Banks operating in the country have reported that sending data over an insecure network carries three main security risks, including the following:
Eavesdropping: Moderators eavesdrop on private conversations (a conversation that takes place from one computer to another).
Manipulation: Mediators alter the information exchanged in private communications.
– Impersonation: The sender or recipient communicates using a forged identity document.
The banks explained that this is similar to cases of purchasing goods by postal order over the phone, as mail order shoppers want to make sure that no third party can hear the credit card number (eavesdropping), and no one can enter additional information on the purchase order, delivery address (manipulation), And that the people they’re talking to on the other hand is a mail order service company, not a credit card thief (impersonation).
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