Multiple Factor Authentication as a Security Measure in Credit Card Fraud

Cyber-crime is not a recent crime as it began in the year 1820 and started catching people's attention by the year 2000. Due to the increase in cyber-crime, there is a huge demand for cyber-security, and organizations feel the need to protect themselves from any kind of attack, to keep their image and reputation clear and above all to protect users ' confidential information and sensitive data. People are losing a lot in terms of data, privacy as well as financial. In this paper, we will talk about credit/debit card fraud and see how multiple-factor authentication as a security measure can be helpful to reduce this crime.