The Best Technology Against Fraud


Cybersecurity has always been a very serious concern not just for businesses but also for personal security. 2022 has seen a rapid increase in both businesses and people stepping up their security towards more secure channels and technological advancements – and it is set to get even more widespread throughout the year.

The global pandemic will continue to be talked about for decades to come, from how it affected us personally to how many businesses had to rapidly adopt new working conditions overnight with no proper security measures in place. It was the biggest period for fraudsters, hackers and threat actors as more and more people had to rely on online platforms for pretty much everything.

Whilst consumer fraud affects customers, the majority of attacks over the past two years have had the aim of obtaining identifying information. Therefore, protection against fraud, identity theft and other threats are always at the forefront of both business owners’ and consumers’ online interactions.

As a company, the main concern should always be on preventing fraud from occurring. If they are unsure where to begin, there are a few technologies that help to combat fraud.

VPN

A VPN is one of the most underutilised means for customers and individuals to protect themselves against fraud. Only 30% of people currently utilise a VPN as a part of their digital security and is a very straightforward technology that everyone can use.

If someone connects to free WiFi in a cafe, airport or another establishment that offers the service, their connection goes through a public WiFi ISP, which may be open to hackers who can suddenly intercept all the data you share. Doing so with a VPN redirects internet traffic through a remote server, masking your IP address and encrypting your data, location, browsing history and other items.

As more businesses adopt a remote-first strategy, VPN usage becomes more popular and essential. It is a security measure that should be in effect for everyone.

Password Management

The advice of using a secure password is nothing new – it is one of the oldest pieces of advice that can be given within enterprise security.

Most of us only ever alter our passwords once and then attempt to remember them, and tend to reuse passwords for multiple passwords apps and accounts. Adding a few numbers to the end is usually the height of change for most of them, such as 123 or the day you were born.

These are the simplest and first guesses that hackers focus on, and passwords these days can be determined or decoded easily by a majority of hackers.

For more information on enterprise security and any upcoming risk management events, check out the upcoming events from Whitehall Media.