Obtained Ph.D. and Master’s Degrees from the Indian Institute of Technology (IIT), Kharagpur, India in 1994 & 1987 respectively.
Obtained Bachelor’s Degree with Honours from the University of Calcutta, Kolkata in 1985.
Research Interests
Operations Research; Multi-Objective Fuzzy Optimization and Fuzzy Control; Security and Access Control Models; Network Optimization, Mobile Computing and Quality of Service; Mobile Payments; Mobile Governance; Wireless Sensor & IoT Applications, Financial Engineering; Asset Liability Management; Portfolio Optimization.
Courses Taught
Ph.D.
M. Tech., M. Sc., & MCA
PGDBT & B. Tech.
Mobile Computing and Mobile Payment Security
Mobile Security
Software Engineering
Soft Computing in Finance
Quantitative Techniques in Finance
Fuzzy Logic and Fuzzy Programming
Optimization Techniques - I, II, III
Computer Networks
Computer Oriented Optimization Methods
System Modelling and Computer Simulation
Numerical Methods
Multiple Criteria Decision Making
Dynamic Optimization and Control Systems
Mobile Computing and Social Media
Financial Management and Risk Models
Engg. Mathematics -I,II, III
Numerical Techniques
Operations Research
Professional Experience
Professor at IDRBT, since 2011
Associate Professor at IDRBT from 2005-2010
Assistant Professor at IDRBT from 1999-2005
Senior Lecturer at NIT, Trichy, 1998-99
Lecturer at NIT, Trichy, 1993-98
Senior Research Fellow (CSIR) at IIT, Kharagpur, 1990-92
Junior Research Fellow (CSIR) at IIT, Kharagpur, 1987-90.
Executive Education offered in the areas of:
Mobile Banking, Mobile Payments and Mobile Wallets
Mobile Cloud Computing and Mobile Governance
Mobile Services and Security
Mobile Application Development and Security Testing
Wireless, NFC, Sensor and IoT Technologies
Financial Risk Models, ALM and Portfolio Optimization
Grants Received
Mobile Governance Standard Development,2014-16, Rs.10 Lakhs from DeitY, Government of India.
Ph.D. Guidance
Mr.V. Manoj Kumar, Quality of Service and Security Aspects in Mobile Governance, National Institute of Technology, (Dept. of CA, NIT), Tiruchirapalli. In Progress since 2016
Mr.Dorsala Mallikarjun Reddy, Mobile Computing and Security through Blockchains in Mobile Payments, National Institute of Technology, (Dept. of CSE, NIT), Warangal. In Progress since 2015
Mr.Sriramulu Bojjagani, Formal Methods based Mobile Payments Security and Testing, University of Hyderabad, (SCIS-UoH), Hyderabad. In Progress since 2013
Anup Kumar Mourya, User Authentication and Key Establishment in Wireless Sensor Networks for Banks, University of Hyderabad, Enrolled in 2013
Nenavath Srinivas Naik, Scheduling Approaches to enhance Map-Reduce Performance in Heterogeneous Networks, University of Hyderabad, Submitting Thesis in 2016
Mr.V. Madhusudan Rao, Feature Selection and Dimensionality Reduction Methods, Osmania University, (Dept. of CSE-OU), Hyderabad. To be Submitted in 2018
Dr.Nenavath Srinivas Naik, Scheduling Approaches to enhance Map-Reduce Performance in Heterogeneous Networks, University of Hyderabad, (SCIS-UoH), Awarded in 2017
Dr.Akther Mohiuddin Rather, Neural Networks and Genetic Algorithms based Approach for Stock Prediction and Portfolio Selection, University of Hyderabad, (SCIS-UoH). Awarded in 2016
Dr.Sheikh Shakeel Ahamad, Design of Protocols for Secure Mobile Payments and their Formal Verification, University of Hyderabad, (SCIS-UoH), Awarded in 2014
Dr.A.Kavitha, Efficient Approaches to Mutual Authentication and Key Agreement Protocols in Wireless Communication Networks, University of Hyderabad, (SCIS-UoH), Hyderabad. Awarded in 2013
Dr.G.Geetha Kumari, Grid Computing Security through Access Control Modelling, University of Hyderabad, (SCIS-UoH), Hyderabad. Awarded in 2010
Dr.Madhubala Kadavayar, Fuzzy and Neuro-Fuzzy Control Techniques for Liquid Level Control in a Conical Tank, National Institute of Technology, Bharathidasan University, (Dept. of Phy. NIT). Tiruchirappalli. Awarded in 2004
Dr.S. Ismail Mohiuddin, Some New Algorithms for Multiple Objective Shortest Path Problems, National Institute of Technology, Bharathidasan University (Dept. of MCA., NIT), Tiruchirappalli Awarded in 2004.
Achievements
Received CSIR Individual Fellowship Award
Best Teacher Award
Youngest Researcher Award in Conference
Founded the Mobile Payment Forum of India (MPFI)
Founded the Mobile Banking Security Lab (MBSL) & Centre for Mobile Banking (CMB), IDRBT
Chaired the Expert Committee on Mobile Governance, MEITY, GoI and Submitted the Report - “Mobile Governance Standard”
Chaired the Technical Advisory Group (TAG), DCIM, RBI
Published over 80 Research Papers in Reputed International Journals, Conferences & Books.
