Telcos are part of the vital infrastructure that serves as a forerunner for the rest of the industry as their digital environments change. Many major telecommunications companies have large retail infrastructures that are purpose-built to onboard new customers in shops, but the retail industry has been harmed over the years by security concerns and the demand for personal involvement at every stage of onboarding. This influences their capacity to effectively grow their user base.

Zero Trust is the term for an evolving set of cybersecurity paradigms that moves an organization’s defensive measures from static, network-based perimeters to instead focus on users, assets, and resources. It is a security mindset where every incoming connection is treated as a potentially malicious request until explicitly verified. This concept was introduced by John Kindervag, one of the world’s foremost cybersecurity experts, and emphasizes three principles.

The increasing use of cell phones has automatically led to unimaginable height of sharing of personal information online. Most routine actions, from providing information over the phone to opening a bank account to placing food orders, may now be accomplished from the convenience of your own home. While the telecom sector has enabled remote procedures, it has also hastened the spread of identity fraud and financial schemes.

Employees in the post-lockdown world have bid goodbye to traditional work environments. Remote and hybrid work is the new normal, with employees expecting full access to their work resources even when working remotely. They might also use multiple devices, even personal ones, to access corporate data.

Identity fraud is the unauthorised use of a person’s personal information by another person to commit a crime or deceive or defraud that person or a third party in order to take advantage of the pleasures that come with that synthetic identity. The majority of identity fraud is performed for financial gains, such as gaining access to a victim’s credit card, bank accounts, or loan accounts.

Technology has expanded the avenues bad actors use to steal identities and sensitive data. However, digital tools are also giving users innovative countermeasures to protect themselves. Here are seven tactics anyone can use to help prevent identity theft.

According to a survey, due to the impact of the rupee depreciation and lower overall expenditure, financial institutions are attempting to optimise their finances as much as possible, and 83% of banks globally are focused their efforts on cost optimization.

Today’s corporations are more digitized than ever before. Banks, financial institutions, and other corporations rely on remote video verification for client authentication, compliance screening and digital onboarding. It enables onboarding your customers more conveniently and helps secure the platform. With online fraud on the rise globally, businesses are highly targeted usually in the signup process.

Historically, the hospitality industry in India did not devote considerable resources to fraud prevention, but this is changing. The scope of fraud in the hospitality industry is becoming more popular, and the Indian hospitality sector must implement tactics and technologies to mitigate these risks.