Security and Trust in Financial Services


The Financial Services sector is one of the largest and most important sectors within the UK economy. As the volume and value of online financial transactions continues to grow, the requirement to protect consumers and financial institutions from attack is also growing. Deloitte's 2010 Financial Services Global Security Study found that the security budgets of global financial institutions are on the rise, with 70% of UK financial institutions having increased their information security budgets over the previous 12 months. There is a clear need for financial institutions to take a proactive approach to the prevention and detection of fraud, and to reduce the impact on the industry and the individual consumer. The attraction of the potential rewards as the result of a successful attack means that attackers are committing more and more resource to attempt to infiltrate systems through fraud and malware. As well as dealing with the current nature of attacks, the industry needs to look for innovative technology that will allow them to detect and prevent attacks from happening.

This research programme includes the following areas:

  • Fraud & Forensics
    • Traffic Analysis specific to Financial Services
    • Current financial malware, techniques and trends
    • Reverse engineering methods
    • Effective tracing of online fraud and scamming behaviour
  • Trusted Platforms
    • Provable security models for RFID use
    • Gaming theory for cryptographic protocols and counter measures
    • Mobile Trusted Module architectures and protocols
    • Physical Unclonable Function (PUF) architectures for smart cards and credit cards

Security and Trust in Financial Services

Lead Institution

Centre for Secure Information Technologies (CSIT), Queen's University Belfast

Key word(s)

Fraud, forensics, financial services, trust, security, tracing, malware, scamming, cryptography, PUF

Associated Consultants

  • Prof Maire O’Neill

Project Funding

We have access to a range of potential funding mechanisms to support your business collaborate with this project including

ktp Knowledge Transfer Partnerships are based on partnerships between academic groups and companies who need access to skills and knowledge in order to innovate. The academic and industrial partners jointly devise and manage a two or three year programme to achieve the advances the company needs. This programme of work is carried out in the company by a KTP Associate and the resulting relationship can be very challenging and rewarding to all parties
4k-vouchers Innovation Vouchers are designed to enable small Northern Ireland enterprises to access knowledge and expertise to develop innovative solutions to business issues. The programme provides a voucher of up to £4000 to enable small enterprises to engage with one of the 41 universities, colleges and other publicly funded research organisations throughout Northern Ireland and the Republic of Ireland
If you are interest and would like to find out more including potential funding mechanisms, please complete your details below