Entrust Identity On Blog
As banks leverage technologies like online banking and mobile payments, hackers seek to exploit these methods. Fighting cyber-based financial fraud means institutions need to roll out robust prevention measures.
The future of payment is now. With the growing deployment of EMV smart card solutions, we’re finally moving away from traditional — and highly vulnerable — cards and toward a solution that makes it very challenging for credit card fraud to be carried out. This is a vital step forward in the realm of payments, and one that couldn’t come sooner, given the frequency of credit card-based attacks, and the growing sophistication of cybercriminals who attempt to carry out these intrusions.