Uploaded on Apr 1, 2021
https://fundingshield.com/service-provider-compliance/
Financial Protection
Cyber Security Can Provide Financial Transactions
Online
Being financially secure enough to enjoy your life is the first thing on the mind. However, there
is stress of all the expenses that come knocking at your door, like purchasing a car, buying a
house and starting a family, the idea of saving seems too far-fetched.
Contrary to the popular thought process, aiming for financial security need not be an exercise in
self-deprivation. In fact, setting this target only result in rewards and benefits as financial
insecurity can become a serious source of stress.
Financial security does not merely come from saving and building a reliable source of fund to
fall back on, it also implies keeping your financial transactions safe and secure. In present times,
when a number of financial dealings and transactions take place online, there is a dire need for
financial protection.
Funding Shield offers industry leading FinTech B2B & B2B2C fraud prevention solutions that
deliver transaction-level coverage against wire and title fraud, settlement risk, closing agent
compliance and cyber threats. This greatly reduces operating costs and improves asset quality.
What is Cyber Security?
Cyber threats are no joke and can strike anytime from any level of association. No business and
financial institution can ignore cyber security. Cyber and financial fraud affects all kinds of
businesses and causes financial damage and creates dent in the reputations of the companies
involved.
Reasons why cyber security is required
Cyber-attacks affect all
Cyber attacks can occur on a worldwide scale, with programmers breaking government
organizations and financial crooks looking to make monetary gains out of fleecing people out of
their hard-earned money. With danger lurking in the cyber arena, ignoring risk when it comes to
cyber security can be disastrous. As is evident from the hacks and scams, it is not only the big
corporations in danger, but also the finances and assets of common people.
Hackers are getting smarter
Data points towards cyber criminals getting savvier and constantly changing their tactics. There
is a need to beat the hackers at their own game by keeping up to date on the latest security
threats. By making use of white-hat hackers you can stay ahead of potential risks.
The internet of things is expanding
The digital revolution has created an onslaught of sorts of smart gadgets which are all connected
to the cyber world, which is only expanding the scope of the internet of things (IoT). There is
easy access of all kinds of personal data on social media and with many financial transactions
taking place online, cyber criminals have identified many attack fronts via Bluetooth and Wi-Fi.
Funding Shield makes use of User-centric Plug’n’Play tools that are scalable, pay-per-loan,
secure, cloud-based and integrate easily through APIs driving ROIs greater than 200%.
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