Security Concerns in Digital Payments: An Overview

Abstract

The rapid rise in technology has transformed the way payments are made. The digital payment covers a wide array of digital payment methods from contactless payment solutions to mobile apps for consumers and businesses. Despite the many benefits of digital payment, there are also real security concerns that must be addressed. From data breaches and fishing scams to fraudulent activities and malware attacks, these security issues of digital payment pose a significant risk to users. As we increasingly rely on digital payments we must take steps  to ensure that these transactions are secure. Without proper security measures users face the risk. This paper provides an overview of the security concerns of users in digital payment.