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⍰ ASK How does an EMI adapt security procedures for emerging technologies like IoT in financial transactions?

cryptohunter

cryptohunter

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In an Electronic Money Institution (EMI), modifying security procedures to accommodate emerging technologies like IoT in financial transactions requires a proactive and flexible strategy. Security measures are upgraded to tackle the distinctive obstacles presented by IoT devices, such as possible weaknesses and the expanded target area. Encryption and verification protocols are customized to guarantee the secure communication of IoT devices with the financial structure. Regular risk evaluations and cooperation with cybersecurity specialists aid EMOs in staying ahead of emerging risks, promoting a secure fusion of IoT technologies into financial transactions.
 

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