📌 Secure Transaction Protocols Summary
Secure transaction protocols are sets of rules and procedures that ensure information exchanged during digital transactions is protected from unauthorised access or tampering. They use encryption and authentication methods to keep payment details, personal data, and communication private and accurate. These protocols are essential for safe online banking, shopping, and any activity where sensitive information is shared over the internet.
🙋🏻♂️ Explain Secure Transaction Protocols Simply
Think of secure transaction protocols as a locked, tamper-proof envelope for your important letters. Only the person with the right key can open it and read the contents, so your message stays safe from prying eyes. When you buy something online or send money digitally, these protocols make sure your information cannot be stolen or changed along the way.
📅 How Can it be used?
Secure transaction protocols can be used to safely process online payments in an e-commerce website.
🗺️ Real World Examples
When you use your credit card to buy something from an online shop, secure transaction protocols like SSL or TLS encrypt your payment details. This means that even if someone intercepts the data while it is being sent, they cannot read or misuse your information.
Banks often use secure transaction protocols in their mobile apps to protect customers when transferring money or accessing account information, ensuring that only the account holder and the bank see the sensitive details.
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