Adequate Level Of Security Research Articles

Bezpieczeństwo żywnościowe w państwach arabskich Basenu Morza Śródziemnego

<p>Arabskie kraje basenu Morza Śródziemnego (BMŚ) wykazują pogłębiający się deficyt żywnościowy. Państwa te stały się jednymi z największych w świecie importerów zbóż. Uzależniły się także od importu cukru oraz oleju. Jednocześnie dysponują olbrzymimi zasobami siły roboczej oraz doskonałymi warunkami klimatyczno-glebowymi do produkcji warzyw i owoców, których znaczący deficyt odczuwają państwa Unii Europejskiej (UE). Z kolei UE, dzięki mechanizacji upraw i konsolidacji gospodarstw, może zapewnić po konkurencyjnych cenach dostawę zbóż, cukru i olejów roślinnych, których rosnący niedobór odczuwają państwa Bliskiego Wschodu i Północnej Afryki (MENA). Zapewnienie bezpieczeństwa żywnościowego w krajach arabskich, jak i szerzej ogólnej stabilności regionu, staje się możliwe w wyniku specjalizacji i autentycznej, a nie deklaratywnej integracji produkcji, przetwórstwa i handlu produktami rolnymi pomiędzy krajami po obu stronach BMŚ. Można założyć, iż duże zasoby ziemi, know-how i kapitał, jakie występują w BMŚ, pozwolą zapewnić temu regionowi odpowiedni poziom bezpieczeństwa żywnościowego, a nawet przekształcić go w czołowego eksportera produktów rolnych, których zbyt zapewni dynamika przyrostu liczby ludności. Konieczny jest jedynie odpowiedni poziom determinacji politycznej w doprowadzeniu do autentycznej współpracy w zakresie produkcji i handlu artykułami rolnymi. W realiach kryzysu finansowo-gospodarczego oraz trwających konfliktów zbrojnych w Syrii i Libii, a także pozostałych źródeł niestabilności w regionie BMŚ osiągnięcie takiego śródziemnomorskiego porozumienia w tej dziedzinie będzie jednak utrudnione.</p>

Intrinsic Run-Time Row Hammer PUFs: Leveraging the Row Hammer Effect for Run-Time Cryptography and Improved Security †

Physical Unclonable Functions (PUFs) based on the retention times of the cells of a Dynamic Random Access Memory (DRAM) can be utilised for the implementation of cost-efficient and lightweight cryptographic protocols. However, as recent work has demonstrated, the times needed in order to generate their responses may prohibit their widespread usage. To address this issue, the Row Hammer PUF has been proposed by Schaller et al., which leverages the row hammer effect in DRAM modules to reduce the retention times of their cells and, therefore, significantly speed up the generation times for the responses of PUFs based on these retention times. In this work, we extend the work of Schaller et al. by presenting a run-time accessible implementation of this PUF and by further reducing the time required for the generation of its responses. Additionally, we also provide a more thorough investigation of the effects of temperature variations on the Row Hammer PUF and briefly discuss potential statistical relationships between the cells used to implement it. As our results prove, the Row Hammer PUF could potentially provide an adequate level of security for Commercial Off-The-Shelf (COTS) devices, if its dependency on temperature is mitigated, and, may therefore, be commercially adopted in the near future.

