James Efron is a tech enthusiast, currently serving as infosecurity management expert at Shufti Pro. In previous roles, he has designed organisational strategies for tech firms.
Facial Recognition Integrated With DL - A Better Way To Verify Digital Identities
Where the pandemic became a curse for the entire world, it also brought some benefits for individuals. One of the main (and probably only) plus points was the excessive digitization of the world. When everything from schooling to grocery shopping shifted to digital spaces, the situation stimulated businesses to strive for online existence.
NFC Technology Gaining Ground in 2021
The world of digitization never gets old. Technology counties to innovate various sectors including healthcare, e-commerce, banking, and travel. With the surge in tech-driven solutions, combating digital fraud remains a big concern for customers and enterprises alike. NFC is one emerging technology that is gaining ground in the corporate market due to the convenience and security it provides.
COVID Report Verification Assists Travel Industry
The travel industry has encountered approximately the greatest visible conflicts during the Covid-19 pandemic. Cruises have turned out to be routes of Covid-19 spread, the travel industry has laid off employees and theme parks have faced massive losses and become turning points for criticism as they’ve reopened during the COVID-19 pandemic. The deteriorating condition of coronavirus has required regulatory authorities to enforce limitations on numerous sectors to control the spread of the disease. Several countries of the world have restricted passengers from travelling and the United Kingdom is one of them. As stated by the law, nobody can travel abroad for leisure or vocational purposes. Passengers will be asked to show their negative test before onboarding, and transport operatives might deny boarding if required. The reports must be authenticated to make sure that travellers are not using false or tampered reports for deceiving the checks. The process is manual right now and requires at least an hour as stated by the BBC reports.
Christmas - Devising Cybersecurity Headlines
Santa-Claus is on his way! With the end of cyber Monday deals, you’re promptly on the hunt for the most desirable Christmas sales. Well, accidentally, the hunter becomes the hunted! In the race from one shop to the next, it’s simple to become absent-minded, wildly opening emails or text messages from your smart gadget, seeking that last-minute sale from your desired retail store. Many buyers beat celebration gatherings by buying presents online but as online deals rise, so do cyber attacks. As stated by Deloitte’s annual retail holiday sales forecast, there is assumed to be up to a 22% rise in online purchases related to last year. Additionally, online sales are anticipated to reach up to nearly £100 billion during the festive season.
Healthcare Digitization: Why It is The Need of The Hour?
In this age of technological disruption, businesses are under massive pressure to digitize operations for delivering better services to their clientele. Digitization and automation have been the key business drivers for companies in different industries. According to Mickensey, 64% of the businesses could save up to 30% of their time with automation in their workflows.
Video KYC- A Digital Solution for Digital Currency
Since the financial industry’s revolution into the digital world, the mode of currency has also changed. Cryptocurrency -- a digital currency or asset -- is becoming more common than ever. Digital currency has its pros but it has also led to an increase in fraudulent activities in the financial industry. This is why the need for advanced verification solutions such as video KYC has risen. It is a process of verifying the identity of the person through an interview with a KYC expert on a live video call. Let’s discuss in this blog how video KYC plays a key role in stopping the use of cryptocurrency in criminal activities.
5 Tips to Execute a Successful ICO
The global blockchain market size is expected to reach $57 million by 2025. And as per Kaspersky, 19% of people bought cryptocurrency before 2019. In response to this acclaim form the global investors and users of cryptocurrency, many cryptocurrencies are forming, even Facebook launched its digital currency named Libra.
How Identity Verification can keep a tight rein on rising Cybercrimes?
Cybercriminals have increased immensely over the years due to rapid strides in the tech world. Cybercriminals have risen 5 times in 4 years according to recent reports. Internet connectivity has clamped up the volume and pace of cybercriminal activities as internet usage is increasing. It is challenging to keep the pace up with new technologies and related security threats. Precautionary steps should be taken to avoid falling prey to cyber-attacks which are of many types. With the character assassination of individuals and multi-crore frauds by lurking its way through popular social media platforms cybercrime has taken a curious turn in recent times. At the global level, the U.S. is taking giant strides forward in terms of implementing cybersecurity. In 2017, two cybercrime major incidents brought down government networks that sent an alarming signal. The need to implement impenetrable cybersecurity systems received an added push.