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Spike In Cashless Payments: Evolution in Payments Security in the Post-COVID Era

Spike In Cashless Payments: Evolution in Payments Security in the Post-COVID Era

Organizations in India need to ramp up their authentication efforts in light of a 60% increase in cashless transactions since the start of the COVID-19 pandemic, which has led to increases in attempted fraud.

See Also: Cybersecurity workforce development: A Public/Private Partnership that enhances cybersecurity while giving hands-on SOC experience to students

The big challenge or threat in the current work-from-home environment is that hackers use phishing and other social engineering methods to trick users into providing confidential data, such as credit card numbers, social security numbers, account numbers, or passwords.

The session discusses:

  • Key security steps in light of the movement to digital transactions;
  • Using AI & ML to reduce risk using new algorithms to detect threats;
  • New forms of authentication methods to detect real-time risks.

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