ОЦІНКА РІВНЯ ФІНАНСОВОЇ БЕЗПЕКИ БАНКІВСЬКОЇ СИСТЕМИ ЯК СКЛАДОВОЇ НАЦІОНАЛЬНОЇ ЕКОНОМІКИ УКРАЇНИ

Introduction . Today, the banking has a number of problems that allows us to talk about the systemic crisis of the banking in Ukraine. Therefore, it is necessary to ensure an adequate level of security of the banking through its substantial modernization, which will help to increase the client base of banks and expand the range of banking services, which in turn will allow to increase the level of capitalization of commercial banks and create the basis for a stable and powerful basis of the entire systems of our country . Purpose . The research aims at providing scientific substantiation of theoretical and practical provisions on ensuring an adequate level of security of the banking in Ukraine as a component of the national economy. Methods. Method of theoretical analysis, monographic method, method of generalization, abstract-logical method are used. Results. The article analyzes the role of the banking in the national economy. The key approaches to understanding the essence of the concept financial security of the banking system are determined and the author’s definition is proposed. The structural-logical scheme of achievement of safety of the banking is developed. The types of threats to the security of the banking and their classification have been investigated. The types of risks of the banking were determined and their assessment on a ten-point scale. The analysis of the main indicators of banks activity and economic norms in the banking of Ukraine is carried out. The researches the number of operating banks in Ukraine, total assets of banks, gross loans of individuals and business entities and funds of individuals and business entities. The dynamics of change in net profit (loss) of Ukrainian banks is analyzed. Originality. The security of the banking sector is proposed to understand the state of the banking sector, which promotes the efficient operation of banks and allows for the rapid detection and elimination of potential threats and minimizing the risks that prevent banks from developing normally and perform their functions qualitatively. The list of measures, the implementation of which will contribute to ensuring an adequate level of security of the banking in Ukraine, is developed, namely: to restore profitability of banking activity and stimulate further capitalization of the banking sector; increase requirements for the minimum size of regulatory capital; create conditions for restoring confidence in the banking (to strengthen the protection of the rights of participants in banking activities); to facilitate the activation of deposit and credit activities of banking structures; stabilize the exchange rate of the national currency. Conclusion . The generalization of the results of the study leads to the formation of such conclusions. First, the banking is a component of the national economy. Secondly, the level of economic security of the state depends on the level of security of the banking system. Thirdly, the threats to the security of the Ukrainian banking are extremely high. Fourthly, there is a need to improve the level of security of the banking in Ukraine.

A Discrete Rajan Transform-based robustness improvement encrypted watermark scheme backed by Support Vector Machine

A key challenge in the watermarking methodology is the sturdiness against various kinds of attacks even while upholding adequate level of security. Several watermarking techniques were recently proposed by embedding robust watermark into digital images. In general, most of the algorithms focus only on limited attacks to determine the watermark robustness. This study demonstrates an improved watermarking scheme based on encryption of the watermark image by utilising Discrete Rajan Transform (DRT) which is backed by Support Vector Machine (SVM). The encrypting technique is worked out by splitting the actual image into four segments, followed by shifting every individual row in each segment and employing DRT to calculate coefficients of the new rows. SVM, as a classifier, backs the extraction of the watermark image process by enhancing the watermark image detection with maximum possible correlation. Various original images as well as watermark images were employed to evaluate the proposed scheme. Furthermore, the evaluation process for the performance is conducted by experimenting with various attacks as well with normal operation. The experimental results prove that the proposed scheme results in considerable enhancement of security and robustness, making it ideal for security needed applications.

REVIEW OF THE BOOK WRITTEN AT THE EDITOR OF SYLWIA GWOŹDZIEWICZ AND KRZYSZTOF TOMASZYCKI PT .: "LEGAL AND SOCIAL ASPECTS OF CYBERSIFICATION" ISSUED BY THE INTERNATIONAL INSTITUTE OF INNOVATION "SCIENCE - EDUCATION - DEVELOPMENT" IN WARSAW

In mid-2017, the International Institute of Innovation "Science - Education - Development" in Warsaw published a book entitled "Legal and social aspects of cyber security", written by Sylwia Gwoździewicz and Krzysztof Tomaszycki. This book describes the key issues of cyber security in the context of the aspects of the adjusted legal norms and social determinants of this issue. In this book, the authors indicate that innovations in information technologies permanently determine the tendencies to provide and create various cyber security frameworks. The content of the book shows that with the development of technology, national legal norms should be gradually adapted to international regulations, and in particular to EU law in the area of combating cybercrime and ensuring an adequate level of cyber security. The process of providing information via the Internet and the development of electronic banking generates many threats related to the crime of theft of secret data, interception of confidential information by cybercriminals and impersonation of funds in online banking systems. Therefore, individual entities, including institutions of the financial, public and business sectors, should constantly improve the security systems for remote access to information and transactions carried out via the Internet.

LIGHTWEIGHT ENCRYPTION FOR HIGH EFFICIENCY VIDEO CODING (HEVC)

Video data are being compressed and distributed using one of several coding standards, among which the most recent and popular is the High Efficiency Video Coding (HEVC) standard. The threatening growth of security attacks, on the other hand, has brought security and privacy concerns to the attention of governments and people as well. In the absence of a reliable security system, shared multimedia data used on the public networks such as the internet will continue to be exposed to different types of attacks, making end-to-end encryption for video data a necessity to protect their sensitive information. Therefore, providing a reliable video security technique that complies to and fulfills the requirements of HEVC is pertinent. In this paper, a fast selective encryption approach is developed to provide protection for video bitstreams of HEVC, which can be used in real-time video applications, with low computational overhead and maintaining the standard’s video bit rate. This approach employs the popular Advance Encryption Standard (AES) algorithm to encrypt selected elements in the horizontal intra prediction modes. Experimental evaluations confirm the provision of adequate security level of video information, with no bitrate increase, no increase in computational delay and no additional impact on the compression performance when compared to non-secure techniques, while also achieving a satisfactory trade-off between the encryption reliability, flexibility, and computational complexity. The security level of this method was found to be strongly secure against plaintext and brute force attacks.

