Fraud Prevention

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Cyber Security Is Of Paramount Importance For
Your Organization
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• Technological advancements are creating a new
  growth path and bright opportunities for
  businesses.  However, this is also leading to new
  opportunities for fraudsters to commit
  cybercrime.
• A cyber fraud attack can lead to major
  financial losses. When it involves companies, the
  data breaches can not only cause a huge financial
  setback, but it can also damage customers trust
  in a company. Professional fraudsters are experts
  at monetising stolen information by selling it.
  This creates a massive dentin the businesses
  reputations.

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• It is important to take necessary steps
  for fraud prevention. Companies have their
  reputation and finances at stake which requires
  strict measures to check online financial frauds.
• Organizations like FundingShield provide the
  required expertise and knowhow to check financial
  fraud. Its API driven services mainly cater to
  the mortgage industry and offer protection
  against mortgage and title fraud. FundingShield
  allows lenders, investors, homebuyers and title
  companies for this financial risk management and
  ensures wired funds are going to the intended
  recipients and transactions are free of impact
  from cyber fraud, phishing, business email
  compromise, or title fraud. 

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Forms of Cyber-Attack

• It can be in the shape of a theft or unauthorized
  access of gadgets like computers, laptops,
  tablets, and cell phones.
• There can be a sneaky remote attack on the IT
  systems or home websites of organizations.
• It can even extend to attacks on information held
  in the third-party systems like cloud devices.

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Impact of Cyber-Attack

• Major and small Financial losses
• Expensive rehabilitation and high costs of
  recovery and replacement
• Massive damage to organizations reputation
• Subsequent  damage to other companies your
  organization is connected to

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Different types of Cyber-Attacks

• Denial-of-service The denial-of-service attack
  implies prevention of the authorized
  functionality of networks, systems, or
  applications by exhausting resources. After
  attacking your system, the hackers seek a ransom
  or fee to regain access to files.
• Malware, worms, and Trojan horses These
  crippling viruses are spread by e-mail, instant
  messaging, malicious websites etc.
• Botnets and zombies It compromises security of
  computers that are connected to a central
  controller. The computers that are compromised
  are referred to as zombies. Botnets are
  designed to steal data and day by day they are
  improvising their encryption capabilities and
   becoming more difficult to detect.

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• Scareware This refers to a fake security warning
  that makes the users believe the pop-up warnings
  about infected  system and tricks them into
  downloading  the special software to protect
  their system.
• FundingShields experts give cyber fraud
  report by exploring social engineering, malware
  and more and provide tips on how to protect your
  business against these threats. 
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