Contactless payments are quickly becoming ubiquitous – but are they more secure than traditional payment methods? Magnetic stripe cards were all the rage 20 or so years ago, but their security was fragile, and the requirement for signatures often added to the hassle of transactions – not to mention, they lacked data encryption, making them vulnerable … More To tap or not to tap: Are NFC payments safer?
Flaws in Apple Pay and Visa could allow criminals to make arbitrary contactless payments – no authentication needed, research finds. Cybercriminals could make fraudulent purchases by circumventing an iPhone’s Apple Pay lock screen where the device’s wallet has a Visa card set up in so-called transit mode. The attackers could also bypass the contactless limit … More Hackers could force locked iPhones to make contactless payments
Are mobile payments and digital wallets safe? Are the apps safer than credit cards? What are the main risks? Here’s what to know. While cash transactions aren’t going anywhere anytime soon, the convenience of electronic payment solutions has been steadily growing in popularity over the years. According to a recent survey by the US Federal Reserve, … More Mobile payment apps: How to stay safe when paying with your phone
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