What's Happening?
The Better Business Bureau has issued a warning about a new scam targeting holiday shoppers using contactless payment methods. Known as 'ghost tapping,' this scam involves unauthorized transactions made
by fraudsters who exploit vulnerabilities in contactless payment systems. Consumers are advised to be vigilant and take precautions to protect their financial information during the holiday shopping season.
Why It's Important?
The rise of contactless payment methods has increased convenience for consumers but also introduced new security challenges. The warning from the Better Business Bureau highlights the need for heightened awareness and security measures to protect against fraud. As holiday shopping ramps up, consumers and businesses must be proactive in safeguarding financial transactions. This alert may lead to increased scrutiny of payment technologies and push for advancements in security protocols to prevent such scams.
