Financial losses

Understanding the Implications of the Digital Dollar and Concerns Surrounding Transaction-Monitoring

Source Node: https://platodata.network/platowire/understanding-the-implications-of-the-digital-dollar-and-concerns-surrounding-transaction-monitoring/
Time Stamp: April 5, 2023 12:31 PM - Modified On: April 5, 2023 - Published By:
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Republished By Plato

In recent years, the concept of a digital dollar has gained traction in the United States. A digital dollar would be a digital version of the US dollar that could be used for transactions and payments, much like physical cash. While there are potential benefits to a digital dollar, there are also concerns surrounding transaction-monitoring and privacy.One of the primary benefits of a digital dollar is increased efficiency and convenience. Digital dollars could be used for transactions online and in-person, eliminating the need for physical cash and reducing the risk

Addressing Data Management Challenges: A Guide for FIs

Source Node: https://platodata.network/platowire/addressing-data-management-challenges-a-guide-for-fis/
Time Stamp: April 4, 2023 5:06 PM - Modified On: April 4, 2023 - Published By:
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Republished By Plato

Data management is a critical aspect of financial institutions (FIs) as it involves the collection, storage, processing, and analysis of vast amounts of data. However, FIs face several challenges in managing their data effectively. These challenges include data security, data quality, data integration, and data governance. In this article, we will discuss these challenges and provide a guide for FIs to address them.Data SecurityData security is a significant concern for FIs as they deal with sensitive financial information. Cyber-attacks and data breaches can result in significant financial losses and damage

The Role of AI in Detecting Fake NFTs: An Overview

Source Node: https://platodata.network/platowire/the-role-of-ai-in-detecting-fake-nfts-an-overview/
Time Stamp: March 31, 2023 1:18 PM - Modified On: March 31, 2023 - Published By:
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Republished By Plato

Non-fungible tokens (NFTs) have become increasingly popular in recent years, with the market for these digital assets growing rapidly. However, with the rise of NFTs has come the issue of fake NFTs, which can be difficult to detect and can lead to significant financial losses for buyers. This is where artificial intelligence (AI) comes in, as it can play a crucial role in detecting fake NFTs and ensuring that buyers are getting what they paid for.So, how does AI help in detecting fake NFTs? One way is through image recognition

Why Managed IT Services Need to Prioritize Disaster Recovery Planning

Source Node: https://platodata.network/platowire/why-managed-it-services-need-to-prioritize-disaster-recovery-planning/
Time Stamp: March 31, 2023 11:15 AM - Modified On: March 31, 2023 - Published By:
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Republished By Plato

Disasters can strike at any time, and they can have a devastating impact on businesses of all sizes. From natural disasters like hurricanes and floods to cyber attacks and hardware failures, there are many potential threats that can disrupt your business operations and cause significant financial losses. That's why it's essential for managed IT services to prioritize disaster recovery planning.Disaster recovery planning is the process of creating a plan to restore your IT systems and data in the event of a disaster. This plan should include procedures for backing up

New AI-powered capabilities now available on Ternary’s cloud spend management platform

Source Node: https://platodata.network/platowire/new-ai-powered-capabilities-now-available-on-ternarys-cloud-spend-management-platform/
Time Stamp: March 24, 2023 7:00 AM - Modified On: March 24, 2023 - Published By:
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Republished By Plato

Ternary, a leading provider of cloud spend management solutions, has recently announced the release of new AI-powered capabilities on its platform. These new features are designed to help businesses optimize their spending and improve their financial performance.The new AI-powered capabilities on Ternary's platform include advanced analytics, predictive modeling, and machine learning algorithms. These tools enable businesses to gain deeper insights into their spending patterns and identify areas where they can reduce costs and improve efficiency.One of the key benefits of these new capabilities is the ability to identify and prevent

Hindenburg’s criticism of crypto company leads to decrease in block shares

Source Node: https://platodata.network/platowire/hindenburgs-criticism-of-crypto-company-leads-to-decrease-in-block-shares/
Time Stamp: March 23, 2023 3:01 PM - Modified On: March 23, 2023 - Published By:
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Republished By Plato

In the world of cryptocurrency, the power of criticism cannot be underestimated. Recently, a critical report by Hindenburg Research on a crypto company led to a significant decrease in its block shares. This event highlights the importance of transparency and accountability in the cryptocurrency industry.Hindenburg Research is a well-known investment research firm that specializes in uncovering fraudulent companies. In June 2021, the firm published a report on Block.one, a blockchain technology company that created the EOS cryptocurrency. The report accused Block.one of engaging in illegal activities and misleading investors.The report

Qolo, the provider of omnichannel payments, forms a partnership with PayQuicker.

