• Home
  • Affiliate Disclosure
  • Contact Us
Technology | Software Reviews | Product Reviews | Internet Marketing
  • Home
  • Tech
    • All
    • Mobile
    Payment Systems

    A Comparison Of Different Types Of Payment Systems

    Data Literate Workforce

    Significant Advantages Of A Data Literate Workforce

    What Is Data Literacy

    What Is Data Literacy And Why Is It essential For Every Business?

    Full Stack Development

    7 Tools And Technologies For Full Stack Development

    Salesforce Export Data

    Salesforce Export Data: Hevo’s Guide For Beginners

    Cloud-based CRM Software

    What Is A Cloud-based CRM Software

    Logistics Technology

    4 Benefits Of Incorporating Logistics Technology For Companies

    Surge Protectors

    Surge Protectors And How They Work

    Recruitment Assessment Tools

    Harver Tool Alternatives 2022: 10 Best Recruitment Assessment Tools

  • Fintech
    El Salvador

    El Salvador – The Country Where You Can Use Bitcoins Legally!

    Cryptocurrency Is Becoming A Financial Force

    5 Signs Cryptocurrency Is Becoming A Financial Force To Be Reckoned With

    What All You Need To Know For A Healthy Crypto Investment

    Easy Ways To Enhance Your Crypto Earnings

    India And Bitcoin News

    Can Bitcoin And Altcoin Replace Fiat Currencies?

    How College Students Can Make Money As Part-Time Crypto Traders

    What Is Candlestick In Trading?

    What Is Defi (Decentralised Finance)

  • Blockchain
    Cryptocurrency And Cyber Insurance: A Form Of Mutualism

    Cryptocurrency And Cyber Insurance: A Form Of Mutualism

    Crypto Loans

    4 Essential Benefits Of Crypto Loans

    Blockchain Security

    Why Blockchain Security Is Good For You

    Blockchain Technology

    Blockchain Technology Explained

    VC Funding For Blockchain

    3 Proofs That Blockchain Will Soon Revolutionize Mortgage Lending

    Blockchain Could Help Advertisers

    The Blockchain Could Help Advertisers Lock Up Our Attention

    Blockchain Technology

    How Blockchain Technology Is About To Transform Sharemarket Trading

    Deloitte's 2020 Global Survey

    Deloitte’s 2020 Global Survey: Blockchain Becomes Top Strategic Priority For Majority Of Organizations

    VC Funding For Blockchain

    Top Blockchain-Based Security Solutions In 2020

  • E-Commerce
    E-commerce Website Development

    Top Tips For Your E-commerce Website Development Process

    How To Make Money With Dropshipping

    How To Make Money With Dropshipping

    Digital Marketing For Ecommerce

    The Value In Investing In Digital Marketing For Ecommerce

    16 Best eCommerce Software Platforms For Online Business

    16 Best eCommerce Software Platforms For Online Business

    ecommerce ideas

    6 Things To Consider When You are Running an E-Commerce Business

    3dcart- ecommerce Platforms

    Best e-Commerce Software Platforms For Online Business

    starting a clothing business

    8 Things You Should Know If Starting a Clothing Business

    Use Bubble Wrap

    How To Use Bubble Wrap To Ship Fragile Items

  • Lifestyle
    Hoboken apartments

    Family-Friendly Activities In The Tri-State Area

    Harry Potter Costume

    The Best Harry Potter Costumes To Bring Your Magical Fantasies To Life

    fun things to do on birthday

    10 Amazing Things You Must Do On Your Birthday

    Better Hair Quality

    Women Need A Better Hair Quality All The Time

    Is Your Office Job Killing You Slowly

    Is Your Office Job Killing You Slowly?

    Healthy Work-Life Balance

    Top Tips To Maintain A Healthy Work-Life Balance

    arbie Sole Tattoo

    Barbie Sole Tattoo Trends Blowing Up On Instagram

    Dumbest Fashion Trends In History

    From Muslin Dresses To Corsets: 17 Dumbest Fashion Trends In History

    How to apply foundation in the best way

    How To Apply Foundation In The Best Way?

