Generolo Jono Žemaičio Lietuvos karo akademija

At the heart of any banking system, there is the provision of payments. Payments can be made via fiat or crypto currencies, bank credit or deposits, or fund transfers on the books of non-bank payment providers. When using payment systems, security and protection of people and property are extremely important, especially in relation to cyberterrorism. The purpose of cybercrime is to gain material benefit using IT systems, while its targets can be both business and political actors. The focus of this article is on a profound analysis of extracted factors which would be necessary for achieving a comprehensive understanding and depiction of users’ behaviours and risks in the field of security of payment instruments as well as technologies aimed at improving intermediated retail payment transactions.

User identifiers for financial transactions are widely used for personal identification numbers (PINs). PIN numbers are deposited at ATMs, card payments at POS terminals and electronic banking services. Bank card (ATM) credit card fraud has dramatically increased over the last decade. When analyzing the most common attacks and the reasons for successful frauds, it is clear that the main problem is PIN authentication, which itself does not produce any security features (except for the use of stars). This means that security is based solely on user behaviour. Research has focused on areas where personal protection and security is most failing, and that’s where the user is carrying a PIN along with a credit card, whether he or she changed the PIN on the payment card, and whether the PIN does not specify the date or year of his birth.