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When you start dealing in business, companies usually focus on the profit instead of who they’re dealing with. But as times change and online frauds increase staggeringly, companies are taking customer identity verification very seriously. The procedure involves proper customer identity verification to meet KYC guidelines. Failing to do so exposes the company to serious …

People call this world we are living in “an age of disruption.” Today, industries are evolving and transforming at a staggering rate where small business is capturing a big market share. Technology is the backbone of our society and has touched everyone’s life in some form. There is a constant chaos of massive data flowing …

Digital wallet has been around for more than a decade now. PayPal is one of the oldest digital wallets and was the first one to offer online banking services. As we reached 2020, when the global pandemic hits the world, online banking solutions and digital wallets become a critical solution. Hundreds of households who suffered …

With each passing year, there is a significant rise in identity fraud. Identity fraud makes up a major part of online crime that involves different levels of impersonation or fake portrayal. As the number of frauds increase, so do the victims. And if there are victims, that means there are fraudsters as well. These fraudsters …

While digital transformation has been taking the logistics and transportation sector to a new height, it has made the industry an easy target for cybercrime. Cyberattack on Maersk, German Railways, and Kyiv Airport has stunned the entire transport industry worldwide. Until such incidents happened, no one ever imagined that the industry could be the target …

Richard A. Clarke, the former US National Coordinator for Security, once said, “If you spend more on coffee than on IT security, then you will be hacked.” The statement seems relevant in the current scenario. A report reveals that cybercrime damage costs might reach up to $6 trillion annually by 2021. Cybercriminals violate individuals’ privacy …

Identity theft is a serious concern all across the globe. It’s a crime of obtaining personal details of another person to commit fraud. There are numerous identity theft types, ranging from synthetic identity theft to social security identity theft to financial identity theft. Each theft can harm you in different ways, but you can prevent …

Undoubtedly, with technological advancements, the healthcare industry is increasing rapidly all across the globe. However, it’s also true that these advancements have brought numerous threats to the industry. Two of the major among them are identity theft and data breaches. Such risks not only put a patient’s medical record into the wrong hand, but failure …

Forgery is a serious crime all across the globe. While there is provision for punishments and penalties in this crime, it has been increasing rapidly. Over the years, the public authority took various steps for ID Protection, but nothing proved beneficial. Using transparent security features or elements to protect ID design can help prevent or …

Started by religious institutions, the education system and teaching style have changed significantly in modern times. Thanks to technology, distance and e-learning are possible nowadays. However, over the years, the education sector has faced various challenges due to these technological advancements. Cyber attacks such as phishing, data breaches, and identity theft are a few common …