  • Inbound Marketing
    • All
    • Content Marketing
    • Email Marketing
    Grow Your Email List

    8 Actionable Ways (Tested) To Grow Your Email List In 2022

    Competitive Analysis

    A Complete Guide On Competitive Analysis For Beginners

    EDM Marketing

    How EDM Marketing Is Different From Email Marketing? Which One Is Better?

    The State of Digital Marketing in Bangkok

    The State Of Digital Marketing In Bangkok

    Meme Marketing

    Meme Marketing – Why Are Brands Smiling About It

    Better Content Marketing

    Top 14 Essential Tips For Better Content Marketing

    Email open rates

    Personalization In Email Marketing: How To Increase Email Open Rates?

    Tech Blogging: An Era Ends? Or, A New Begining!

    Blog Strategy For Sustainable Content Marketing Business

    Influencer Marketing

    How To Improve Your Content Strategy With Influencer Marketing

  • Online Marketing
    • All
    • Mobile Marketing
    • Search Engine Marketing
    • Search Engine Optimization
    • Social Media Marketing
    Community For Your Business’s B2B Marketing

    How To Build And Use Your Community For Your Business’s B2B Marketing

    Digital Marketing Channels

    Best 5 Digital Marketing Channels For Your Brand In 2022

    Knowing the SEO Basics

    Knowing The SEO Basics

    SMS Marketing Mistakes to Avoid

    SMS Marketing Mistakes To Avoid

    YouTube Marketing

    10 Ways How To Get Started With YouTube Marketing

    What To Expect from Technical SEO Services

    What To Expect from Technical SEO Services

    seo roi

    Why Should You Measure And Track Your SEO Success

    External Link

    What Is External Link, And How Does It Improve SEO?

    A Comprehensive Beginner’s Guide To Learn The Basics Of Digital Marketing

  • Software
    Salesforce: How Does It Work

    BigQuery To Salesforce: How Does It Work?

    Scheduling A Painless Job

    Top 10 All-In-One Automated Platforms That Make Scheduling A Painless Job

    Invalua

    Ivalua Alternatives 2022: 10 Best Spend Management Software

    Booket

    Booket Alternatives 2022: 10 Best Salon Management Software

    Recruitment Assessment Tools

    Harver Tool Alternatives 2022: 10 Best Recruitment Assessment Tools

    Wordtune

    Wordtune Alternatives 2022: 10 Great AI-Powered Writing Tools

    Eduflow

    Eduflow Alternatives 2022: 10 Best Learning Management Solutions

    Payroll process

    This Is How You Can Make The Payroll Process More Strategic And Organized

    Best HR Software

    How To Choose The Best HR Software For Your Work?

No Result
View All Result
  • Home
  • Tech
    • All
    • Mobile
    Payment Systems

    A Comparison Of Different Types Of Payment Systems

    Data Literate Workforce

    Significant Advantages Of A Data Literate Workforce

    What Is Data Literacy

    What Is Data Literacy And Why Is It essential For Every Business?

    Full Stack Development

    7 Tools And Technologies For Full Stack Development

    Salesforce Export Data

    Salesforce Export Data: Hevo’s Guide For Beginners

    Cloud-based CRM Software

    What Is A Cloud-based CRM Software

    Logistics Technology

    4 Benefits Of Incorporating Logistics Technology For Companies

    Surge Protectors

    Surge Protectors And How They Work

    Recruitment Assessment Tools

    Harver Tool Alternatives 2022: 10 Best Recruitment Assessment Tools

  • Fintech
    El Salvador

    El Salvador – The Country Where You Can Use Bitcoins Legally!

    Cryptocurrency Is Becoming A Financial Force

    5 Signs Cryptocurrency Is Becoming A Financial Force To Be Reckoned With

    What All You Need To Know For A Healthy Crypto Investment

    Easy Ways To Enhance Your Crypto Earnings

    India And Bitcoin News

    Can Bitcoin And Altcoin Replace Fiat Currencies?

