Consumers can Use these Technologies to Fight Fraud

Enterprise Security Magazine | Monday, July 25, 2022

2022 is another big year for cybersecurity. Fraudsters are increasing their efforts as more consumers go online for banking, shopping, and other transactions during the pandemic.

FREMONT, CA: Cybersecurity has always been an important concern, and 2022 will be no different. During the pandemic, fraudsters are increasing their efforts as more customers do banking, shopping, and other activities online.

While consumer fraud affects customers, the majority of attacks aim to obtain identifying information. Protection against fraud, identity theft, and other frauds is always on business owners' and normal consumers' minds.

Companies’ main priority should be preventing fraud from occurring. If they are unsure of where to begin, consider these five technologies that regularly combat fraud.

VPNs: A VPN is not merely a business-centric technology. It is one of the most underutilized means by which customers and individuals can protect themselves from fraud. In reality, only 30 percent of respondents to a survey said they owned a VPN as part of their digital security goods. It is straightforward if consumers are unsure of how a VPN works to prevent fraud. Suppose consumers connect to WiFi in a cafe, library, doctor's office, airport, or other public location. If they are not utilizing a VPN, their connection goes through a public WiFi ISP, where hackers on the same network can intercept all the data. Using a VPN redirects internet traffic through a remote server, masking IP addresses and encrypting data, location, and browsing history, among other things. Suppose an IP address slips into the hands of a hacker who knows geolocation technology. In that case, they can quickly determine the location of the company's office or home and all linked devices. As an added protection against fraud, most VPN software offers robocall and spam call prevention. As more firms adopt a remote-first strategy, VPN usage is gaining popularity. For example, our team at JustReachOut is entirely remote. Since we lack a real office and have staff spanning the United States, Europe, and Asia constantly working from public WiFis, security is our top priority. Using a VPN to conceal our IP address and other sensitive information was one of the first security measures we implemented.

Password managers: Consumers have likely heard this advice before: Use a secure password. Most of us only alter the password once and then attempt to remember it. Typically, we reuse passwords and add a few numbers to the end to make them simpler to remember. However, this no longer suffices in the age of cybersecurity.

Malware protection services: Malware is a frequent strategy used by hackers to conduct fraud, among many others. Malware is the harmful software used by hackers to infiltrate a device, get unauthorized access to private data, or further their unlawful goals. Malware refers to several malicious programs, such as viruses, worms, trojans, spyware, and ransomware, that are meant to cause damage to the device. Malware protection is vital on computers and smartphones, regardless of whether consumers use them for business or pleasure. By persuading them to open a malicious link or install an application from an unreliable source, hackers employ malware to gain access to their devices. These links are frequently disguised as regular files or attachments in phishing emails. Malware is capable of more than stealing, modifying, encrypting, or deleting data. In addition, it can steal the device's fundamental functioning, consume battery life, and slow down a network connection. To protect the company and personal devices consumers utilize, it is in their best interest to consider malware analysis tools. Most VPN solutions feature malware protection, so they just need to verify that they do. This protection software is utilized to examine and isolate malware as soon as it is found on their desktops, laptops, or mobile devices.

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