Attention online retailers and e-commerce vendors: When it comes to protecting client-side data and online payments against digital skimming and Magecart attacks, there’s a new sheriff in town.
Many of us are finally starting to plan our long-awaited holiday trips and vacations—perhaps the first chance for a real getaway since the pandemic started. You may plan on redeeming those long-untapped air miles or hotel points that have sat gathering dust in your loyalty programs. Imagine your surprise if you find the loyalty points have been siphoned away by cybercriminals who have defrauded or compromised your loyalty accounts.
NFT marketplaces, and organizations considering other Web3 business models, need to understand and address the fast-changing security requirements of doing business in the metaverse. To be successful, these new digital exchanges will need to offer dynamic security defenses against bot and other cyberattacks to safeguard their NFT investments, marketplace reputation, and the activities and experiences of customers.
Companies must be prepared to defeat modern cyberattacks and protect their e-commerce business to ensure a seamless and secure user journey to checkout. Accordingly, organizations should connect their security and fraud solutions and teams to provide real-time monitoring and intelligence that mitigate both human and automated fraud before it impacts the business—without disrupting the customer experience.
The ability to leverage existing financial services products to build new offerings in spaces like lending, payments, and insurance has made it vastly simpler for consumers to complete transactions, manage their financial lives, and control their personal data. At the same time, open API protocols are driving innovation across financial services, and creating significant revenue streams for financial institutions. But where there’s reward, there’s invariably risk.