They have six months banks for taking supplements Security measures V electronic transactions of their clients and don’t burden yourself phishing for amounts over 1000 euros.

This is provided for in a bill passed by Parliament that exempts banks from compensating their customers for amounts in excess of €1,000 stolen from their accounts or their means of payment, such as debit or credit cards, in an electronic transaction, even in cases of gross negligence. The condition for this exemption is to demonstrate that they have and implement “additional, efficient, and more sophisticated transaction control mechanisms.” These may be “control mechanisms using artificial intelligence technologies, additional codes, or biometric identification or phone verification.”

The order of the Ministry of Development indirectly obliges banks to quickly adapt to 3-factor authentication, i.e. the obligation to confirm the transaction by three criteria instead of the two provided for today, i.e. pin and one time password (OTP) or password and OTP, which are now required for every transaction in order for these transactions to be considered “authorized”.

Additional security criteria can be the use additional one-time password, use of QR code which will be sent to the mobile phone when someone tries to make a transaction through internet or mobile banking, IBAN check (IBAN check) or Recipient confirmation. Beneficiary Verification is the most modern way to ensure that money sent through a bank account actually reaches the recipient’s IBAN, and is not sent to an unknown bank account of a person acting as a “steamboat” of a local or international spiral that connects to bank accounts without anything suspicious consumers. IBAN Verification or Receiver Verification (already implemented in countries such as the UK) is nothing more than checking during a transaction that the account to which the money is being sent really belongs to the one we are sending it to, for example. to the school we want or the professional we want to pay, not to some exotic account whose owner we can’t identify at the critical moment of the deal.