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Solution Architecture Phase 2

The document outlines a solution architecture for securing financial applications through best practices for API security. It details the technical requirements, including the use of React.js for the front-end, Node.js for the back-end, and secure database storage, while emphasizing encryption, authentication, and compliance with security standards. The architecture aims to provide a scalable, robust, and user-friendly experience while protecting sensitive financial data.

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2 views4 pages

Solution Architecture Phase 2

The document outlines a solution architecture for securing financial applications through best practices for API security. It details the technical requirements, including the use of React.js for the front-end, Node.js for the back-end, and secure database storage, while emphasizing encryption, authentication, and compliance with security standards. The architecture aims to provide a scalable, robust, and user-friendly experience while protecting sensitive financial data.

Uploaded by

desaiarya0
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Project Title: Security Best Practices for APIs: Protecting Financial Applications with Robust

Security Measures
Team Members:
1. Name : Arya Desai
CAN ID Number: CAN_33808460

2. Name : Fariha Tambitkar


CAN ID Number: CAN_33808675

3. Name : Prathamesh Manohar Kumbar


CAN ID Number: CAN_33686311

4. Name : Yugant Durgappa Koulgekar


CAN ID Number: CAN_33673667

Institution Name : Angadi Institute of Technology and Management Belagavi.

Phase-2 Solution Architecture

Solution Architecture Overview


The architecture for "Security Best Practices for APIs" focuses on protecting financial
applications by employing a secure, scalable, and robust API framework. The framework is
designed to safeguard sensitive financial data, adhere to regulatory compliance standards,
and offer a seamless and secure user experience. Modern technologies and proven security
best practices are integrated throughout the system to address potential vulnerabilities and
ensure optimal performance.

Technical Requirements
To secure financial APIs, the architecture incorporates the following technical solutions:
Front-End
• Technology:
Built with React.js to ensure a highly responsive, intuitive, and user-friendly interface.
• Security Features:
• All communications between the front-end and back-end are secured using
HTTPS.
• Cross-Origin Resource Sharing (CORS) policies are implemented to prevent
unauthorized API access.
Back-End
• Technology:
Developed using Node.js with the Express.js framework for creating robust and
efficient API logic.
• Security Features:
• WebSocket encryption ensures secure real-time updates and bi-directional
communication.
• Input sanitization and validation prevent SQL injection and other attacks.
Database
• Technology:
Either PostgreSQL or MongoDB for secure data storage, depending on the nature of the
application (relational or document-based).
• Security Features:
• Data is encrypted at both rest and transit.
• Sensitive information (e.g., payment details) is hashed using robust algorithms
like SHA-256.
• Role-Based Access Control (RBAC) ensures that only authorized personnel can
access sensitive data.
Payment Integration
• Technology:
APIs like Stripe or PayPal are used for secure payment handling and seamless
transaction experiences.
• Security Features:
• Tokenization of payment details ensures no sensitive data is stored on servers.
• Compliance with PCI DSS (Payment Card Industry Data Security Standard) to
ensure the highest levels of transaction security.
Authentication & Security
• Authentication:
Implements OAuth 2.0 for secure and scalable user authentication, ensuring third-party
applications access only permitted resources.
• Session Management:
Uses JWT (JSON Web Tokens) to secure and validate user sessions.
• Encryption:
All communications are encrypted using TLS (Transport Layer Security) to prevent
eavesdropping, tampering, or message forgery.
Architectural Components
• Client Layer (React.js Front-End):
• Responsive UI with secure API interactions.
• Application Layer (Node.js Back-End):
• API routing, JWT-based session management, and rate limiting.
• Database Layer:
• Stores encrypted sensitive data with role-based access controls.

Component Diagram:

Detailed Workflow
The secure flow of operations is as follows:
1. User Login:
The user logs in through the React.js front-end, which sends encrypted credentials to the
back-end via HTTPS.
2. Authentication:
The back-end verifies the credentials using OAuth 2.0 and issues a JWT, enabling
token-based secure access to APIs.
3. API Interaction:
• The front-end interacts with APIs for operations (e.g., viewing account balances,
making transactions).
• All API calls are verified for proper token authentication and are rate-limited to
prevent abuse.
4. Payment Handling:
• Payment requests are securely routed to payment gateways like Stripe or PayPal
using encrypted connections.
• No sensitive payment details are stored locally; tokenization is used to represent
card data securely.
5. Data Storage:
• User and transaction data are stored securely in the database.
• Sensitive data is encrypted and activity logs are maintained for compliance and
auditing.

Scalability & Performance


The architecture ensures scalability and optimal performance while maintaining security:
1. Horizontal Scaling:
• Load balancers distribute user requests across multiple servers, preventing
overload.
2. Caching:
• Frequently accessed data is cached using tools like Redis or Memcached to
reduce the load on the database.
3. Rate Limiting:
• Prevents denial-of-service attacks and ensures fair resource usage.
4. Content Delivery Network (CDN):
• Static assets like images and scripts are served through a CDN, reducing latency
and improving the user experience.

Conclusion
This solution architecture ensures that APIs for financial applications are secured against
vulnerabilities while maintaining high performance and scalability. The integration of
technologies like OAuth 2.0, JWT, React.js, and Node.js guarantees compliance with security
standards and provides robust protection of sensitive financial data. By following these best
practices, businesses can deliver a secure, seamless, and trustworthy user experience.

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