Cybersecurity is one of the major concerns of the modern world. Developments in technology are cropping up every day but a few developers seem to be paying attention to the security risks.
In recent years, there have been several incidences of major security failures on the international scale. If you are in business, it is your duty to protect your business from scammers and hackers. The same case applies to individuals.
Easy Targets For Scammers
The main aim of most online scammers is to make money. In most cases, scammers target business where they know they stand a chance of making quick money. Some of the top targets for scammers include money transfer service providers, banking industry, recruitment agencies, security agencies, property management agencies, and government agencies among others.
Most scammers target banking entities where they can easily make money by faking an identity, impersonating another person or placing a false claim. Scammers also find success in the employment agencies by faking personalities and getting positions that belong to someone else.
Common Banking scams
The banking industry remains top on the list when it comes to vulnerable businesses. If you are new in the banking industry, either as a money transfer agency, a loaning agency or simply money holding agency, you must put in place measures to avoid scams. Some of the common scams in the baking industry include:
Identity Theft
Many banking institutions have lost money to people who pose as someone else to complete transactions. If you were to lose money that belongs to a client, you will have to suffer dire consequences as a business entity.
Insurance Fraud
Insurance fraud is a common scam that is used by individuals to get money from insurance firms. Some cases of insurance fraud include faking illnesses, faking accidents and injuries among others. Insurance industries must be aware of such scams to be able to protect themselves from such individuals.
Credit Card Fraud
Credit card fraud is probably among the riskiest banking scams. Most scammers pose online as genuine service providers with the intention of capturing credit card information from innocent people. You should never provide personal information regarding your bank or credit card to any individual online.
To ensure that you are not a victim of these common banking scams, you should protect your personal data. You should keep your passwords and PIN numbers private at all times. You should never provide personal banking information to online entities that are not trustworthy.
When you have to do business with a person you do not know online, conduct your own investigations. Use apps such as Spokeo to find out more about the individual. Spokeo can help you conduct phone number search and reverse phone lookup to determine the personal details of every individual you deal with online.
Phishing scams
Phishing scams are the riskiest type of online scams that all companies have to deal with. With a phishing scam, the scammers will send emails or text messages to company employees. The message will appear to be an official communication from the company or the head office of the company.
The emails will require employees to disclose certain information about the company. If the employees fall into the trap, the scammers get access to the company and can conduct their fraud.
The best way to protect your firm from phishing scams is by conducting a research on each suspicious email, message or call. A service like Spokeo (www.spokeo.com/reverse-phone-lookup) will help you teach your employees about such scams and why they should never respond to suspicious emails, calls and texts.
Cybersecurity principles
It is paramount for everyone who uses the internet to learn basic cybersecurity principles. The laws protecting the security of internet users are still at a shallow stage in most parts f the world. Therefore, protecting yourself is a personal affair.
The first cybersecurity principle you should have in mind is to always protect your data. Never give your personal data to people you do not know or websites you do not trust. It is also important for companies to give some sort of guidance for their staff members on various factors regarding cybersecurity.
Let’s sum up
Cybersecurity is a major concern in this internet era. Many people have lost a lot of money to scammers online and in real life. To be on the safe side, always make sure you protect your personal data.
You should also use apps such as Spokeo to find out more about the people you are dealing with online. You can use reverse phone lookup to determine if someone is a scammer or using a fake identity.
UPLARN 
Parth Prajapati 
