Analysis of Cyber Security Threats in Payment Gateway Technology

There has been a meteoric rise in the use of online payment systems recently. Multiple e-payment systems exist, each designed to provide the highest degree of security while maintaining the greatest possible convenience for online shoppers. Cyber-attack techniques, on the other hand, are developing...

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Bibliographic Details
Published in2023 3rd International Conference on Advance Computing and Innovative Technologies in Engineering (ICACITE) pp. 793 - 799
Main Authors Sharma, Hari Prapan, Krishna, Somanchi Hari, R, Vijay Prakash, Tiwari, Mohit, Tiwari, Tripti, Kumar, Madarapu Naresh
Format Conference Proceeding
LanguageEnglish
Published IEEE 12.05.2023
Subjects
Debit Cards
E-Commerce
E-Payment
Financial Frauds
Fraud
Logic gates
Online banking
QR code
Security
Smart cards
Stakeholders
Surveys
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Summary:There has been a meteoric rise in the use of online payment systems recently. Multiple e-payment systems exist, each designed to provide the highest degree of security while maintaining the greatest possible convenience for online shoppers. Cyber-attack techniques, on the other hand, are developing at the same rapid pace as security mechanisms. The authors of this paper examine the history of electronic payment systems, from the development of the corresponding language through the emergence of today's standard electronic payment systems. It also reveals a lack of security measures and approaches to fixing the problem. The current survey research makes a significant contribution by outlining the state of the electronic payment system framework and the possibilities it presents for the development of e-commerce in the future. The rates of suspicious purchases, which will serve as a yardstick in the creation of a trustworthy e-payment system, have been briefly discussed and analyzed.
DOI:10.1109/ICACITE57410.2023.10183063