Operations | Monitoring | ITSM | DevOps | Cloud

According to the Association of Certified Fraud Examiners, the money lost by businesses to fraudsters amounts to over $3.5 trillion each year. The ACFE's 2016 Report to the Nations on Occupational Fraud and Abuse states that proactive data monitoring and analysis is among the most effective anti-fraud controls.

Most of us can think of a time when we received a phishing email. In fact, most phishing emails are easy to identify, and automatically go to spam. However, in this ongoing pandemic, hackers are adopting advanced tactics that cleverly conceal their malicious intentions, and fly under the radar by leveraging the victim’s fear, anxiety, or plain negligence.

Compliance has often been a checkbox exercise, primarily seen as a defensive strategy in preventing financial penalties and PR embarrassments. However, some organizations have taken a different approach. They’ve used compliance on the offensive - to give a competitive edge, turning “compliance teams” into “innovation teams”. These companies have improved processes and increased customer experience. They’ve installed an elevator instead of fixing the ladder.

Once upon a time the telephone system was a trusted method of connecting people. While we now spend more time on our phones than ever, our relationship to phone calls has changed -- we’re hesitant to answer calls from unknown phone numbers, often because we think the call is a con. But what if the caller ID is spoofed/modified and made to look like a telephone number that you may trust or a number with a local area code and familiar prefix?

You don’t need us to tell you that fraud and financial crime is on the rise. A quick google search will give you endless stats to support this claim. Fraud losses are increasing as a percentage of revenue, and that direct impact on the bottom line isan area of laser focus for senior execs.

In terms of cyber-attack vectors, spoofing is exactly what it sounds like. This term embraces a series of techniques aimed at masquerading an attacker or electronic device as someone or something else to gain the victim’s confidence. Whether it is used to deceive a user or to manipulate a computer system, this multi-pronged phenomenon is often at the core of social engineering hoaxes in general and phishing campaigns in particular.

According to the Hacked Website Report by Sucuri, the number of websites getting compromised by hackers is increasing every year. The damage related to cybercrime is expected to hit $6 trillion by the end of 2020. If you are planning to launch an eCommerce website or already running a successful one, you must have to upgrade the security of your website regularly. Here, I am sharing some useful ways to keep your eCommerce site safe from hackers and fraudsters.