Design of a cancelable biometric template protection scheme for fingerprints based on cryptographic hash functions

Enforcing security and privacy guarantees for biometric users via protecting their unique and personalized attributes is an important area of research. There are many properties desirable in a biometric template protection scheme, but unfortunately, all of the requirements are not simultaneously fulfilled. In our work, we have tried to address this issue by proposing a cancelable framework for fingerprints which simultaneously provides satisfactory system performance, strong security guarantees, and fast matching procedure. The core of our scheme essentially pivots around the use of cryptographic hash functions which provide the adequate levels of security in the framework. Prior to the hashing stage, we have employed an effective pre-alignment technique and a hexagonal grid based quantization scheme which allows us to overcome constraint such as intra-class variability. Finally, our scheme is made cancelable through traditional salting. We tested our framework on various fingerprint databases and found that the resulting system performances were comparable with other contemporary cancelable schemes (EERs of 5.8%, 5.3%, 15.8%, 14.5% were observed for FVC2002 DB1, DB2, FVC2004 DB1, DB2 databases under the stolen token scenario). Most importantly, we perfectly fulfill the unlinkability, cancelability and diversity requirements, which are verified both theoretically and empirically.

Geometric distortion correction based robust watermarking scheme in LWT-SVD domain with digital watermark extraction using SVM

With the advent of technology, digital image watermarking turns to be an effective technique to protect digital images from illegal usages and manipulation. In digital image watermarking, one of the major challenges is to provide robustness against geometrical attack maintaining adequate level of imperceptibility and security. In this work, a robust digital image watermarking scheme is proposed based on the combination of lifting wavelet transform(LWT) and singular value decomposition(SVD). To achieve better correlation between the extracted and original watermark, SVM-based binary classification approach is integrated in watermark extraction. In the proposed technique, geometric distortion correction based approach is incorporated with SVM based binary watermark detection to achieve improved robustness against de-synchronization attack. The 3-level LWT is performed on the cover image where horizontal (HL) sub-band is chosen for binary watermark insertion. The training and testing patterns are formed using an optimized set of features along with the singular values of corresponding blocks. In case of de-synchronization attacks, geometrical distortion correction is required before performing watermark extraction. In the detection process, the geometric distortion parameters of the attacked watermarked image are estimated by the geometric correction method. This algorithm provides high robustness against both the geometrical and non-geometrical attacks. It has been observed that the algorithm gives average imperceptibility of ~42.27 dB with the watermark capacity of 512 bits. Experimental results suggest that the proposed watermarking scheme provides significant improvement in terms of robustness and security of the watermark. The subjective analysis also suggests that proposed scheme provides improved performance over some of the recent existing techniques.

Informationssicherheitsrecht. IT-Sicherheitsgesetz und NIS-Richtlinie als Bausteine eines Ordnungsrechts für die Informationsgesellschaft

<bold>Information Security Law</bold> <italic>Towards an Order of the Information Society</italic> Information security is widely considered to be one of the most pressing problems of our time. Since 2015, lawmakers have started to address the issue and have passed legislation in Germany (IT-Sicherheitsgesetz) and the European Union (NIS-Directive), which is supposed to improve information security for operators of essential and digital services. A look beyond the recent statutes reveals that there already exists a large body of rules governing the safety of information networks and data infrastructures. This article analyzes the main challenges faced by information security regulation. It explains why the previous legal regime failed to provide for an adequate level of information security – and why the recent approaches can be expected to be more effective. Especially, IT-Sicherheitsgesetz (ITSiG) and NIS-Directive mark a fundamental change in regulatory scope and strategy as well as a regulatory paradigm shift: So far, information security regulation has focused either on the protection of subjective rights or on the deterrence of and retaliation against deliberate attacks. ITSiG and NIS-Directive, on the contrary, attempt to strengthen the public and private IT infrastructure by creating or introducing institutions and instruments such as expert organizations, certification regimes, and information systems.

