Year: 2025
Type: article
Abstract: Fraud often occurs in debit/credit cards and internet banking payments. To address this, Central Banks developed CBDC to enhance payment security and reduce financial losses from cybercrime. In this study, we modeled cyber risks through a utility-based framework and conducted simulations to compare CBDC with traditional payment systems. Our findings strongly support CBDC, emphasizing its role in mitigating cyber risks and improving the efficiency of domestic and international payment networks.
Authors: Mishra, Anuj S.S, Mukhopadhyay, Arunabha
Institution: Indian Institute of Management Lucknow
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W7037032876
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