Securing Digital Payments in Cambodia's Growing Fintech Ecosystem
Introduction Cambodia’s digital payment adoption has surged, with platforms like Bakong and mobile wallets seeing rapid growth. This brings new security challenges. Payment Security Risks Mobile Payment Threats SIM swap fraud App tampering Fake payment requests Online Banking Risks Credential stuffing Man-in-the-middle attacks Session hijacking POS System Vulnerabilities Skimming devices Malware-infected terminals Weak encryption Security Best Practices For Consumers Enable biometric authentication Use official app stores only Monitor transaction alerts For Businesses Implement PCI DSS standards Tokenization for payment data Regular security assessments For Developers Secure coding practices Penetration testing Fraud detection algorithms Regulatory Requirements National Bank of Cambodia guidelines Two-factor authentication mandates Transaction monitoring rules Future Trends Biometric authentication adoption AI-powered fraud detection Blockchain-based payment security Conclusion As Cambodia’s digital payment ecosystem matures, robust security measures will be crucial for maintaining trust and preventing fraud. ...