A new national identification card is being designed. The project team, led by Dr. Anya Sharma, is debating the optimal combination of data encoding and physical security features. Option A proposes relying primarily on a high-coercivity magnetic stripe encoded according to ISO/IEC 7811, supplemented with advanced holographic overlays and microprinting for visual authentication. Option B suggests utilizing a contactless chip compliant with ISO/IEC 14443 for data storage and authentication, with a simpler, less elaborate holographic design primarily for brand recognition. Option C recommends a hybrid approach, incorporating both a magnetic stripe and a contact chip, each containing identical data, alongside moderate holographic features. Option D advocates for eliminating visual security features altogether, focusing solely on advanced encryption and biometric authentication integrated within a contact chip adhering to ISO/IEC 7816.\n\nConsidering the balance between security, cost, and practicality, and understanding the relative strengths of different data encoding methods as defined by relevant ISO standards, which of the following approaches represents the most effective strategy for maximizing the overall security and minimizing the risk of counterfeiting, while also considering the cost-effectiveness of implementation?