What is the importance of user authentication in online transactions? 🔊
User authentication in online transactions is crucial for ensuring the security and integrity of sensitive personal and financial information. Strong authentication methods, such as passwords, biometrics, or multi-factor authentication, verify the identity of users before granting access. This process helps prevent unauthorized access, fraud, and identity theft, building user trust in digital platforms and services. Additionally, effective user authentication contributes to regulatory compliance and protects organizations from significant financial and reputational damage due to data breaches.
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