For your additional piece of mind, debit cards supplied by banks often include a unique security number on the back of the card. (PINs). The standard format for these personal identification numbers, sometimes known as PINs, is four digits. There is a link that is encrypted between ATMs and the servers that verify the transactions made with debit and credit cards. When it comes to protecting the personal information of their clients, financial institutions need to use encryption as well as ad hoc management solutions. Kindly offer further information on the rationale for taking this action, thank you.

icon
Related questions
Question

For your additional piece of mind, debit cards supplied by banks often include a unique security number on the back of the card. (PINs). The standard format for these personal identification numbers, sometimes known as PINs, is four digits. There is a link that is encrypted between ATMs and the servers that verify the transactions made with debit and credit cards. When it comes to protecting the personal information of their clients, financial institutions need to use encryption as well as ad hoc management solutions. Kindly offer further information on the rationale for taking this action, thank you.

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Encryption and decryption
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, cybersecurity and related others by exploring similar questions and additional content below.