This blog was originally posted on Cybernews, 21 May 2022
Technological innovations and sophisticated digital solutions have transformed the way we make transactions today. The emergence of digital wallets, auto-renewing subscriptions, and contactless card payments allows users to complete transactions instantly.
However, similar to every other innovation, frictionless payments carry their own risks. We can see an increase in malicious threat actors carrying out advanced phishing attacks on users to gain financial benefits. So it’s essential that security would stand at the forefront of all types of digital payment options.
For this reason, Cybernews talked with Tom Pilling, the Chief Risk Officer at Trust Payments – a company that ensures seamless commerce experiences, about the latest cyberthreats surrounding online banking and the best practices to secure frictionless payment methods.