Smartphone-based payment system’s

Smartphone-based payment system’s

Answer the following (No need for inro/conclusion)

Part 1

Part 2

  • How is a security interest created and how is it perfected? Provide an example. If you are the creditor, what is difference between having a perfected security interest and an unperfected interest? What is a “reorganization” bankruptcy and how is it different than an “ordinary” bankruptcy? Give examples of each.
  • In a bankruptcy, what rights do secured creditors have over unsecured creditors, and why?

Answer preview

  • Smartphone-based payment system’s security risks

A smartphone-based payment system has more security threats than carrying a traditional wallet. Firstly, cybercriminals tamper with the mobile payment application to capture login details through the back door and send the login details to the attacker’s server. The attacks also…

(650 words)