Strengthening IT security in the card and payments industry: Innovations in fraud prevention, data protection, and regulatory compliance
1 Harbinger group, USA.
2 Wells Fargo, USA.
3 Vanguard, USA.
Research Article
World Journal of Advanced Research and Reviews, 2024, 22(02), 2285-2300
Article DOI: 10.30574/wjarr.2024.22.2.0185
Publication history:
Received on 01 January 2024; revised on 17 May 2024; accepted on 20 May 2024
Abstract:
The current article concerns a dire need to improve IT security in the card and payment industry, especially in innovation in fraud detection, data protection, and compliance. The paper overviews IT security in the sector, analyzes threats of new technologies, and suggests further development of protection approaches and improvements to meet current legislation requirements. Real-life applications and usage are also discussed better to understand this field's issues and related strategies.
Keywords:
Fraud Prevention; Data Protection; Regulatory Compliance; IT Security; Payment Systems; Cybersecurity
Full text article in PDF:
This paper has received CERTIFICATE OF BEST PAPER (Volume 22, Issue 2, Year 2024).
Copyright information:
Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0