Removing the cyber criminal’s mask of anonymity
Cyber crime is a serious business in Asia Pacific, with over US$1.7 trillion lost to cyber attacks last year, equating to 7% of the region’s GDP and representing around a third of overall global cyber crime.
This is largely because digitalization is rapid and technologies to combat cyber threats aren’t being implemented quickly enough to keep up; as fast as detection and prevention techniques improve, cyber crime continues to become more sophisticated. Attitudes towards cyber security are outdated, with a survey of IT and business decision makers revealing that although half have experienced a cyber attack, only a fifth see cyber security investments as a business differentiator.
With an ever-increasing number of entry points for cyber crime in the form of connected devices, a solution is needed to identify fraudulent users and block suspicious activity at the source – and IP geolocation provides a valuable tool to achieve this.
The simplicity of digital disguise
The major reason cyber crime is so difficult to detect and prevent is the borderless nature of the internet, which enables illegal activity to be executed from anywhere in the world. Fraud follows money and the internet makes this easier to do. From malicious scams and ransomware to account takeover or application fraud, the culprits can target businesses and users on the other side of the globe, with little risk of being caught. ..Read More..