Though the realm of internet hacking is primarily concentrated on website invasion and similar mechanisms, the reality is that any device that is connected to the internet is vulnerable to attack. This includes VoIP phones, which businesses around the world use to conduct business on a daily basis. In most cases, sophisticated hacking operations overtake control of such devices … [Read more...] about Preventing VoIP Fraud through Robust Telecommunications Security
fraud
The Link Between Big Data and Fraud Prevention in the Financial Sector
Even though digital technologies have done a lot to improve our overall financial situation, and to provide people with better, more convenient access to a number of different services and resources, the sad reality of today is that technological advancements also tend to bring about increased levels of fraud. It's not hard to see why, either “ honest people aren't the only … [Read more...] about The Link Between Big Data and Fraud Prevention in the Financial Sector
Will Blockchain Deliver a Decisive Blow to Financial Fraud or Fall Flat on its Face?
Technologists have been promoting blockchain technology as a sort of panacea that could save the financial sector and protect everyday banking customers from fraud. Economists and journalists have painted a different picture. They've claimed that distributed ledgers are an easy way of obscuring illegal transactions and point to several high-profile cases where criminals used … [Read more...] about Will Blockchain Deliver a Decisive Blow to Financial Fraud or Fall Flat on its Face?
How Fraud Analytics Can Protect the Banking Sector
Business transaction data is a huge part of any bank's functioning and is managed and stored by IT systems. Business processes are supported by these IT systems. With these IT systems in pace, the level of human interaction has drastically reduced. This, in turn, has become a huge reason for fraud to occur. Automated controls are used to keep frauds in check. Identifying an … [Read more...] about How Fraud Analytics Can Protect the Banking Sector
Using Artificial Intelligence to Facilitate Fraud
Any new tool or technology has the potential to be put to use for good purposes or, unfortunately, for harmful purposes. Artificial intelligence is no different. As we see the rapid progress occurring in the AI space, lots of attention has been paid to all of the good uses of AI. However, it is inevitable that those with nefarious intent are also studying AI successes with an … [Read more...] about Using Artificial Intelligence to Facilitate Fraud
