Research Publication

SMC protocol for privacy preserving in banking computations along with security analysis

Authors

Rohit Pathak

He is with the Computer Science Department, Acropolis Institute of Technology & Research, Indore, M.P., India (e-mail: rohitpathak@ieee.org)

Satyadhar Joshi

He is with the Electronics & Electricals Dept., Shri Vaishnav Institute of Technology & Science, Indore, M.P., India (e-mail: satyadhar_joshi@yahoo.com)

Keywords

HPC(High Performance Computing), Nano Simulation, Multi-Scale Modeling

Abstract

The expansion of internet escalated banking to a new level and has raised tremendous opportunities of joint transactions in which multiple banks cooperatively conduct some computation. Such computations use confidential data of the involved banks to compute the result. As the concerned data is private for the owning organization, its security is prime concern. Privacy preservation concern rises as no party can be trusted enough to know all the inputs of computation. In this paper we have proposed a scalable and efficient protocol to perform secure multi-party computations on encrypted data. The process involves encrypting data in a manner that it does not affect the result of the computation. Virtual parties are created by all organizations and encrypted data is distributed among them. Modifier tokens are generated along encryption which are assigned to virtual parties, and finally used in the computation. The computation function uses the acquired data and modifier tokens to compute result. As the data involved in computation was encrypted, without revealing the data right result can be computed and privacy of the parties is maintained. The protocol is highly efficient in conducting banking computations. We have analyzed the security and complexity of protocol and shown how zero hacking security can be achieved. Also we have analyzed the performance through various tests.

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Publication Details

Published in

The First South Central Asian Himalayas Regional IEEE/IFIP International Conference on INTERNET AH – ICI 2009

Also published in IEEE Xplore

Manuscript received

August 15, 2009.

IEEE Catalog Number

CFP0931H-CDR

International Standard Book Number (ISBN)

978-1-4244-4569-1

Library of Congress

2009903977

Digital Object Identifier (DOI)

10.1109/AHICI.2009.5340328

Conference Details

Conference Name

The First South Central Asian Himalayas Regional IEEE/IFIP International Conference on INTERNET AH – ICI 2009

Organizer

Ministry of Environment Science and Technology National Information Technology Center, Nepal

Institute of Engineering IOE, Nepal

Nepal College of Information Technology, Nepal

Nepal Engineering College, Nepal

IEEE Communications Society

Technical Sponsor

Institute of Electrical and Electronics Engineers (IEEE)

Venu

Hyatt Regency Kathmandu, KATHMUNDU, NEPAL

Conference Date

3rd - 5th November 2009

Related Links

Visit Conference Website Online

References

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