One Article Review
| Source |  AlienVault Blog |
|---|---|
| Identifiant | 2088696 |
| Date de publication | 2020-12-10 11:00:00 (vue: 2020-12-10 11:12:18) |
| Titre | How have digital transactions become safer? |
| Texte |
Image Source: Andrea Piacquadio from Pexels
This blog was written by an independent guest blogger.
With the emergence of cryptocurrencies and massive online marketplaces, keeping your financial information private is a bigger concern than ever. In addition to these new and developing areas, in-person purchasing with debit and credit cards continues to grow. From debit transactions to cryptocurrency, millions of transactions are made daily, and it is cybersecurity experts’ jobs to keep us safe.
The symbiotic nature of technology and digital transactions means that as we develop more ways to spend money, experts find more ways to make transactions safe. Improvements in blockchain technology, decision analytics, and even debit and credit cards have made this more possible than ever. The creation of alternative currencies has pushed blockchain development forward, helping to ensure the safety of not only online transactions but financial transactions in general.
The implementation of EMV chip technology is a major step in the world of digital and in-person transactions. With the use of EMV chips, using credit and debit cards become more secure than ever. So how have all of these advances combined to make digital transactions safer?
Security and cryptocurrency
Bitcoin, the first cryptocurrency, was developed in 2009. Other types of currency have emerged online in the last decade, but all of them exist within a volatile market, with its value and applications fluctuating at a high rate. Existing only in the realm of online markets, cryptocurrency and its ever-increasing popularity have had a distinct effect on security for all digital transactions.
Blockchain technology is the basis for creating a cryptocurrency. Blockchain databases are built so that each new piece of data that is added — such as financial data and personal details — is put into its own “block.” When the next piece of data is added, it makes a new block, which is “chained” to the previous one. This creates a clear chronological timeline with securely stored pieces of information. Information stored this way is accessible, transparent, and easily tracked. This increased security and high-trust technology make cryptocurrency transactions safe and secure.
The use of high-trust, high-security blockchain technology in financial transactions has contributed to the future of cryptocurrency as it becomes more available to the general public. Already, cryptocurrency has given more people access to safe, secure money. When this is combined with other cybersecurity tactics and theories, experts are in an excellent position to secure digital transactions.
PINs and EMV chips
PINs and signatures have been the mainstay of US transaction security for a long time. For credit cards, signatures are required, and with debit cards, a pri |
| Envoyé | Oui |
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