Project: Trustworthy Bank Key Ceremony Platform
About Symmetric Key Ceremonies used by Banks
In May 2010, at the IEEE Key Management Summit, Prof. Fabian Martins (Crosscut Consulting / FIAP University) made a presentation titled: "Practices and Difficulties of key management on the credit card market" [Streaming] [Download low-res video] [Download high-res video]. In that presentation Prof. Martins describes the state of the art with regard to key-ceremonies (split-path key distribution of symmetric key material) used in the credit card market. Prof. Fabian Martins called for new trustworthy and dependable key management solutions for use in the back-end of credit card processing systems, specifically for technologies that were suitable for use between mutually-suspicious parties and also provided protection against insider attacks.
Trustworthy Bank Key Ceremony Platform
ICT Gozo Malta member Synaptic Laboratories has proposed a key management model which addresses the security problems raised by Brazilian banking security expert Prof. Fabian Martins in the point above. This proposal was presented at the same IEEE Key Management Summit and can be found here and here. Subsequently Synaptic Laboratories has proposed the TruSIP 4clouds Platform which is designed to address issues of trust and insider attacks in the key management servers. Professor Fabian Martins will assist ICT Gozo Malta to develop the advanced trustworthy bank key ceremony platform to meet the needs of the credit card market.
Additional Resources:
- Fabian Martins, "Practices and Difficulties of key management on the credit card market", IEEE KMS 2010
[Streaming] [Download low-res video] [Download high-res video].