Guided over 100 Post Graduate and Graduate Students Projects.
Chaired Sessions in Various Conferences: ICISS, IC-MCDM, INC, ACODS, FANCCO, MIWAI etc.
Chairman, Expert Committee on Mobile Governance Standard, MEITY, GoI
Technical Member of the Sub-Group on Cyber Security for Mobile Banking, RBI
PRSG member of several projects of Ministry of Electronics and Information Technology (MEITY) & Ministry of Finance (MoF), Govt. of India.
Others
Member of Board of Studies in Computer Science at Central University of Hyderabad, Osmania University-Hyderabad, JNTU-Hyderabad, Madras University and NIT, Trichy
Reviewer of Several International Journals (such as JOTA, EJOR, MR) and International Conferences (such as ICDCIT, ICIT, IICAI)
Ph. D. Examiner of Several Universities and Institutions such as IIT-Bombay, IIT-Madras, Jadavpur University, Bharathidasan University, Karaikudi University, etc.
Technical Consultant to Banks and Technical Expert in several committees of RBI
Delivered over 100 invited lectures in several Institutions in India (including top 5 IITs) and Abroad (University of California - Berkeley, Georgia Institute of Technology-Atlanta, Florida International University-Miami, University of Marietta-Atlanta, University of Albany, Drexel University, George Mason University, University of Virginia in USA; University of Plymouth-UK; University of Lavel at Quebec- Canada; University of Melbourne-Australia; Singapore, South Africa, Brazil, etc.)
Executive Secretary of the Mobile Payment Forum of India (MPFI) since 2007 till date.
Recent Publications
Journals
Nenavath Srinivas Naik, Atul Negi, and V. N. Sastry, "Improving Straggler Task Performance in Heterogeneous MapReduce Framework Using Reinforcement Learning", International Journal of Big Data Intelligence (IJBDI), (Accepted & Appearing in 2018)
A. M. Rather, V.N.Sastry and A.Agarwal, "Stock Market Prediction and Portfolio Selection Models: A Survey", OPSEARCH, Springer, Vol.54, No.3, pp.558-579, 2017
Sriramulu Bojjagani, V.N.Sastry, "A Secure End-to-End SMS-based Mobile Banking Protocol", International Journal of Communication Systems (IJCS), Wiley, Vol. 30, No. 15, pp.1-19, 2017
Maurya, A.K. and Sastry, V.N, "Fuzzy Extractor and Elliptic Curve Based Efficient User Authentication Protocol for Wireless Sensor Networks and Internet of Things", International Journal of Communication Systems (IJCS), Information, MDPI, Vol. 8, No.4, pp. 1-38, 2017
Akhter Mohiuddin Rather, Arun Agarwal and V.N. Sastry, "Recurrent Neural Network and a Hybrid Model for Prediction of Stock Returns", Expert Systems with Applications Journal, Vol. 42, Issue 6, pp. 3234-3241, 2015
Shaik Shakeel Ahamad., V. N. Sastry and Siba K. Udgata, "A Secure and Optimized Proximity Mobile Payment Framework with Formal Verification", International Journal of E-Services and Mobile Applications, Vol.6, No.1, pp.66-92, 2014
Ahamad, S.S., Sastry, V.N. and Udgata, S.K., "Secure Mobile Payment Framework based on UICC with Formal Verification", International Journal of Computational Science and Engineering, (Special Issue on Future Trends in Security Issues in Internet and Web Applications), Vol. 9, No. 4, pp.355-370, 2014
Kavitha Ammayappan, Atul Negi and V.N.Sastry, "New Route Discovery Design for Routing Misbehavior Prevention in Multi-hop Wireless Sensor Networks", International Journal of Autonomous and Adaptive Communication System (Special Issues on Recent Advances in Wireless Sensor Networks: Trust, Reputation, Security and Privacy), Vol. 7, No.3, pp.211-238, 2014
Ahamad, S.S., Sastry, V.N. and Udgata, S.K.,"A Secure Mobile Payment Framework in MANET Environment", International Journal of E-Business Research, Vol.9, No.1, pp.54-84, 2013
K. Karun Kumar and V. N. Sastry, "A New Algorithm to Compute Pareto-Optimal Paths in a Multi Objective Fuzzy Weighted Network", OPSEARCH (Springer Journal), Vol.50, No.3, pp. 297-318, September 2013
Shaik Shakeel Ahamad., Sastry, V.N. and Udgata, S.K., "A Secure Mobile Wallet Framework with Formal Verification", International Journal of Advanced Pervasive and Ubiquitous Computing (IJAPUC), Vol.4, No.2, pp.1-15, 2012
Ahamad, S.S., Sastry, V.N. and Udgata, S.K., "Secure and Optimized Mobile based Merchant Payment Protocol using Signcryption", International Journal of Information Security and Privacy, Vol.6, No.2, pp. 64-94, 2012
Shakeel Ahmed Shaik, Udgata S.K., Sastry V.N., "A New Mobile Payment System with Formal Verification", International Journal of Internet Technology and Secured Transactions (IJITST), Vol. 4, No. 1, pp.71–103, 2012
Kavitha Ammayappan, V.N.Sastry and Atul Negi, "A New Secure Route Discovery Protocol for MANET to Prevent Hidden Channel Attacks", International Journal of Network Security, Vol.14, No.3, pp.121-141, May 2012
Kavitha Ammayappan, Atul Negi, V. N. Sastry and Ashok Kumar Das, "A New ECC based Two Party Authenticated Key Agreement Protocol for MANETs", Journal of Computers, Vol. 6, No. 9, pp. 2408-2416, 2011.
