International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Call for Papers | Fully Refereed | Open Access | Double Blind Peer Reviewed

ISSN: 2319-7064

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Informative Article | Computer Technology | India | Volume 10 Issue 8, August 2021 | Rating: 5.3 / 10

An In - Depth Analysis of Cybersecurity Frameworks for Payment Applications

Sridhar Mooghala [4]

Abstract: Purpose: The essay looks at the most important problem of digital payments by considering a broad range of cybersecurity frameworks used in payment applications. By analyzing the multiple challenges posed by digital settlement, the purpose is accomplished while also elucidating the crucial role that strong cybersecurity plays in mining them. Method: The research is based on a literature review of existing literature, qualitative case studies, and an analysis of actual cybersecurity in digital payments. Through a synthesis of different information sources, construction of the complexity existing in securing digital payments through a variety of cybersecurity architecture and technologies is a necessity. Findings: The research establishes major digital payments? security concerns such as identity theft, personal info leaks, and frauds, then it evaluates top cybersecurity techniques, like digital signature, tokenization, multi - factor authentication and vital requirements of regulatory bodies? compliance, taking an example of two highly successive digital payment and electronic payments Pursuits - Apple Pay and Google Pay project. Unique Contribution to Theory, Practice, and Policy: It contributes to existing research scholarship by synthesizing insights into a single narrative that articulates meta - concept to mean a practice that combines popular cases and evidenced frameworks into a practical road map for stakeholders of the payment ecosystem. Secondly, it contributes to policy discourse by taking a call - to - action stance on collaborative approaches, user education, and ethics in digital payment security.

Keywords: Tokenization, Transport Layer Security, Cybercrime, Encryption, Tokenisation, Fraud, Phishing, Payment, Multi - Factor Authentication, Secure Sockets Layer

Edition: Volume 10 Issue 8, August 2021,

Pages: 1250 - 1254

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