Employees in the post-lockdown world have bid goodbye to traditional work environments. Remote and hybrid work is the new normal, with employees expecting full access to their work resources even when working remotely. They might also use multiple devices, even personal ones, to access corporate data.
Identity fraud is the unauthorised use of a person’s personal information by another person to commit a crime or deceive or defraud that person or a third party in order to take advantage of the pleasures that come with that synthetic identity. The majority of identity fraud is performed for financial gains, such as gaining access to a victim’s credit card, bank accounts, or loan accounts.
Technology has expanded the avenues bad actors use to steal identities and sensitive data. However, digital tools are also giving users innovative countermeasures to protect themselves. Here are seven tactics anyone can use to help prevent identity theft.
According to a survey, due to the impact of the rupee depreciation and lower overall expenditure, financial institutions are attempting to optimise their finances as much as possible, and 83% of banks globally are focused their efforts on cost optimization.
Today’s corporations are more digitized than ever before. Banks, financial institutions, and other corporations rely on remote video verification for client authentication, compliance screening and digital onboarding. It enables onboarding your customers more conveniently and helps secure the platform. With online fraud on the rise globally, businesses are highly targeted usually in the signup process.
Historically, the hospitality industry in India did not devote considerable resources to fraud prevention, but this is changing. The scope of fraud in the hospitality industry is becoming more popular, and the Indian hospitality sector must implement tactics and technologies to mitigate these risks.
MSB services have come to the rescue of many, who can’t access banks immediately and want to transfer money or carry out trade exchanges. So, it surely provides time and place convenience. We all know MSB services include cash acceptance for a transaction or currency exchange, global remittance services, check cashing outlets, and facilitating payments between payer and provider without the performing KYC verification.
An identity breach is an identity-based impersonation attack in which a hacker exploits vulnerabilities to obtain PII (personally identifiable information), contact information, credit card numbers, and important credentials like passwords and usernames to commit identity theft, identity fraud, or other cybercrimes without the victim’s knowledge. Using stolen information from a data breach, cybercriminals may attempt to steal classified information or money from the victim.
In India, there have been several Multi-Level-Marketing (MLM) frauds. Investing in stock shares and commodities, paid per click, investing in the IT sector, or investing in infrastructure have all resulted in scams. Aaryarup/ATCR, Unipay, Stock guru, TVI Express, and others swindle over Rs 10,000 crores. Multi-level Marketing is a sales strategy by some companies to sell directly to the customers.
