Tag Archives: cyber fraud

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What Is Disaster Recovery As a Service? (DRaaS)

Your business and processing data is sensitive and critical to your operation. You must ensure the data you hold stays protected and secure as well as possible. But your data could be lost, exposed, or otherwise at risk from a cyberattack, a natural disaster, or an equipment failure.

You can recover and protect your data through a Disaster Recovery As a Service or DRaaS setup. A DRaaS program will help you back up your data and IT infrastructure in an outside cloud computing setup. A third party will provide the cloud access you require for handling whatever tasks you wish to complete, plus it reduces the risk of your data being permanently lost due to a disaster.

DRaaS provides a simple solution for work that is effective and easy to follow. You won’t have to own the equipment necessary for your recovery needs. You will get access to the equipment through your service provider. The process ensures your data stays safe and that you can recover it as necessary. It also prevents downtime, ensuring you can continue to function.

The Main Steps

DRaaS efforts help you get your physical or virtual servers running once more following a disaster or any other form of disruption in your work environment. The work entails three steps:

  1. Your data is replicated and sent to a disaster recovery service. The group will remotely host your data.
  2. The data goes to a secondary site hosted by your recovery service provider.
  3. The data goes back to the primary site after the data is recovered and the original site can get back to work. The failback process ensures proper protection and operation for as long as necessary, reducing the risk of possible harm or data loss.

Safety For Your Replicated Data

Your data must stay safe while in a replicated environment. A DRaaS provider must include a few points for work:

  • The replication process should include physical and virtual servers to provide regular access to your system. Redundant systems are not required, but they are encouraged.
  • The replication also requires regular data snapshots or backups. These will preserve your data and prevent data loss from occurring in your work.
  • Everything must be online for as long as possible. The data should move to a suitable outside server in less time. Extended downtime periods can harm your business operations and keep you from earning as much business as necessary.

Where Will the Data Go?

The DRaaS process will allow your data to move in the right places to keep it intact. The DRaaS effort requires a production version and two backups for success. There should also be at least two backup formats, including one that is stored off-site. A cloud backup system is desired, as it is easier to recover the data from such a material at any point.

A Protective Effort

DRaaS provides protection to all the data a business may utilize. The DRaaS system can help create new virtual setups for use until you can get a new laptop or another item ready for your use.

DRaaS support also works for all threats in your business, including power outages, hardware failures, network disconnections, and software or IT system errors. The system you hire will ensure you’ll keep your content under control without worry or a risk of losing your work.

Save Your Investments

The greatest part of a DRaaS system is that it prevents your investments from being lost through whatever work you’re trying to complete. You could lose thousands of dollars in business for every hour of downtime when there’s an issue. The totals can add up if you cannot fix the issue sooner, resulting in real threats that may put your business at real harm.

Managed or Assisted?

You can choose from having either a managed or assisted DRaaS system in your business. A managed approach entails an outside party taking over the disaster recovery process. You must stay in regular contact with your provider to see how the process is working and that you have a plan for what you want to do with your work.

An assisted DRaaS platform lets you manage different aspects of your setup yourself. It can also work if you have a custom setup that you might have an easier time managing yourself.

What About Self-Service Platforms?

There’s also the option to use a self-service platform. It costs less money to use this solution, but you are responsible for more things. You must establish your virtual machines in a remote area and test them on occasion to see that they work. You will have access to these virtual features when necessary, but you must check everything well to ensure what you’re operating is handled with care.

Is This the Same As a Backup?

Do not assume that a DRaaS platform is the same as a backup system. A backup only protects your data. The DRaaS system covers your infrastructure, giving you more control over how you manage your data. You will retain access to your items and all the materials you use for reviewing your data. Nothing is lost in the process, giving you the control necessary for whatever bits of work you want to manage.

Backups as a service are best for entities that want to archive their data stores and keep them from being lost. But these should be mixed with other tools and services that can protect your infrastructure. You won’t be capable of reading your data if you don’t have access to the materials needed for storing and securing everything in your space.

DRaaS layouts keep your data online and help you access it in moments. The system works on-demand and offers full control over your assets, reducing the possible risk of harm in your work. Take note of how a DRaaS program can work for your business as you aim to prevent possible data losses and other threats from being a concern in your workplace.

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Merchants Called To the Offensive In Battle Against Cyber Fraud

Cyber Fraud has been a concern that merchants have been dealing with for a while. But the increasing use of online payments during the global pandemic has forced merchants to take it a little more seriously. The risk of fraud has never been greater than it is now.

