Data an Overview of Cybersecurity Threats on Credit Card Companies and Credit Card Risk Mitigation
Fajer Almudaires, Mohammed Amin Almaiah
Abstract
As the increase of the demand on digital financial transactions, the higher the risks are associated with it. This paper examines the largest financial security incidents and then explains in detail some of the major incidents happened as reported by many sources. Then, the paper identified the risk mitigation for credit card companies' solutions by examining a research and some steps written by experts. Credit card security incidents are increasing, and its methods are rapidly evolving. Therefore, it is important for all credit card companies to consider these solutions and in order to mitigate risks and losses.
Topics & Concepts
Credit cardChargebackCredit card fraudCard security codeBusinessOrder (exchange)Computer securityCredit card interestFinanceCredit historyComputer scienceRisk analysis (engineering)PaymentBlockchain Technology Applications and SecurityFinTech, Crowdfunding, Digital FinanceBig Data and Business Intelligence