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How to develop a growth mindset
How to think creatively and outside the box
How to embrace change
Monitor Fraudulent Activities
Fraudsters aim to find weak links and vulnerabilities in your business systems from where they can stage their attack.
To strengthen your business from fraud, you need to know the methods that fraudsters use, which part of your security system to strengthen, and which tools to use to fend off scammers.
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Business fraud is a major threat
A 2020 fraud survey estimated that the total cost of company fraud in the US to be about $7 billion in a year.
Many fraudsters use the internet as their primary mode of trade. Therefore, business owners should invest in better cybersecurity systems and programs to protect t...
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80 reads
Business Email Compromise
Scammers persuade businesses to give them sensitive information or make payments. Then they get access to unauthorised business email accounts, monitor the company's activities and impersonate the stakeholders.
Scammers get hold of information through social engineering, phishing, social me...
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Asset misappropriation and insider fraud
Sometimes, employees steal cash or valuable data or use company assets for their benefit. This is considered the misappropriation of company assets.
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Protect your business from fraud
- Establish a dual control security system for online banking. Also ensure you have at least two employees involved in every business transaction.
- Enhance password securities.
- Use multi-factor authentication.
- Install proper firewall and security software to protect your...
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60 reads
Data fraud
Cybercriminals steal business information from companies' databases, for example, financial information, personal information, secret project blueprints, other classified information.
Then they use this information to ask for ransom or sell it to competitors. Data fraud can also occur when ...
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The Reasons To Read More
- Reading is our moral duty: We read because knowledge is power. We become weak and are easily manipulated if we don’t read.
- Reading is a way to see the future: The truth is old and preserved in most classic books, which is rehashed and repackaged in...
Big data Hadoop
- Ability to store and process huge amounts of any kind of data, quickly. With data volumes and varieties constantly increasing, especially from social media and the Internet of Things (IoT) , th...
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