There is an ever surging increase in the rate of financial crime using the credit card.Traditional magnetic-stripe-only cards ,generally used, are relatively simple to use but also simple to copy for fraudulent means.
Recently, banks have begun issuing so-called "smart cards" that include a microprocessor chip to authenticate, identify and enhance security. But regardless of how complex the code or how many layers of security, the problem remains that an attacker who obtains the information stored inside the card can copy or emulate it.
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