Transaction Security
Transaction security is a set of principles, protocols, and technologies designed to protect financial or data transactions from unauthorized access, fraud, and errors. It ensures the confidentiality, integrity, and authenticity of transactions as they are processed, transmitted, and stored. This concept is critical in domains like e-commerce, banking, and digital payments to prevent threats such as data breaches, identity theft, and financial losses.
Developers should learn transaction security when building applications that handle sensitive data, such as payment systems, online banking, or e-commerce platforms, to comply with regulations like PCI DSS and protect user trust. It's essential for implementing secure authentication, encryption, and fraud detection mechanisms to mitigate risks like man-in-the-middle attacks or data tampering. Mastery of this concept helps in designing robust systems that safeguard transactions from inception to completion.