Final answer:
It is true that e-wallets and smart cards can increase the risk of exposing consumers' information on the Web due to their potential vulnerabilities if not properly secured. Individuals and institutions must take significant measures to protect personal information to mitigate the risk of identity theft and other cybersecurity threats.
Step-by-step explanation:
The question of whether e-wallets and smart cards increase the risks of exposing consumers' information on the Web is indeed complex. However, it is generally true that any digital technology used for storing personal and financial information could potentially expose users to an increased risk of identity theft and fraud if not managed with strong security measures.
As users engage in various online activities, from social connections to financial transactions, their digital footprints expand. This, coupled with ill-intended individuals or groups who aim to exploit vulnerabilities, increases the possibility of data breaches. High-profile security breaches at major corporations have demonstrated the reality of these risks, emphasizing the importance of robust security protocols.
To mitigate the threats, individuals must be vigilant in protecting their information by using strong passwords, enabling two-factor authentication, and being cautious of potential scams. Equally, companies and governments must invest in stronger website protections to safeguard user data. Despite the convenience that e-wallets and smart cards provide, they inevitably come with a degree of risk that requires constant attention to privacy and security concerns.