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Showing posts from February, 2022

Tokenization in Fintech: What’s the significance?

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Did you know that every year, organizations lose 5% of their revenue due to financial fraud? This might result in billions of dollars in fraud losses, which would be devastating for businesses and economies all across the world. Whether or not your business has been a victim of fraud, it is critical that you take actions to encourage fraud prevention and awareness. Continue reading to find out more about what you can do to safeguard your company’s critical information. What do you need to know about fraudulent activity? Before we go any further, it’s helpful to define what fraud is. After all, the better you understand fraud, the better your business and customers will be protected. Fraud is defined as when a person or group knowingly and illegally uses false or misleading information to steal another person or organization of anything of value. Money, property, sensitive data, or rights can all be involved. Small and large businesses, schools, and government agencies are all targets f...

How to choose the right vendor for your Aadhaar data vault

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The security of Aadhaar, the 12-digit unique identity number, is a key concern for its holders and a top priority for the government as the world’s largest identity database. Any data leak with Aadhaar is certain to be disastrous. Any compromise on data security will have long-term consequences now that Aadhaar linking is required for financial services and to benefit from government initiatives. Driving licenses, school scholarships, cooking gas subsidies, passports, pensions, and provident fund accounts are now all connected to the Aadhaar card. The Aadhaar card is also being evaluated for use in Indian Railway System services, particularly the online reservation process. The importance of Aadhaar cannot be understated: it includes the data of billions of people. Aadhaar is linked to various databases, there is a risk that the data would be compromised and exploited. This is one of the most serious concerns associated with the Aadhaar system. To keep the Aadhaar data safe, Under the...

Encryption – The Important Aspect of Cybersecurity

We create and share data at an astounding rate every day. All information that you digitally store and share must be adequately protected. Privacy and data protection are vital for both individuals and businesses. As a business owner, you must ensure the data security of all information that you store on your servers. With every email, text message, tweet, businesses have more data to collect and use, and without proper protection, hackers can take advantage of it. Data is the core of business. Data is essential to meet customer needs, respond to sudden market changes and unforeseen events. Companies generate large amounts of data from multiple sources. The amount and level of detail of business data that arise in the course of doing business requires constant attention to protect and maintain it. After all, your data is more than just a static record store. Transactions, knowledge, communication, databases, infrastructure; An organization’s information is its most valuable asset. Rega...