How Fraudsters Steal Your Data in the Digital Age

How Fraudsters Steal Your Data in the Digital Age

Cyber theft crimes include a variety of internet assaults designed to take advantage of others. This article will teach you more about these illegal operations utilizing computers and the internet. While it’s impossible to protect yourself from scams and digital data thieves, you can take steps to protect yourself and your data.

Social engineering attacks

Fraudsters are increasingly using social engineering to try and trick companies into divulging confidential information. These attacks occur through phishing, phone calls, and emails and can also be carried out by physical access to a company’s premises. While there are ways to minimize the chances of an attack, it is essential to remember that this type of fraud relies on the trust that gullible employees have in external contractors. This is where good security practices and backups can come in handy.

A successful social engineering attack can cause a company to lose millions of dollars quickly. For example, a 2011 data breach at the security company RSA involved phishing emails sent to small groups of RSA employees. The emails included an Excel file with malicious malware. They also inserted a backdoor using an Adobe Flash vulnerability. As a result, RSA paid a whopping $66 million to recover from the assault.

Phishing

When you receive an email saying that your bank account has been compromised, it may signify a phishing scam. Phishing attacks often pose as reputable institutions, causing users to panic and click on malicious links or attachments. These messages often contain account closure …

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How to Get Started in FinTech Careers – A Guide for Beginners

How to Get Started in FinTech Careers – A Guide for Beginners

Many financial institutions today heavily rely on financial technology to run their infrastructure. This has led to an unprecedented shift in how fintech is impacting financial services. As a result, today more and more financial organizations require qualified and talented professionals who add value to the company.

Even as financial organizations continue to get accustomed to today’s tech-driven economy, as a finance professional you must equip yourself with the necessary tech skills to thrive in this fast-moving digital environment. Since the industry is relatively new, you might be wondering where to start. Here are the steps to point you in the right direction as you journey into fintech:

Start with the basics

To start your career on the right foot, you can start by enrolling in the best online fintech courses available today. These courses are designed to offer you an introductory understanding of what is involved in FinTech. You’ll learn about the approaches, opportunities, tools, methodologies, threats, processes, competition, and all you need to know to ensure you choose the right career choice for you. Also, some of the fintech courses focus on a specific topic – like AI or Blockchain.

Understand the industry

FinTech brings together two complicated worlds of finance and technology making it a rewarding industry. This leads to a combination of creativeness and modernization. For this reason, it’s important that you first understand the industry you want to get into.

A start-up business would not want to hire an applicant whom they have to constantly …

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