Spotlight Session: Balancing Security vs. Convenience Through Contactless Payment: A CISO's Challenge
In the move to contactless payments, organizations must take essential steps to carefully balance the level of security versus customer convenience to guard against fraudulent financial transactions.
Businesses want ease of payments to attract customers. But are we compromising on security to make it easy for consumers? What are the new authentication standards emerging to provide an advanced level of security? How much does tokenization and dynamic coding help in ensuring a secure transaction? What are the essential steps a CISO needs to take to be a business enabler in ensuring a secure transaction?
This session discusses:
- How new technologies such as NFC, AI and ML are bridging the security gaps;
- Securing transactions with the use of analytics and advanced fraud monitoring systems;
- Payment standards for contactless and effectiveness of EMV.