Near-Field Communication (NFC) Cyber Threats and Mitigation Solutions in Payment Transactions: A Review
Today, many businesses use near-field communications (NFC) payment solutions, which allow them to receive payments from customers quickly and smoothly. However, this technology comes with cyber security risks which must be analyzed and mitigated. This study explores the cyber risks associated with N...
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| Format: | Article |
| Language: | English |
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MDPI AG
2024-11-01
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| Series: | Sensors |
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| Online Access: | https://www.mdpi.com/1424-8220/24/23/7423 |
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| _version_ | 1850060357666603008 |
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| author | Princewill Onumadu Hossein Abroshan |
| author_facet | Princewill Onumadu Hossein Abroshan |
| author_sort | Princewill Onumadu |
| collection | DOAJ |
| description | Today, many businesses use near-field communications (NFC) payment solutions, which allow them to receive payments from customers quickly and smoothly. However, this technology comes with cyber security risks which must be analyzed and mitigated. This study explores the cyber risks associated with NFC transactions and examines strategies for mitigating these risks, focusing on payment devices. This paper provides an overview of NFC technology, related security vulnerabilities, privacy concerns, and fraudulent activities. It then investigates payment devices such as smartphones, contactless cards, and wearables, highlighting their features and vulnerabilities. The study also examines encryption, authentication, tokenization, biometric authentication, and fraud detection methods as risk mitigation strategies. The paper synthesizes theoretical frameworks to provide insights into NFC transaction security and offers stakeholder recommendations. |
| format | Article |
| id | doaj-art-fd0f71ba66f34558b5db0aa4aa42924b |
| institution | DOAJ |
| issn | 1424-8220 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Sensors |
| spelling | doaj-art-fd0f71ba66f34558b5db0aa4aa42924b2025-08-20T02:50:36ZengMDPI AGSensors1424-82202024-11-012423742310.3390/s24237423Near-Field Communication (NFC) Cyber Threats and Mitigation Solutions in Payment Transactions: A ReviewPrincewill Onumadu0Hossein Abroshan1School of Computing and Information Sciences, Anglia Ruskin University, Cambridge CB1 1PT, UKSchool of Computing and Information Sciences, Anglia Ruskin University, Cambridge CB1 1PT, UKToday, many businesses use near-field communications (NFC) payment solutions, which allow them to receive payments from customers quickly and smoothly. However, this technology comes with cyber security risks which must be analyzed and mitigated. This study explores the cyber risks associated with NFC transactions and examines strategies for mitigating these risks, focusing on payment devices. This paper provides an overview of NFC technology, related security vulnerabilities, privacy concerns, and fraudulent activities. It then investigates payment devices such as smartphones, contactless cards, and wearables, highlighting their features and vulnerabilities. The study also examines encryption, authentication, tokenization, biometric authentication, and fraud detection methods as risk mitigation strategies. The paper synthesizes theoretical frameworks to provide insights into NFC transaction security and offers stakeholder recommendations.https://www.mdpi.com/1424-8220/24/23/7423NFCNFC-enabled devicesdigital money transactionsRFIDEMV cardscyber risks |
| spellingShingle | Princewill Onumadu Hossein Abroshan Near-Field Communication (NFC) Cyber Threats and Mitigation Solutions in Payment Transactions: A Review Sensors NFC NFC-enabled devices digital money transactions RFID EMV cards cyber risks |
| title | Near-Field Communication (NFC) Cyber Threats and Mitigation Solutions in Payment Transactions: A Review |
| title_full | Near-Field Communication (NFC) Cyber Threats and Mitigation Solutions in Payment Transactions: A Review |
| title_fullStr | Near-Field Communication (NFC) Cyber Threats and Mitigation Solutions in Payment Transactions: A Review |
| title_full_unstemmed | Near-Field Communication (NFC) Cyber Threats and Mitigation Solutions in Payment Transactions: A Review |
| title_short | Near-Field Communication (NFC) Cyber Threats and Mitigation Solutions in Payment Transactions: A Review |
| title_sort | near field communication nfc cyber threats and mitigation solutions in payment transactions a review |
| topic | NFC NFC-enabled devices digital money transactions RFID EMV cards cyber risks |
| url | https://www.mdpi.com/1424-8220/24/23/7423 |
| work_keys_str_mv | AT princewillonumadu nearfieldcommunicationnfccyberthreatsandmitigationsolutionsinpaymenttransactionsareview AT hosseinabroshan nearfieldcommunicationnfccyberthreatsandmitigationsolutionsinpaymenttransactionsareview |