ITPMAP: An Improved Three-Pass Mutual Authentication Protocol for Secure RFID Systems

Radio frequency identification (RFID) is a wireless technology used in various applications to minimize the complexity of everyday life. However, it opens a large number of security and privacy issues that require to be addressed before its successful deployment. Many RFID authentication protocols are proposed in recent years to address security and privacy issues, and most of them are based on lightweight cryptographic techniques such as pseudo-random number generators (PRNGs), or bitwise logical operations. However, the existing RFID authentication protocols suffer from security weaknesses, and cannot solve most of the security and privacy problems. A new solution is necessary to address security and privacy issues. In this paper, an improved three-pass mutual authentication protocol (ITPMAP) for low-cost RFID tags is proposed to offer an adequate security level for RFID systems. The proposed ITPMAP protocol uses one PRNG on the tag side and heavy-weighted cryptographic techniques (i.e., digital signature and password-based encryption schemes) on the back-end server side instead of lightweight cryptographic techniques to address the security and privacy issues. The ITPMAP protocol is secure against various attacks such as cloning, spoofing, replay, and desynchronization attacks. Furthermore, as a proof of concept, the ITPMAP protocol is adopted to propose the design of three real-life RFID systems; namely: Signing and Verification of Graduation Certificate System, issuing and verification of e-ticketing system, and charging and discharging of prepaid card system. The Unified Modeling Language is used to demonstrate the design of the proposed ITPMAP protocol and systems. Java language is used for the implementation of the proposed systems. In addition, the “Mifare Classic” tags and readers are used as RFID apparatuses for the proposed systems.

Precariousness in Russia: Attitudes, Work and Life Experience of Young Adults with Higher Education

The purpose of this article is to show how Russian workers with higher professional education who are in precarious employment and live in larger cities perceive the lack of stability in their employment, life, and their prospects, and what influences their decision-making with respect to career. Our analysis is based on evidence from 10 semi-structured in-depth interviews. The method of consensual qualitative research (CQR) is employed. The analysis reveals that standard employment does not seem to offer significant benefits to respondents, because it does not guarantee an adequate level of labor market, income and social security, while it imposes unnecessary obligations with respect to organisation and concomitant constraints. On the contrary, flexible employment allows them to choose the jobs and working conditions that correspond to their lifestyles. The respondents demonstrate high levels of responsibility for the life, as well as high level of risk tolerance. They resort to contingent professional tactics, and have a short-term vision of the future. At the same time, their position is unstable, financially vulnerable, and highly dependent on the amount of resources (mainly economic and social capitals) at their disposal.

EVALUATION OF BUSINESS INVESTMENT OPPORTUNITIES FROM THE VIEWPOINT OF THE SUPPORT OF ITS ECONOMIC SECURITY

Any fundraising, even in the form of investment, could adversely affect the economic security of entrepreneurship; accordingly, the search for optimal ways to assess investment activities from the position of economic security is of particular relevance. The main purpose of this article is to analyze the nature of such concepts as investment opportunities and potential in the context of innovative development with the provision of an adequate level of economic security. We believe that investment potential should be considered from the standpoint of an enterprise – the object of investment and defined as the entity's ability to achieve the desired investment outcome. From this view, investment potential of an enterprise should be evaluated by considering factors of the ability of this enterprise for upgrading, re-equipment, carrying out scientific or technological developments, implementation of new products provided additional sources of funding for these works. Then enterprise investment opportunities should be considered from the perspective of an enterprise – the entity of investment activities and defined as the ability of the entity to use a share of available resources, including profits, for investment activities. From this position, enterprise investment opportunities should be evaluated by distinguishing free resources and directions of their effective allocation. In other words, investment opportunities are the ability to effectively generate investment and capacity – to effectively absorb them. In addition to this, both the allocation of resources share for investment activities and their involvement in the form of liabilities or capital share directly affect the level of enterprise economic security by reducing its quantitative evaluation. During the analysis of the factors for ensuring enterprise economic security, innovative potential and investment opportunities their joint units both in external and internal environment, which became the basis for the development of appropriate valuation methodologies, are allocated. As a result, the method for evaluation of investment potential and investment opportunities of an enterprise, provided that it doesn’t act both as the object and subject of investment process, is completely different. Based on these algorithms it is possible to develop an integrated diagnostic model of innovation and investment activities of an enterprise in the context of its economic security.

