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Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Contactless Payment Security

Contactless Payment Security
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Author(s): Ana Kuzmanovska (Online International Marketing, Serbia)
Copyright: 2022
Pages: 14
Source title: Fighting for Empowerment in an Age of Violence
Source Author(s)/Editor(s): Milica Boskovic (Faculty of Diplomacy and Security, University Union Nikola Tesla, Serbia), Gordana Misev (Ministry of Mining and Energy Republic of Serbia, Serbia)and Nenad Putnik (Faculty of Security Studies, University of Belgrade, Serbia)
DOI: 10.4018/978-1-6684-4964-6.ch015

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Abstract

The introductory part of the chpater refers to the expansion of digital payments as a consequence of the spread of coronavirus and measures to protect the population. A detailed but not too broad definition of cryptocurrencies also describes the legal background, comparing digital money with traditional monetary obligations and classic money. In the field of use of Bitcoin, the pros and cons are accompanied by standard payment cards – functionality and risks, including potential frauds with payment cards. Through the instant payment solution, the authors come to digitalization, and various forms of abuse in practice – from charity scams and crypto heists to the Russian-Ukrainian war, which seemed to take away the coronavirus and flood the world with the virus of aggression and despair. Although the battle against the virus took place on the ground at the time this work began, and war-torn Ukraine stole the focus, civilians from all parts of the world appear to be the biggest victims of virtual violence.

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