    How College Students Can Make Money As Part-Time Crypto Traders

    What Is Candlestick In Trading?

    What Is Defi (Decentralised Finance)

  • Blockchain
    Cryptocurrency And Cyber Insurance: A Form Of Mutualism

    Cryptocurrency And Cyber Insurance: A Form Of Mutualism

    Crypto Loans

    4 Essential Benefits Of Crypto Loans

    Blockchain Security

    Why Blockchain Security Is Good For You

    Blockchain Technology

    Blockchain Technology Explained

    VC Funding For Blockchain

    3 Proofs That Blockchain Will Soon Revolutionize Mortgage Lending

    Blockchain Could Help Advertisers

    The Blockchain Could Help Advertisers Lock Up Our Attention

    Blockchain Technology

    How Blockchain Technology Is About To Transform Sharemarket Trading

    Deloitte's 2020 Global Survey

    Deloitte’s 2020 Global Survey: Blockchain Becomes Top Strategic Priority For Majority Of Organizations

    VC Funding For Blockchain

    Top Blockchain-Based Security Solutions In 2020

  • E-Commerce
    E-commerce Website Development

    Top Tips For Your E-commerce Website Development Process

    How To Make Money With Dropshipping

    How To Make Money With Dropshipping

    Digital Marketing For Ecommerce

    The Value In Investing In Digital Marketing For Ecommerce

    16 Best eCommerce Software Platforms For Online Business

    16 Best eCommerce Software Platforms For Online Business

    ecommerce ideas

    6 Things To Consider When You are Running an E-Commerce Business

    3dcart- ecommerce Platforms

    Best e-Commerce Software Platforms For Online Business

    starting a clothing business

    8 Things You Should Know If Starting a Clothing Business

    Use Bubble Wrap

    How To Use Bubble Wrap To Ship Fragile Items

  • Lifestyle
    Hoboken apartments

    Family-Friendly Activities In The Tri-State Area

    Harry Potter Costume

    The Best Harry Potter Costumes To Bring Your Magical Fantasies To Life

    fun things to do on birthday

    10 Amazing Things You Must Do On Your Birthday

    Better Hair Quality

    Women Need A Better Hair Quality All The Time

    Is Your Office Job Killing You Slowly

    Is Your Office Job Killing You Slowly?

    Healthy Work-Life Balance

    Top Tips To Maintain A Healthy Work-Life Balance

    arbie Sole Tattoo

    Barbie Sole Tattoo Trends Blowing Up On Instagram

    Dumbest Fashion Trends In History

    From Muslin Dresses To Corsets: 17 Dumbest Fashion Trends In History

    How to apply foundation in the best way

    How To Apply Foundation In The Best Way?

  • Inbound Marketing
    • All
    • Content Marketing
    • Email Marketing
    Grow Your Email List

    8 Actionable Ways (Tested) To Grow Your Email List In 2022

    Competitive Analysis

    A Complete Guide On Competitive Analysis For Beginners

    EDM Marketing

    How EDM Marketing Is Different From Email Marketing? Which One Is Better?

    The State of Digital Marketing in Bangkok

    The State Of Digital Marketing In Bangkok

    Meme Marketing

    Meme Marketing – Why Are Brands Smiling About It

    Better Content Marketing

    Top 14 Essential Tips For Better Content Marketing

    Email open rates

    Personalization In Email Marketing: How To Increase Email Open Rates?

    Tech Blogging: An Era Ends? Or, A New Begining!

    Blog Strategy For Sustainable Content Marketing Business

    Influencer Marketing

    How To Improve Your Content Strategy With Influencer Marketing

  • Online Marketing
    • All
    • Mobile Marketing
    • Search Engine Marketing
    • Search Engine Optimization
    • Social Media Marketing
    Community For Your Business’s B2B Marketing

    How To Build And Use Your Community For Your Business’s B2B Marketing

    Digital Marketing Channels

    Best 5 Digital Marketing Channels For Your Brand In 2022

    Knowing the SEO Basics

    Knowing The SEO Basics

    SMS Marketing Mistakes to Avoid

    SMS Marketing Mistakes To Avoid

    YouTube Marketing

    10 Ways How To Get Started With YouTube Marketing

    What To Expect from Technical SEO Services

    What To Expect from Technical SEO Services

    seo roi

    Why Should You Measure And Track Your SEO Success

    External Link

    What Is External Link, And How Does It Improve SEO?

