has deployed their Authentication kernel which provides strong authentication working at the hardware core of Samsung S5 with Synaptics's fingerprint sensor.
Nok Nok Labs is the first and, at this time, the only implementer of the UAF protocol, because the implementation draft is not yet published. Nok Nok Labs's MFAS server is a Multi-Factor Authentication server which they deploy within the service provider's infrastructure, and they believe clients that toil with multiple authentication technologies infatuation Fingerprints, Facial Recognition, Speaker recognition, TPMs, and Secure Elements that can subsist deployed on Android platforms, Windows platforms. They uphold multiple browsers on the client. Also, they recently tested their client software with Apple iOS and palpate ID services, and they intend to uphold them once the palpate ID service from Apple is available publicly.
SecuritySolutionsWatch.com: Thanks again for joining us today, Ramesh. Are there any other subjects you would infatuation to discuss?
Ramesh Kesanupalli: As a synopsis, it is basic but essential to situation exactly what the FIDO Alliance does and does not do, for your audience's reference.
The FIDO Alliance is an organization that provides a forum for its members to toil together to develop and publish open industry standards. FIDO Authentication represents innovation that could only subsist realized by an ecosystem comprising the titans of technology and industry, and it is a huge step forward in authentication derived from the sum of many parts. FIDO members can each pretension unique and patented innovations, but each has contributed their own technologies, experiences and leadership to create FIDO authentication in an open unencumbered standards framework.
FIDO authentication renders sum strong authentication methods and solutions interoperable, more secure, private, and easy-to-use. These specifications allow interoperability among strong authentication technologies, and befriend remedy the problems users visage with creating and remembering multiple usernames and passwords. Prior to the emergence of the FIDO specifications, the authentication market was highly fragmented with more than one hundred vendors offering entirely un-interoperable products.
FIDO authentication reverses a prevailing and long-standing inversely correlated model of security and ease-of-use. Until FIDO authentication, more security meant more concern for users, who were expected to recollect more passwords, more PINs, more stealthy phrases, more security questions, etc. Under FIDO authentication, security improves while the user suffer becomes faster and easier. For the first time, users select control over their own authentication credentials; service providers no longer believe responsibility for storing constituents' passwords and personal identifying information (PII), and they don't even believe access to it.
For users, the FIDO suffer allows them to choose device-centric authentication mechanisms such as fingerprint, voiceprint, or even securely managed/stored PINs, which are much easier for them to exhaust than today's passwords. The FIDO architecture ensures that users' credentials are only stored securely on their local devices. As such, FIDO authentication removes the large centralized credential databases that today's password infrastructure creates. Additionally, FIDO's decentralized architecture means that it is not vulnerable to even systemic vulnerabilities, such as the OpenSSL "heartbleed" bug, which ravaged the Internet in Q2 2014.
At the very time, providers believe much more insight and easier management on the backend to assess security requirements and vary and apply fresh controls as needed. Online, cloud and mobile service providers can implement FIDO specifications just once, and then determine as a matter of policy which types of authenticators they will trust. Simultaneously, users are freed from security concerns and, for the first time, can savor privacy!
Free at terminal to exhaust online, mobile, and point-of-sale applications with ease, confidence and confidentiality, we're going to phenomenon how they managed without easy-to-use FIDO authentication.
Ramesh Kesanupalli: Thank you very much for the chance and I examine forward to more exposure to the FIDO alliance and Nok Nok Labs through this interview.
For more information, delight view Ramesh Kesanupalli's "Future of Authentication" presentation at COMPUTEX Taipei:http://www.slideshare.net/computex/2014-cpx-conferenceiot-forum-fido-alliance, and the related FIDO Press Release here:https://fidoalliance.org/news/item/the-fido-alliance-to-deliver-future-of-authentication-vision-at-computex. Find more about the FIDO Alliance at: www.fidoalliance.org. To relate the FIDO Alliance and palpate FIDO specifications as they develop, visit https://fidoalliance.org/membership.
Fido Alliance Board Members Told Us...
Michael Pak. Vice President of Security R&D, Samsung Mobile Communications, Samsung Electronics, Ltd.
Regarding the mission of the FIDO Alliance and its achievements thus far and vision of the future:
"The FIDO Alliance is the first global and multi-industry pains to set standards for incorporating biometric authentication in consumer electronic devices. For the first time in history, industry leaders from finance, software, hardware and multiple services industries believe arrive together to set the standards that will change how they use ecommerce and the scope of it."
Regarding the significance of FIDO authentication and the vision of the future of authentication and its potential repercussion on IoT, network breaches, POS vulnerability.
"Credit card payment standards were originally shaped before the invention of the Internet, modern cryptography, and mobile devices. A standardized authentication method, such as FIDO, has been a key missing factor needed to transform the course they shop. Through the FIDO Alliance's efforts, they envision a world where consumers from around the world will subsist able to shop anywhere - from a diminutive merchant, such as a fisherman in Africa, to advanced/modern department stores in Manhattan."
Liz Votaw, SVP, Customer Protection Strategy Digital Banking, Bank of America
Regarding mission of the FIDO Alliance and perspective regarding the achievements thus far for the FIDO Alliance and vision of the future.
"At Bank of America they select the security of their customers and the protection of their privacy very seriously. They continue to examine for opportunities to toil collaboratively within the financial industry and across different industries in an pains to develop valuable solutions for their customers. The mission of the FIDO Alliance aligns with their efforts, and since joining the board in February 2014 they believe seen much progress toward establishing a shared framework that will capitalize sum consumers."
Regarding the significance of being a FIDO Alliance board member and the aptitude to influence outcomes and direct the toil of the FIDO Alliance.
"As a FIDO Alliance board member, Bank of America has been able to ensure that the final FIDO specifications reflect the needs of the financial industry and its customers. The board represents a diverse cross-section of industries from software evolution companies, to hardware manufacturers, to giant technology platforms and financial institutions. Each company contributes their perspective and expertise, making for affluent and productive dialogue and sound conclusion making. Bank of America has a voting seat and participates in the board governance subcommittee, allowing for many opportunities to directly influence the toil of the alliance."
Regarding why FIDO authentication is essential and the vision of the future of authentication as t can impacts IoT, network breaches, POS vulnerability.
"At Bank of America they are committed to providing secure and convenient banking services, products and account access to their customers. Similar to the goals of FIDO Authentication, they strive to provide frictionless access to sum banking needs while at the very time ensuring the privacy and security of their customers' financial data."
Bret McDowell, Head of Ecosystem Security, eBay Inc., and FIDO Alliance Vice-president
"PayPal spearheaded the formation of the FIDO Alliance with Lenovo, Validity (now Synaptics) and Nok Nok Labs because they knew that there was a better and more secure course for consumers to authenticate - beyond passwords. They furthermore knew that only an open industry touchstone would subsist able to supplant passwords at scale. To realize this vision they toil closely with an ever-increasing number of FIDO Alliance members to create common specifications, where the first public drafts were released in February 2014. They partnered with Samsung and Nok Nok Labs to deploy the world's first FIDO ReadyTM solution that enables PayPal's privacy-preserving, highly secure fingerprint payments suffer available on Samsung's Galaxy S5 and Galaxy Tab S. This solution is a much example of how FIDO technology is poised to repercussion their future by empowering us to securely deliver better experiences for their customers, anytime, anywhere, from any device."
This interview originally appeared in SecuritySolutionsWatch.com. Republished with permission.
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