Framework for malware analysis in Android

Android is a open source operating system with more than a billion of users, including all kind of devices (cell phones, TV, smart watch, etc). The amount of sensitive data “using” this technologies has increased the cyber criminals interest to develop tools and techniques to acquire that information or to disrupt the device's smooth operation. Despite several solutions are able to guarantee an adequate level of security, day by day the hackers skills grows up (because of their growing experience), what means a permanent challenge for security tools developers. As a response, several members of the research community are using artificial intelligence tools for Android security, particularly machine learning techniques to classify between healthy and malicious apps; from an analytic review of those works, this paper propose a static analysis framework and machine learning to do that classification.

QTL: A new ultra-lightweight block cipher

We propose a new ultra-lightweight block cipher, QTL. The 64 bits block cipher QTL supports 64 and 128 bits keys. To solve the slow diffusion of the traditional Feistel-type structures we have used a new variant of generalized Feistel network structure in design of the QTL. Traditional Feistel-type structures change only half of block messages in an iterative round, but our structure overcomes this disadvantage and changes all block messages. Thus, our structure has the fast diffusion of the Substitution Permutation Networks (SPNs) structures, which improves the security of lightweight block cipher in Feistel-type structures. Moreover, QTL algorithm has the same encryption and decryption processes, so it will occupy less area in resource-constrained applications. Furthermore, to reduce the cost of energy consumption in hardware implementation of the cipher while maintaining security, we decide not to use a key schedule. We show that QTL offers an adequate security level against classic analyses. Our hardware implementation for the 64 and the 128 bits keys modes only require 1025.52 and 1206.52 gate equivalents, respectively. QTL achieves high security and compact implementation in hardware. QTL is one of the most competitive ultra-lightweight block ciphers, which is suitable for extremely constrained devices.

Modeling and optimization of the lightweight HIGHT block cipher design with FPGA implementation

AbstractThe growth of low‐resource devices has increased rapidly in recent years. Communication in such devices presents two challenges: security and resource limitation. Lightweight ciphers, such as HIGHT cipher, are encryption algorithms targeted for low resource systems. Designing lightweight ciphers in reconfigurable platform (e.g., field‐programmable gate array) provides speedup as well as flexibility. The HIGHT cipher consists of simple operations and provides adequate security level. The objective of this research work is to design, optimize, and model FPGA implementation of the HIGHT cipher. Several optimized designs are presented to minimize the required hardware resources and energy including the scalar and pipeline ones. Our analysis shows that the scalar designs have smaller area and power dissipation, whereas the pipeline designs have higher throughput and lower energy. Because of the fact that obtaining the best performance out of any implemented design mainly requires balancing the design area and energy, our experimental results demonstrate that it is possible to obtain such optimal performance using the pipeline design with two and four rounds per stage as well as with the scalar design with one and eight rounds. Comparing the best implementations of pipeline and scalar designs, the scalar design requires 18% less resources and 10% less power, while the pipeline design has 18 times higher throughput and 60% less energy consumption. Copyright © 2016 John Wiley &amp; Sons, Ltd.

Health Fog: a novel framework for health and wellness applications

In the past few years the role of e-health applications has taken a remarkable lead in terms of services and features inviting millions of people with higher motivation and confidence to achieve a healthier lifestyle. Induction of smart gadgetries, people lifestyle equipped with wearables, and development of IoT has revitalized the feature scale of these applications. The landscape of health applications encountering big data need to be replotted on cloud instead of solely relying on limited storage and computational resources of handheld devices. With this transformation, the outcome from certain health applications is significant where precise, user-centric, and personalized recommendations mimic like a personal care-giver round the clock. To maximize the services spectrum from these applications over cloud, certain challenges like data privacy and communication cost need serious attention. Following the existing trend together with an ambition to promote and assist users with healthy lifestyle we propose a framework of Health Fog where Fog computing is used as an intermediary layer between the cloud and end users. The design feature of Health Fog successfully reduces the extra communication cost that is usually found high in similar systems. For enhanced and flexible control of data privacy and security, we also introduce the cloud access security broker (CASB) as an integral component of Health Fog where certain polices can be implemented accordingly. The modular framework design of Health Fog is capable of engaging data from multiple resources together with adequate level of security and privacy using existing cryptographic primitives.