People are engaging in fraudulent activities while online more than ever. Friendly fraud is a concern, as people are requesting chargebacks on many transactions after they collect their items. While customers are running off with various things, online retailers are losing money from chargebacks. 

Traditional forms of cyber fraud are still prominent. These include the use of malware, remote access Trojans, and other things that can target a merchant’s system. It becomes easy for thieves to steal data and compromise a website with these tools. A business will lose money on chargebacks if this happens. These chargebacks can be worth significant amounts of money, as data thieves often make expensive purchases through the identities they steal.

Online merchants are more susceptible to fraud than ever, but it doesn’t have to be this way. These retailers are working harder than ever to control cyber fraud. They are using many efforts to reduce the risk of fraud and to keep their investments under control. All of these moves are about going on the offensive and working harder towards identifying fraud.

Confirming the Customer’s Identity

Many cases of cyber fraud can occur when a person tries passing oneself off as another person. Online identity theft is a concern, as anyone could log into an account and claim to be that person. The customer will quickly engage in fraud after stealing that identity.

Merchants are fighting this form of fraud by using further measures to confirm each customer’s identity. The business can confirm details like one’s billing and mailing address, credit card data, and other factors.

The customer’s IP address will also be a factor. The IP address of the connection one uses when purchasing something would have to link up to the billing or mailing address one uses, for example.

Customers can also monitor other things surrounding a person’s identity, like one’s phone number or email address. A phone number might be listed in an area outside one’s area or have a billing address outside where one lives. The email address might also look fake or be registered in a different spot.

Other sudden changes like a higher frequency of orders or a significant increase in one’s order amount versus prior purchases could also be points of review. Merchants can check these things to flag possible fraudulent activities that might result in chargebacks.

Managing Internal Data

Internal data can also help identify cases of fraud. The business can monitor all the activities the customer enters. The team can monitor when that person logs into an account, what products someone purchases, unique promo codes one uses, and other activities. A merchant can compare internal data with everything else a customer is doing to confirm a transaction or to directly question whatever someone is doing while online.

The work is about finding unique changes in one’s behaviors. Anything that is out of the ordinary will be flagged. The goal is to prevent the customer from completing the transaction before anything can go forward.

Finding Fraud Through Behavioral Analysis

Artificial intelligence will play a critical role in preventing cyber fraud in the future. Behavioral biometrics technology is one part of the work. This system is a solution where a customer’s behavior is monitored in real-time. The customer’s interactions with online apps and devices are measured to identify how they act and if they show signs of possible fraud. The AI system will review these details and determine if the user is real or if that person is trying to commit fraud.

The behavioral biometrics system can also identify when a user is a remote access Trojan, a malware program, or a non-human entity. The effort can catch parties that might commit fraud. The work does not entail going through specific private details, but rather about confirming the person is accessing a site from a place where one might appear.

Positive Profiling Also Works

Another solution for preventing cyber fraud entails positive profiling. The practice involves using Big Data to review a person’s behavior through various retailers and websites. The customer’s behavior is compared with actions from other confirmed fraud suspects. The customer is screened instead of the transaction, providing a more accurate response to the issue.

Positive profiling is not about trying to uncover private data on a customer. It is about monitoring the customer’s shopping activities. It confirms that the customer is acting like any other shopper and that nothing is out of the ordinary.

A Chronological Analysis

The last point merchants are using to stop cyber fraud entails using a chronological review of everything happening in a chargeback. This part of stopping cyber fraud entails what happens after the transaction, but it can potentially prevent friendly fraud cases.

A time-based review can analyze the customer’s identity, prior purchase or shopping behaviors, and other details surrounding a transaction. The retailer can review how the deal is different or similar to others. The work is about showing that a person might have made a proper transaction and is trying to cheat one’s way out of paying for it. But it could also confirm that a legitimate chargeback is necessary. Whatever the case, it can still reduce the general risk of excess chargebacks in the process.

Will Everything Work?

People are going to keep on attempting cyber fraud no matter what happens. Some people will want a free ride on things, while others might be desperate and willing to do what it takes to avoid spending money on items. Whatever the case, online retailers are more proactive in reviewing possible cyber fraud cases. Their work is about preventing fraud and protecting their investments. With fraud being on the rise, these businesses will need to be more adamant when fighting fraud.

Frequently Asked Questions