Meeting new people online can be exciting and fun for youngsters, however, it also comes with its own fair share of risks and dangers, especially…
Cybercriminals target human or security vulnerabilities in order to gain access to sensitive data or extort money. Though cybercrime should have an easy fix, thwarting…
Discover how Innov8tif Solutions secured the 4th place with a growth rate of 39.8% among local small and medium-sized businesses. Exciting news ahead as Financial Times global website prepares to publish the High Growth Companies Asia-Pacific ranking in March, with Innov8tif on the list. Learn more about the upcoming special report to be published as a supplement in the Financial Times newspaper in April. Join Innov8tif in celebrating this milestone and their commitment to providing leading cybersecurity solutions for business growth.
Manual security protocols are becoming increasingly expensive and inefficient, making it necessary for businesses to automate repetitive tasks and integrate threat intelligence within security systems to combat hackers and fraudsters. Implementing automated solutions such as Security Orchestration, Automation and Response (SOAR) can be a quick win for mid-sized businesses, as it reduces costs and maximizes efficiency among employees. Automation also reduces manual errors and the threat landscape of a business. Overall, automation in cybersecurity provides more benefits than drawbacks and helps businesses stay ahead of hackers and prevent breaches.
Businesses rely on eKYC, an electronic process that verifies customer identity to prevent fraud and ensure compliance. While eKYC has improved the customer onboarding experience, issues such as server downtime, data security, scalability, and user error can cause delays and disruptions. To address these issues, businesses should have an SLA with their service provider, implement proper access controls and encryption, use a scalable system, and educate users on the verification process.
In today’s digital age, cybercrime is on the rise, and no business is immune to the threat. Small and medium-sized enterprises (MSMEs) are particularly vulnerable to cyberattacks due to their lack of resources and understanding of the severity of an attack. MSMEs are often used as bridges to larger targets, as demonstrated by the Target breach. There are four major types of cybersecurity exploits commonly used by fraudsters, namely identity fraud, subscription fraud, business email compromise (BEC), and ransomware. MSMEs need to take proactive measures to prevent and prepare for cyberattacks, such as having proper policies in place before launching services, to mitigate the risks associated with cybercrime.
The tradition of giving red envelopes filled with cash during special occasions such as Chinese New Year has gone digital. Virtual red envelopes are a modern take on the tradition, allowing people to send and receive money through mobile apps and online services. WeChat, a Chinese messaging app, introduced virtual red envelopes in 2014, and it instantly became a smashing hit! Virtual red envelopes have become popular not only in China but also globally because they are easy, efficient, and convenient. In this article, we explore why virtual red envelopes are so popular, how they work, and the red flags and best practices to be aware of to avoid fraud.
Join Innov8tif and Malaysia External Trade Development Corporation (MATRADE) at the 2023 exhibition in Malaysia Export Exhibition Centre (MEEC). Discover the latest innovative technologies and products showcased by Innov8tif in collaboration with MATRADE. Don’t miss out on this exciting opportunity to explore the future of technology and business!
Innov8tif awarded Patent Grant No. MY-192715-A by MyIPO for innovative technology that uses computer vision and deep learning to authenticate Malaysian ID documents via multiple digital images, validating security features like holographic images and microprints.
In digital business, user authentication is important but siloed systems can create problems like cybersecurity risks, downtime, and high maintenance costs. To scale globally, businesses need to consider factors like software, hardware, architecture, and automation. A scalable ID authentication system should be integrated, secure, and provide a good customer experience. Automation is necessary to identify new threats and maintain high security. IAM can specify the right people, but manual configuration can lead to errors and delays, so automation is needed to stay secure and relevant.