Enhancing Security in Engineering Financial Transactions: Protecting Individual Information in Electronic Payments

This study aims to investigate the national legislations related to the protection of individual information sufficient to ensure the necessary protection for that information. Furthermore, to discover the legislative deficiency in the sense of the risks of information technology and its threat to the individual information of individuals, especially users of modern electronic payment methods. The main findings of the study revealed that the process stipulated several special controls related to the quality of the information being processed. It stipulated that the processing be fair and legitimate, and that the information collection be for a legitimate, specific and clear purpose. The study recommends developing the protection of individual information and directly fulfilling the legitimate interests of the information manager or any third party to whom the information is disclosed, unless this conflicts with the fundamental rights. Also, developing an explanation of the reasonable reasons stipulated regarding the subject of the information owner's objection to the processing of his information, so that the matter is not left to the discretion of the information manager who rejects the objection of the person to whom the information is related on the pretext of the lack of reasonable reasons.