Digital Payment Systems Cyber Security!
Cyber security is an important aspect of any financial remains to be the impotent part to protect the transaction nature on the internet with the means of online payment systems. With traditional cash transactions being replaced by digital payments, securing sensitive financial data is extremely important. The ever-evolving threat posed by cybercriminals who exploit weaknesses in payment systems necessitates the implementation of stringent security protocols by businesses and individuals alike. Significance of Cyber Security in E-Payments → Cyber Security in Digital Payment Systems: To prevent fraud, data breaches and identity theft. Each transaction passes sensitive financial data, like credit card numbers, bank account information, and personal identification information. However, without adequate security, hackers can intercept these transactions, resulting in financial loss and theft of personal data. AACR Cyber Threats in Digital Payments Phishing Attacks – These are the scheme ...