Conferences
Sriramulu Bojjagani and V.N.Sastry, "VAPTAi: A Threat Model for Vulnerability Assessment and Penetration Testing of Android and iOS Mobile Banking Apps", 3rd IEEE International Conference on Collaboration and Internet Computing (IEEE CIC 2017), San Jose, California, USA. pp. 77-86, October 15-17, 2017
Maurya, A.K and Sastry, V.N., "Secure and Efficient Authenticated Key Exchange Mechanism for Wireless Sensor Networks and Internet of Things using Bloom Filter", 3rd IEEE International Conference on Collaboration and Internet Computing (IEEE CIC 2017), San Jose, California, USA, pp.173-180, October 15 - 17, 2017
Maurya, A.K., Sastry, V.N., "User Authentication Scheme for Wireless Sensor Networks and Internet of Things using Chinese Remainder Theorem", 5thInternational Symposium on Security in Computing and Communications, Manipal, India, pp. 1-16, September 13-16, 2017. (Got Best Paper Award)
Sriramulu Bojjagani and V.N.Sastry, "STAMBA: Security Testing for Android Mobile Banking Apps", 2nd International Symposium on Signal Processing and Intelligent Recognition Systems (SIRS 2015), Trivandrum, India, pp. 671-683, December 16-19, 2015
Sriramulu Bojjagani, V.N.Sastry, "SSMBP: A Secure SMS-based Mobile Banking Protocol with Formal Verification", 11th IEEE International Conference on Wireless and Mobile Computing, Networking and Communications,(WiMob-2015), Abu Dhabi, UAE, pp. 252-259, October 19-21, 2015
Nenavath Srinivas Naik, Atul Negi, and V. N. Sastry, "Enhancing Performance of MapReduce Framework in Heterogeneous Environments", 21st IEEE International Conference on Advanced Computing and Communications (ADCOM), IIT Madras, India, pp.51–54, September 2015
Anup Kumar Maurya, V.N.Sastry and S.K. Udgata, "Cryptanalysis and Improvement of ECC-based Security Enhanced User Authentication Protocol for Wireless Sensor Networks", 3rdInternational Symposium on Security in Computing and Communications (SSCC'15), Springer CCIS 536, pp. 134–145, Kochi, August 10-13, 2015.
Nenavath Srinivas Naik, Atul Negi and V. N. Sastry, "Enhancing the Performance of MapReduce Default Scheduler by Detecting Prolonged Task Trackers in Heterogeneous Environments", 2nd International Conference on Computer and Communication Technologies (IC3T), CMR Tech., Hyderabad, India, Springer, pp. 225–233, July 2015
Nenavath Srinivas Naik, Atul Negi and V. N. Sastry, "Performance Improvement of MapReduce Framework by Identifying Slow Task Trackers in Heterogeneous Hadoop Cluster", 3rd International Conference on Advanced Computing, Networking, and Informatics (ICACNI), KIIT, Bhubaneswar, India, Springer, pp.465–473, June 2015
Nenavath Srinivas Naik, Atul Negi, and V. N. Sastry, "Performance Improvement of MapReduce Framework in Heterogeneous Context using Reinforcement Learning", 2ndInternational Symposium on Big Data and Cloud Computing Challenges (ISBCC),VIT Chennai, India, Procedia Computer Science, Elsevier, Volume 50, pp.169–175, March 2015
Book Chapters
V.N.Sastry, "Voice Based Authentication",IDRBT Staff Paper Series on Biometrics, Vol.3, No.1, pp.54-101, October 2017
V.N.Sastry, "Mobile Cloud Computing",IDRBT Staff Paper Series on Cloud Computing, Vol.2, No.2, pp.58-89, January 2017
V. N. Sastry,"Risks in Mobile Banking", Risk Management: The New Accelerator, Editors: Dr. B. Yerram Raju and Narsimharao Venuturapalle, Konark Publishers, pp.155-161, 2013
V. N. Sastry, "Basics of Financial Risk Management", Financial Risk Management, Editors: Dr. S. Mallikharjuna Rao, School of Management Studies, Central University of Hyderabad, DBM, No.430, pp.10-25, 2006
V. N. Sastry, "Forecasting Techniques", Financial Risk Management, Editors: Dr. S. Mallikharjuna Rao, School of Management Studies, Central University of Hyderabad, DBM, No.430, pp.26-42, 2006.