Q. What is the main advantage of using Dynamic CVV over static CVV for payment security?
Answer: It generates a new code periodically, reducing the risk of fraud.
Notes: Dynamic CVV enhances security by generating a new code for each transaction, making it harder for fraudsters to use stolen card information, unlike static CVVs which remain unchanged and are more vulnerable to theft.
Question Source: 📚This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations. Download the app here.
📌 Question Number: 4 in Frauds in Banking in the above course in App.