Final answer:
Digital payments are more secure due to two-factor authentication, stronger passwords, and advanced anti-forging technologies like diffraction grating on polymer bills. They also provide an ability to track and encrypt transactions, making them less susceptible to theft. Nonetheless, the digital divide suggests that not everyone equally benefits from these security features.
Step-by-step explanation:
Digital payments are considered more secure than traditional methods due to various technological advancements. For one, digital payment methods often include two-factor authentication, which serves as an additional layer of protection beyond just a password. Also, digital wallets and apps can be protected with stronger passwords and biometric data like fingerprints or facial recognition, adding to the security.
In terms of preventing fraud, countries like Australia have implemented features such as diffraction grating on polymer bills, which are difficult to forge. Similarly, smart cards can store a value of money and utilize digital security measures to protect transactions. Unlike physical cash, digital payments can be tracked and encrypted, reducing the risk of theft or loss.
However, it's important to be aware of the digital divide, which refers to the gap between individuals who have access to modern information and communication technology and those who do not. This divide can impact security because people with less technological access or understanding might be more vulnerable to scams and privacy issues.