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fraud

Stay Vigilant: Red Flags and Warning Signs of Crypto Fraud in the Australian Market

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In the ever-evolving landscape of cryptocurrency, navigating the Australian market requires a keen eye for red flags and warning signs of potential fraud.

With the growing popularity of digital currencies, scammers are finding increasingly sophisticated ways to exploit unsuspecting investors.

Here is a look at the key indicators of crypto fraud to protect yourself and your investments from malicious actors. This blog post will also discuss the crypto-related scam that makes ASIC concerned about crypto. [Read more…] about Stay Vigilant: Red Flags and Warning Signs of Crypto Fraud in the Australian Market

Innovative methods of protection against fraud in the banking system

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Trends in the use of artificial intelligence are no longer new, but the application of AI-based fraud detection in banking is intriguing.

After all, the emergence of online payment platforms and digital banking means that banks are no longer just physical institutions it is much more.

Also, it has become very convenient to use not only for users but also for fraudsters who want to make money. They are constantly improving and inventing new schemes, which gives impetus to the development of new security systems. [Read more…] about Innovative methods of protection against fraud in the banking system

The Impact of AI-Based Applications on E-Commerce

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AI is becoming an integral part of our lives, and we are using its advantages in all areas, including trade. Let’s look at how AI-powered applications are impacting the development of e-commerce.

Under the influence of today’s digital world, the rapidly evolving realm of e-commerce has undergone a major facelift. The recent rise of AI has impacted not only people but businesses as well.

Thanks to the latest AI-driven functionalities and products in e-commerce, you’ll surely have noticed how your favorite website has changed for the better. [Read more…] about The Impact of AI-Based Applications on E-Commerce

Protecting Your Business from Payment Fraud: 5 Tips for Securing Your Online Transactions

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The world of buying and selling has experienced tremendous change. These days, businesses are not only going digital, but the means of payment are also changing. There are now online payment alternatives to the traditional means of payment.

As a business owner, having an online payment facility where your customers use their credit and debit cards or even their mobile wallets makes payments for goods and services convenient, especially when they do not have physical cash.

As online payments grow, online scams and payment frauds also grow. Digital payments come with many security risks and data breaches, which could harm a business if not adequately addressed. [Read more…] about Protecting Your Business from Payment Fraud: 5 Tips for Securing Your Online Transactions

A Quick Guide to Financial Process Automation with Machine Learning

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By Yevhen Krasnokutsky, AI/ML Solution Architect at MobiDev

Fintech startups are flourishing since our lives shifted to an online format. Statista reveals that as of November 2021, there were 10,755 startups in the Americas alone.

This number is still growing in 2022, and that’s why traditional financial companies encounter difficulties trying to withstand competition and remain effective. By adopting machine learning solutions, such companies can optimize main business processes and foster customer loyalty.

So, in this article, we’re going to lift the curtain on machine learning (ML) approaches that enable process automation. [Read more…] about A Quick Guide to Financial Process Automation with Machine Learning

How automation is helping businesses fight hackers

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As long as there is a growing demand for tech, hackers will always find more effective ways to steal data and wreak digital havoc.

Fortunately, we can rest easy as the cybersecurity industry harnesses new technology to prevent all forms of cybercrime. Automation will play a critical role in protecting data centers and keeping sensitive information safe.

The industry is evolving as new threats emerge. [Read more…] about How automation is helping businesses fight hackers

How to automate pre-employment checks at your workplace

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The Human Resources department is one of the busiest in any company. They don’t generate profit in a direct way – they’re not the one manufacturing or selling goods, they don’t interact with the clients, but their job is even more important than that.

They keep the whole place running and this is a high responsibility. Fortunately, HR managers in Australia can use digital technology to automate many of their routine jobs, so the personnel can focus on economic forecasts and streamlining the company’s activity.

Here are a few ideas to automate pre-employment checks in your company. [Read more…] about How to automate pre-employment checks at your workplace

What are the benefits of machine learning in business?

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Machine learning makes our lives so much easier every day. Work that used to take people several hours or even days now can be completed in a blink of an eye by artificial intelligence program.

Due to that, we have less work to do and more spare time.

Also, there are no “human” mistakes involved in the process. [Read more…] about What are the benefits of machine learning in business?