The damages from fake identity and identity spoofing are in the billions of dollars, and they are rising faster than any other type of identity fraud. Identity thieves who use fake ID for online verification are skillful and well-informed. To construct a new identity, they combine actual and made-up information. […]
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Online Rental Marketplace: 5 Challenges to Overcome in 2023
The growing preference among customers for renting over buying products and services is driving up demand for online rental marketplace businesses. It all began with Airbnb, a peer-to-peer service that provided consumers with a chance to locate inexpensive housing and experience various cultures firsthand. Following that, there has been a […]
How Does Cryptocurrency Work?
Unless you live under the rock, you must have heard about Bitcoin and other cryptocurrencies. However, not everyone truly knows what they are. Cryptocurrencies are digital currencies you can use to buy goods and services but work only online. There are lots of them, and this type of currency works […]
5 Reasons for Chargebacks and How to Prevent Them
Well, you thought the order was delivered and the money was yours. But suddenly swoosh! – and the bank sweeps it away from you, back to the payer. Congrats! You’ve been chargebacked. Or charged back, if you prefer it grammatically correct, but it doesn’t make it right for your business. […]
Make E-Transfers Safe to Protect Your Business and Clients
In the face of the global pandemic, literally, everyone was forced to switch to online shopping and selling. While e-payments have become commonplace, they remain a concern. It is not surprising since fraud can put all parties at risk. Your customers will lose money, and you, the banks, and other […]
AP and Purchase to Pay Automation – Helping Detect and Prevent Payment Frauds
The fast-paced rise in digital invoicing and payment methods has paved the way for lucrative business opportunities. With technological advancements, modern businesses are experiencing efficiency gains and flexibility. Despite the improvements around payables, fraudulent and criminal activities are increasing at an alarming rate. Thankfully, Accounts Payable (AP) and Purchase to […]
5 Cyber Security Tech Tips when Working From Home
Recently, the outbreak of fatal COVID-19 has changed the outlook of the typical corporate life: social distancing and no gathering policy. However, the work from home has shifted to being the new normal, and the supportive technology brought to its sustenance. Today, the world is still to contain the outbreak […]
How to check any company account for free?
Registering a business checking account as an entrepreneur is a safeguard to prevent you and your business from falling prey to fraudsters. There are a lot of business checking account providers that offer their services for a fee. Doing business whether it is online or offline, you need this feature […]
Face Verification – Is it the end of Password Security?
The world is rapidly moving towards digitisation. Every industry, whether the banks or retail stores are shifting their business operations online. This has lead to the explosion of the internet. People are actively adopting digital businesses and in fact, they are getting more comfortable and convenient in utilising online services. […]
How Artificial Intelligence can Transform the Fate of Fraud Detection
The world has made phenomenal discoveries in the field of science and technology. But it is the disruptive innovations that have changed our lives the most. Artificial intelligence is one such disruptive technology whose applications have overwhelmed the human perception. From bringing more efficiency to our day to day tasks […]
How to Boost Your Business’s Cyber Defenses
There’s no doubt that technology is continuously evolving. New innovations are being introduced every year to make our lives more convenient and comfortable. But along with these positive developments, cyber threats are spreading chaos, especially among businesses. Sure enough, global cybercrime accounted for at least $600 billion in losses in […]
What is a Cryptocurrency Exchange and How Does It Work?
A cryptocurrency exchange is an online platform where cryptocurrencies are bought, sold or exchanged for other cryptocurrencies or conventional (fiat) money. In other words, depending on your requirement, it can serve as a trading platform or a forex platform. To buy or not to buy cryptocurrency is entirely a private […]