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SHIELD Launches DeviceSHIELD to Protect Small Businesses

November 25, 2020 / Ankur Saini

SHIELD, the world's driving cybersecurity organization having some expertise in cyber fraud and personality confirmation, today dispatched DeviceSHIELD, a cyber fraud arrangement explicitly intended to battle the expansion in fraud assaults to online organizations during the COVID-19 pandemic. It gives significant insight continuously to recognize counterfeit gadgets and shield organizations from troublemakers, reputational harm, and fraudulent exchanges.

During the COVID-19 pandemic, cyber fraud has become the quickest developing type of crime, putting the two organizations and customers at elevated danger. Today, purchasers are leading more computerized exchanges and utilizing an expanding number of online applications. SHIELD has distinguished a few key ventures in which cyber fraud has ascended because of the COVID-19 pandemic, specifically on-request benefits like food conveyance and ride-hailing, internet business and commercial center stages, online gaming, e-wallets, reliability and cashback contributions, online banking, and diversion.

Over the previous year, the instruments that programmers are utilizing have likewise gotten significantly more modern. Fraudsters are presently utilizing emulators, application cloners, virtual private organizations (VPNs), and worldwide situating framework (GPS) spoofers from cell phones to submit fraud.

"More online transactions means more vulnerabilities to cyber fraud, and the COVID-19 pandemic has made this more relevant than ever," said Justin Lie, CEO of SHIELD. "43% of online attacks are now aimed at small businesses, with only 14% actively prepared to defend themselves.2 We have created a technology to protect online industries we believe are worst affected by COVID-19. However, any businesses with less than 100,000 monthly active users will receive it for free, which equates to roughly 90% of all online businesses."