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There is no wonder that the widespread digital transformation in recent decades has played a role in the rise of cyberattacks around the globe. Modern technology allows cybercriminals to use sophisticated and tech-savvy tricks to exploit their target’s security. This further expanded the ways bad actors can harm businesses and government institutions, allowing them to
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The world today is in a constant digital transformation resulting in various innovations like artificial intelligence or AI. In truth, people see evidence of AI in many environments, from interactions with virtual assistants to conversations with chatbots. Accordingly, advancements in conversational artificial intelligence in addition to growing customer demand for better remote customer assistance are
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Authenticating persons with biometric data is a secure and quick method of establishing an individual’s identity. Additionally, firms can use it to verify distant employees and high-risk customer transactions. A biometric key is unique to each individual and extremely dependable when appropriately used. It is possible to generate unique biometric keys to safeguard one’s privacy
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Another form of fraud involves creating fraudulent financial statements. This involves presenting a false statement to an entity. This kind of fraud is committed by the business owner or manager to hide their true financial position or to avoid an audit. It is more difficult to detect as technology improves and financial transactions increase. It
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