Concerted Efforts Enhance Security of e-Transactions

Shaparak Company, the body in charge of supervising Iran’s e-payment network, is making concerted efforts to better detect fraud and improve security of the fledgling e-payment network, the company’s new managing director said. 
“The company’s ‘risk committee’ is tasked with finding and plugging loopholes that can endanger the network. Curbing smuggling, money laundering, illegal betting and gambling are also on Shaparak’s agenda,” Kazem Dehqan told the Persian-language Bankdari Ayandeh (Future Banking) magazine.
Illegal activities have a wide range most of which take place outside the payment network, he said. “Shaparak along with other state bodies are working to detect cybercrime and prepare regulations that prevent crime.”