Source Node: https://zephyrnet.com/omnichannel-payments-provider-qolo-inks-partnership-with-payquicker/
Time Stamp: March 21, 2023 1:56 PM - Modified On: March 21, 2023 - Published By:
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Published by Plato

Qolo, a leading provider of omnichannel payments, has recently announced its partnership with PayQuicker, a payment solutions provider. This collaboration is aimed at providing businesses with a more efficient and streamlined payment process.Qolo's platform enables businesses to accept payments from multiple channels, including credit cards, bank transfers, and digital wallets. With this partnership, PayQuicker's payment solutions will be integrated into Qolo's platform, allowing businesses to access a wider range of payment options.The partnership will also provide businesses with faster and more secure payment processing. PayQuicker's payment solutions are designed to

Why Controlling Third-Party Data Risk is Crucial for Cybersecurity

Source Node: https://zephyrnet.com/controlling-third-party-data-risk-should-be-a-top-cybersecurity-priority/
Time Stamp: March 21, 2023 10:00 AM - Modified On: March 21, 2023 - Published By:
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Published by Plato

In today's digital age, businesses rely heavily on third-party vendors for various services such as cloud storage, payment processing, and customer support. While outsourcing these services can provide numerous benefits to companies, it also exposes them to significant cybersecurity risks. Third-party data breaches can have severe consequences, including financial losses, reputational damage, and legal liabilities. Therefore, controlling third-party data risk is crucial for cybersecurity.Third-party data risk refers to the potential harm that can result from the use of third-party vendors' services or products. These risks can arise from various factors,

“Exploring the Security Implications of Shadow SaaS Usage”

Source Node: https://zephyrnet.com/is-shadow-saas-a-security-risk/
Time Stamp: March 20, 2023 3:25 AM - Modified On: March 20, 2023 - Published By:
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Published by Plato

Shadow SaaS usage refers to the use of unauthorized cloud-based software applications by employees within an organization. This is a growing concern for businesses as it poses a significant threat to their security. Shadow SaaS usage can lead to data breaches, loss of intellectual property, and other security risks.The use of unauthorized software applications by employees is not a new phenomenon. However, with the rise of cloud computing, it has become easier for employees to access and use cloud-based software applications without the knowledge or approval of their IT departments.

Microsoft Azure Reports Increase in DDoS Attacks Targeting Healthcare Industry

Source Node: https://zephyrnet.com/microsoft-azure-warns-on-killnets-growing-ddos-onslaught-against-healthcare/
Time Stamp: March 17, 2023 4:15 PM - Modified On: March 17, 2023 - Published By:
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Published by Plato

The healthcare industry is a prime target for cybercriminals, and the recent Microsoft Azure report on DDoS attacks is a stark reminder of this fact. According to the report, DDoS attacks targeting healthcare organizations have increased by more than 300% over the past year. DDoS, or distributed denial-of-service, attacks are a type of cyberattack in which malicious actors flood a network with traffic in order to overwhelm it and prevent legitimate users from accessing it. These attacks can be used to disrupt operations, steal data, or even extort money from

Understanding the Process of Domain and Subdomain Hijacking by Attackers

Source Node: https://zephyrnet.com/how-do-attackers-hijack-old-domains-and-subdomains/
Time Stamp: March 16, 2023 1:00 AM - Modified On: March 16, 2023 - Published By:
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Published by Plato

Domain and subdomain hijacking is a type of cyber attack that occurs when an attacker takes control of a domain or subdomain without the knowledge of the legitimate owner. This type of attack can have serious consequences, as it can lead to the loss of sensitive data, financial losses, and even reputational damage. In this article, we will discuss the process of domain and subdomain hijacking by attackers, the risks associated with it, and how to protect yourself from such attacks.The process of domain and subdomain hijacking begins with the