    A Comprehensive Beginner’s Guide To Learn The Basics Of Digital Marketing

  • Software
    Salesforce: How Does It Work

    BigQuery To Salesforce: How Does It Work?

    Scheduling A Painless Job

    Top 10 All-In-One Automated Platforms That Make Scheduling A Painless Job

    Invalua

    Ivalua Alternatives 2022: 10 Best Spend Management Software

    Booket

    Booket Alternatives 2022: 10 Best Salon Management Software

    Recruitment Assessment Tools

    Harver Tool Alternatives 2022: 10 Best Recruitment Assessment Tools

    Wordtune

    Wordtune Alternatives 2022: 10 Great AI-Powered Writing Tools

    Eduflow

    Eduflow Alternatives 2022: 10 Best Learning Management Solutions

    Payroll process

    This Is How You Can Make The Payroll Process More Strategic And Organized

    Best HR Software

    How To Choose The Best HR Software For Your Work?

No Result
View All Result
Technology | Software Reviews | Product Reviews | Internet Marketing
No Result
View All Result
Home Articles

Top Fraud Trends For 2020

March 18, 2022
in Articles
Fraud Trends
Share on FacebookShare on Twitter

We are already halfway through 2020, and we can honestly say that it is not the best of years that we assumed it to be.

While business operations have increased online, industry players and experts fear that fraudulent activities will drastically increase in the coming years. Every year, there are predictions made about the future fraud trends.

Companies and individuals are looking to protect their digital identity and financial fraud risks. However, it is easier said than done.

Companies like Accertify is among one of the top risk managers in the industry who understand the overwhelming and sophisticated threats that businesses are exposed to.

It is important to keep a tab on the potential risks and threats that surround the industry. So, to help you with that, we have researched and prepared a list of top fraud trends that every business should be aware of.

Let’s get started.

1. Account Takeover Methods Will Switch To Next Level

Since the majority of the people are online, the number of digital accounts has increased. Whether it is financial accounts or social media accounts, the activities have increased online.

This has given the fraudsters a chance to manipulate the users and take advantage of them.

Although account takeovers (ATO) are not a new thing, experts fear that there will be an explosion of techniques and methods used to access login credentials.

The worst part is that this issue is bad across all verticals. It is seen that while businesses are spending millions on stopping transaction and chargeback frauds, account takeovers aren’t taken gravely as they should be.

Businesses need to understand that scammers have unlimited access to sophisticated tools to:

  • Bypass 2FA, meaning your multiplying authentication methods aren’t safe as they once were
  • Scrape for ATO

Even the best practices of using 2FA are vulnerable to phishing attacks.

2. Phishing Will Evolve Dangerously

Individuals and businesses are losing valuable assets without giving away passwords. This is a sign that there is an increase in phishing fraud techniques.

Experts warn that if serious measures aren’t taken soon, it is only going to evolve dangerously. Scammers are tricking businesses into transferring huge amounts of money to non-existent suppliers.

Moreover, there have been reports of a dedicated phishing scheme targeting Microsoft Office 365 users.

According to experts, the attackers are accessing data stored in the cloud by using a malicious link to drive the users to the real login page.

Those who fail to identify the malicious link give the attacker straight access to all the company cloud data, including financial information, contacts, files, and emails.

The worst part is that even if the user changes the password, the attacker can still access the system. That’s how dangerous phishing attacks are.

According to industry experts, individuals and companies need to make sure that they are vigilant all the time to prevent unknowingly, giving away any information that could harm their company or personal lives.

3. Open Banking And PSD2 Will Continue To Transform The Online Landscape

In the category of the latest worrying fraud trends, it is predicted that open banking will continue to transform the online landscape, which will allow the fraudsters to exploit the lack of consumer awareness.

