As consumers continue to prefer credit cards over cash—and cryptocurrencies grow in popularity—we’re approaching a future where cash may not exist. While this shift could provide more transparency and make it harder to commit criminal acts, it’s not without its risks.
With financial transactions going completely digital, there will be a greater need for security against hackers. Insurers must rise to the challenge, says author Jason Whalley, managing these cybersecurity risks and bolstering their protections against digital transaction fraud. Read the full article now at The Actuary.