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How App makers influence threat agents
Security threats have been reported all around the world in the case of public internet traffic. The customer deals with products that involve a transaction. The cybercriminal scams the transaction in a variety of ways. He or she may steal any customer’s financial data from the website or app. This act is called the Denial of service (Dos)(Iwendi,.et al 2020). What happens if the app or the website has a low level of security. It becomes very susceptible therefore fails to protect them from customer information and transactions. The higher the threat agent has persuaded, the higher harm can lead individuals to be harmed or even lethal. The lower the inspiration they get, the lower the liability caused.
The major challenge facing financial firms is securing the transaction data. Companies that use the customer’s face as the biometrics particularly have this problem. This procedure uses the camera to capture the data and authenticate the server’s data to process a product transaction. A cybercriminal takes hacks the camera image when the customer is using the phone. Using the accepted face data, the hacker can use a screen to show the customer’s face for the camera to validate a transaction on the store. It results in the customer’s loss.
The app maker influences a customer-facing store that processes financial transaction data. The threat agents are always motivated to attack the system for their gain. First, the attackers might want to blackmail end-users for useful data. The scammers may lure the users into clicking malicious links and giving out information. They might also want to buy-products for no price and raise prices of goods with fake value. The threat agent may also aim to misuse the customer’s details(Amhed.,2020). The theft of product return. The attackers practice fraudulent transactions where they return a fake product for the money. The most dominant reason for the attack is the financial benefit.
The accessibility of sensitive information in the systems motivates them to hack. Hackers steal information and look for companies interested to buy the story. It is for malicious aims of reaching a competitive advantage. The end goal for each threat is for monetary gains(stokel-walker,2020). Security researchers, on the other hand, may not report any vulnerabilities of the system. They intentionally do this to benefit from the customer’s information. A company or an organization must protect customer’s credentials and knowledge.
Ahmed, S. R. (2020). Threat Agents and the Impact of Identity Crime. In Preventing Identity Crime: Theft and Identity Fraud (pp. 187-235). Brill Nijhoff.
Iwendi, C., Jalil, Z., Javed, A. R., Reddy, T., Kaluri, R., Srivastava, G., & Jo, O. (2020). Keysplitwatermark: Zero watermarking algorithms for software protection against cyber-attacks. IEEE Access, 8, 72650-72660.
Stokel-Walker, C. (2020). Can mobile contact-tracing apps help lift the lockdown? BBC.
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