Financial institutions and fintech companies were the first domains to feel the modifications introduced by the European Union’s PSD2 (second Payment Services Directive).

However, during the first quarter of this year, the world witnessed a complete transformation of the e-commerce domain. This is because strong customer authentication (SCA) is rolling out across Europe.

As a result, it is creating a period of consumer confusion. Since new services are OTP (one-time-password)-based, which is instigated through MFA, 2FA, SMS, and even mobile app-centric biometric authentication, scammers are trying to exploit the lack of consumer awareness to fool the users into unintentionally providing valuable information.

As most of these techniques are still new to some of the users, it is often fruitful for the fraudsters because they can easily manipulate them into submitting data.

Moreover, experts believe that scammers are also abusing techniques like Pin, Chip, and Captcha forms for malicious activities.

Irrespective of all the vulnerabilities, fintech firms, and banks are enthusiastic about the new possibilities of open banking. According to a report, financial institutions want to encourage fintech app development via open banking.

Fintechs, on the other hand, is welcoming the opportunity of scaling and growth by partnering with renowned banks and financial institutions. All the fintech sector wants is brand recognition that an established bank can easily provide.

While new security measures promise to enhance safety, it is increasing consumer confusion. As a result, people and businesses are becoming prone to data breaches and susceptibilities.

As a business owner, it is important for you to take all the precautionary measures so that your business won’t suffer at the hands of fraudsters.

Tags: Top Fraud Trends
Previous Post

Using “To Whom It May Concern” And Other Business Letter Salutations Plus An Expert Guide

Next Post

How To Prepare For A Road Trip

Related Posts

Guide To Selling
Articles

Your Guide To Selling Merch As An Artist

July 26, 2022
Benefits Of A Fixed Index Annuity
Articles

What Are The Benefits Of A Fixed Index Annuity

July 23, 2022
Unexpected Business Growth
Articles

Rami Beracha – The Unexpected Business Growth From The Covid 19 Fallout & The 2022 Global Economic Crisis

July 12, 2022
Data Governance
Articles

What Exactly Is Data Governance, And Why Is It Important?

June 25, 2022
Data Literacy
Articles

Data Literacy: How It Can Be Help Your Organization?

June 24, 2022
Data Literacy
Articles

Data Literacy: What It Is And Why It Is Essential?

June 24, 2022
Data Governance Definitions And Process Flow
Articles

Data Governance: Definitions And Process Flow

June 22, 2022
Addiction Treatment
Articles

How To Talk To Your Loved Ones About Addiction Treatment

June 9, 2022
File A 1099 NEC
Articles

How To File A 1099 NEC

May 23, 2022
Next Post
Judgment and decision-making

How To Prepare For A Road Trip

Recent Posts

Community For Your Business’s B2B Marketing

How To Build And Use Your Community For Your Business’s B2B Marketing

August 2, 2022
Get Your Small Business Out Of Debt

How To Get Your Small Business Out Of Debt

August 1, 2022
Tax Tips For Small Business

Tax Tips You Should Know For Small Business Owners In 2022

July 29, 2022
Guide To Selling

Your Guide To Selling Merch As An Artist

July 26, 2022
Payment Systems

A Comparison Of Different Types Of Payment Systems

July 23, 2022

Get Updates

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.
Loading

Disclosure

We sometimes use affiliate links in our content. This won’t cost you anything but it helps us to offset the costs of paying our writing team. Thanks for your support!

About Witszen

Witszen-logo

Follow Us

Useful Links

  • Home
  • Affiliate Disclosure
  • Contact Us

Browse by Category

Get Updates

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.
Loading
  • Home
  • Affiliate Disclosure
  • Contact Us

© 2022 Witszen

No Result
View All Result
  • Home
  • Tech
  • Fintech
  • Blockchain
  • E-Commerce
  • Lifestyle
  • Inbound Marketing
  • Online Marketing
  • Software

© 2022 Witszen