Security Challenge and Issue of Mobile Banking in Republic of Uzbekistan: A State of Art Survey

Abstract

A mobile phone is a device that widespread technology that turns into a part of every person in the information era. Mobile banking is a framework that permits clients of a monetary organization to direct various budgetary exchanges through a cell phone, for example, a cell phone or personal digital assistant. For today, online banking is one of the modern tools, which allow banks to increase their profitability and increase their profitability client base. Recently, In Uzbekistan, a mobile banking service represents on a large scale and has become one of the latest services approached by commercial banks in Uzbekistan. Nowadays, Mobile banking is a subset of Mobile-services in Uzbekistan where all or almost of banks provide Internet banking service uses SSL encryption of data transmitted from the user's computer to the bank system and vice versa. Security measure allows users to exclude a previously common type of fraud. The main objective of this work is to classify and analyze the Security issues and challenges in Mobile banking in Uzbekistan.