Updated on October 24, 2023
The world recently witnessed an increased utilization of digital technology for commercial transactions, health care, and other purposes—all thanks to the COVID-19 pandemic. With the discovery of new digital environments and territories such as the Metaverse and Web3, there’s bound to be a further increase in the adoption of digital technology.
However, this increased utilization of digital technology also comes with an increased risk of security breaches, data privacy violations, and fraud that many organizations are largely unprepared to overcome.
On the other hand, cybercrime and fraud perpetrators are well-equipped to carry out organized and strategic attacks on businesses using sophisticated technology that the traditional means of combating and preventing fraud and cybercrimes can neither predict nor prevent.
If you’re wondering if there’s a way out of this dicey situation, you’re in luck, as we recently had Joshua Bower-Saul, CEO of Cybertonica, as a guest over at our Tech Leaders Hub Fintech series. He shared lots of eye-opening information that will make you better prepared to combat cybercrime and prevent fraud either as a business or as an individual.
If you’re looking to reduce fraud incidents and security threats to your business without inconveniencing your customers or losing your customers’ trust, keep reading to learn how you can achieve that.