Lightweight and Secure Session-Key Establishment Scheme in Smart Home Environments

The proliferation of current wireless communications and information technologies have been altering humans lifestyle and social interactions—the next frontier is the smart home environments or spaces. A smart home consists of low capacity devices (e.g., sensors) and wireless networks, and therefore, all working together as a secure system that needs an adequate level of security. This paper introduces lightweight and secure session key establishment scheme for smart home environments. To establish trust among the network, every sensor and control unit uses a short authentication token and establishes a secure session key. The proposed scheme provides important security attributes including prevention of various popular attacks, such as denial-of-service and eavesdropping attacks. The preliminary evaluation and feasibility tests are demonstrated by the proof-of-concept implementation. In addition, the proposed scheme attains both computation efficiency and communication efficiency as compared with other schemes from the literature.

Why should security aspects be more seriously considered in development of Serbian tourism industry?

Tourism today is becoming a part of everyday life for millions of people all over the world. According to the Travel&Tourism Competitiveness Report 2013, security is among the critical factors determining the competitiveness of a country's tourism industry. The most common reasons that are usually given are growing threats from terrorist acts, relatively high level of crime in the region and unknown diseases. The World Tourism Organization stated that one of the factors limiting the development of the industry is that issues related to security in tourism are not sufficiently regulated. The statistics show that the vast majority of organizations in tourism infrastructure are operating at a loss due to terrorism and natural disasters. This statement was particularly confirmed after a great decrease of tourist visits to Phuket and New Orleans after the horrible natural disasters (tsunami and hurricane Katrina, respectively). The question which arises in scientific and public community is: ''How to provide an adequate level of security for tourists.'' Tourism is announced as one of the priorities in future development of the Republic of Serbia. The author used the methodology appropriate for social science. The study results have indicated an urgent need for acceptance of a holistic approach to the issue. Tourism industry has to recognize the importance of security in its daily activities and in these efforts needs to closely cooperate with security services on the local and national level.

Performance Improvement of Threshold based Audio Steganography using Parallel Computation

Audio steganography is used to hide secret information inside audio signal for the secure and reliable transfer of information. Various steganography techniques have been proposed and implemented to ensure adequate security level. The existing techniques either focus on the payload or security, but none of them has ensured both security and payload at same time. Data Dependency in existing solution was reluctant for the execution of steganography mechanism serially. The audio data and secret data pre-processing were done and existing techniques were experimentally tested in Matlab that ensured the existence of problem in efficient execution. The efficient least significant bit steganography scheme removed the pipelining hazard and calculated Steganography parallel on distributed memory systems. This scheme ensures security, focuses on payload along with provisioning of efficient solution. The result depicts that it not only ensures adequate security level but also provides better and efficient solution.

SMEs: The Smart Enterprises - Revisited

Small and Medium Enterprises (SMEs) are crucial for the economic growth and stability of any country. By facilitating economic activity and provide employment they play a vital role especially for developing countries for contributing to poverty reduction. SME’s considered as the backbone of Indian economy.The major constraints of SMEs are lack of finance for start-up and working capital, Lack of skilled manpower to manage the production, service and marketing. Lack of Line of credit from the suppliers, inability to use new technology to produce quality products/give service.Most of the banks consider lending to SMEs an unattractive venture due to a range of factors including information asymmetries and consequently high transaction costs, collateral requirement, financial products not meeting SME sector requirements in medium to long term Information asymmetries, due to inefficient legal system and weak governance structures of SMEs, result in higher transaction costs on the supply side. On the demand side we find most of the SMEs tend to shy away from formal modes of financing due to the high cost of credit, lengthy procedures, collateral requirements and lack of awareness about the benefits of corporate governance.External finance cannot be obtained by firms in their start-up phase as their management structures are not transparent and usually have intangible assets. International investors are often reluctant to invest in developing countries because their institutions do not provide an adequate level of security for their investment particularly in terms of enforceability of legal rights and governance framework.MNCs and international investors will be willing to forge partnership with SMEs only when their level of confidence and trust increases regarding transparency and governance of the local partner.Most of the SMEs are family owned enterprises and there is no clarity on the roles resulting in credibility problems and inability to arrive at strategic decisions.Good governance is vital for the development of a healthy and competitive corporate sector. For SMEs, corporate governance is about the respective roles of the shareholders as owners and the managers. It is about establishing rules and procedures to manage and run the enterprise.It has been empirically tested that good governance practices of a company gives a positive signal to investors. With the globalization of markets, international capital flows have become extremely valuable source of external financing.Good corporate governance leads to development of a framework that provides adequate protection to the interests of stakeholders and reinforces the fiduciary responsibilities of those vested with the authority to act on behalf of the stakeholders.This paper would analyze the current status of Indian SMEs and how, the introduction SMART governance frame work can make the SMEs SMART Enterprises.