digital fraud in the pandemic world
Credit: Pixabay/CC0 Public Domain

Writing in the International Journal of Intellectual Property Management, a digital technology leader at telecommunications conglomerate Verizon discusses the impact of the COVID-19 pandemic on digital transformation and digital fraud in the U.S. economy.

Shashidhar Hiremath reiterates just how much of an impact the COVID-19 pandemic has had on the U.S. economy, broadly speaking. Of course, a similar picture is seen across the globe. Tourism, air travel, the housing market, information technology, hospitality, and food industries have perhaps been detrimentally affected the most. However, there have also been some upturns in the fortunes of those companies facilitating working and learning from home and people sharing activities remotely.

An unwanted area of growth during the pandemic was, of course, cybercrime, says Hiremath. The incidence of internet theft, phishing scams, and financial fraud all increased during the pandemic. This was presumably partly due to it being a time when many people were at their most vulnerable and susceptible. Moreover, infrastructure and IT support that would provide checks and assurances were not necessarily in place in the home, or remote-working, environment for countless computer users in the workforce.

Criminals will always find a way to exploit vulnerabilities and even create new ones. The nature of social change that was wrought by the emergence of a lethal coronavirus at the end of 2019 has given us what is euphemistically known as the “new normal.” Unfortunately, the new normal has given criminals new opportunities. It is time for a detailed study of how the world has changed in this realm, suggests Hiremath. In the new normal, we may well need new laws and policies to help protect people from the ever-changing landscape of cybercrime and digital fraud, internet theft, and more. More information: N.A. Shashidhar, Impact of COVID-19 pandemic on the digital transformation and digital frauds in the US economy, International Journal of Intellectual Property Management (2022). DOI: 10.1504/IJIPM.2022.124648 Provided by Inderscience Citation: Digital fraud in the pandemic world (2022, August 8) retrieved 8 August 2022 from https://techxplore.com/news/2022-08-digital-fraud-pandemic-world.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

TECH NEWS RELATED

Logitech G502 X Lightspeed review: The perfect mouse for MMO players

The Logitech G502 X Lightspeed is a reinvention of one of Logitech's most iconic mice. The G502 has always been a perennial favorite, thanks to its multiple programmable buttons and comfortable, ergonomic shape. The G502 X Lightspeed builds on the improvements already made in the previous Lightspeed model, featuring ...

View more: Logitech G502 X Lightspeed review: The perfect mouse for MMO players

Marvel’s Armor Wars is now a movie, not a Disney Plus show

Marvel is turning many of its projects that once would have been movies into TV shows, but one of the studio’s upcoming shows is now being redeveloped as a movie. According to The Hollywood Reporter, sources claim that Marvel has scrapped the Armors Wars series in favor of an ...

View more: Marvel’s Armor Wars is now a movie, not a Disney Plus show

The 16 best Fortnite players in 2022

The gaming world assumed a new type of ecstasy with the advent of Fortnite in 2017. Epic Games’ Fortnite has redefined what online gaming represents. It went from being a four-player survival game to being the delightsome sensation that continuously arrests the attention of millions of internet users. In ...

View more: The 16 best Fortnite players in 2022

Tata Digital revenue jumps three-fold to about Rs 16,000 crore after acquisitions

Tata Digital, a subsidiary of the Tata group that invests in and operates its ecommerce vertical, reported a three-fold jump in consolidated revenue to Rs 15,979 crore in financial year 2021-22 (FY22) from Rs 5,315 crore in the previous financial year (FY21), according to the latest regulatory filings sourced from ...

View more: Tata Digital revenue jumps three-fold to about Rs 16,000 crore after acquisitions

Good Glamm to take beauty brands to international offline retail

Direct-to-consumer group Good Glamm will take four of its acquired beauty brands—Sirona, The Moms Co, St Botanica and Organic Harvest—to international markets, starting with retailing in large stores such as Carrefour, Lulu Mall and BabyShop in Dubai, Qatar and Saudi Arabia, Good Glamm founder Darpan Sanghvi said. The move is ...

View more: Good Glamm to take beauty brands to international offline retail

TCS poised to seal likely $2 billion deal for BSNL 4G

Tata Consultancy Services (TCS) and Bharat Sanchar Nigam Ltd (BSNL) are in the final stages of closing an estimated $2-billion deal (Rs 16,000 crore) to launch the state-run telco’s 4G network, people in the know told ET.The two companies have bridged differences over pricing and other commercial terms, they said, ...

View more: TCS poised to seal likely $2 billion deal for BSNL 4G

Samsung Galaxy S23 Ultra has minimal design changes

We may be several months away from the Samsung Galaxy S23 series launch. However, the leak floodgates are definitely open! After a multitude of leaks, we finally got design renders showing the design of the flagships. The Samsung Galaxy S23 and Galaxy S23+ had their design revealed a few days ...

View more: Samsung Galaxy S23 Ultra has minimal design changes

Microsoft Surface Studio 3 has been spotted

According to reports, Microsoft is gearing up to launch new Surface products soon. On October 12, the company will host a conference. As per the leaks, it will unveil a bunch of new products including the Microsoft Surface Studio 3. Apparently, the new device is already giving important steps to ...

View more: Microsoft Surface Studio 3 has been spotted

Google Stadia To Shutdown In Three Months Time

Stadia is Shutting Down in January — Will You Be Refunded?

Should C/C++ be deprecated in favour of Rust?

Most hackers need 5 hours or less to break into enterprise environments

Atlassian takes aim at app sprawl with collaboration-suite subscription service

Malware builder uses fresh tactics to hit victims with Agent Tesla RAT

Hong Kong central banker Eddie Yue says domestic consumption can drive economic growth, counter high borrowing costs

The internet’s favorite Canadian comedy is about to move from Netflix to Hulu

Infinix Zero 20 brings a 60 MP selfie with OIS; Infinix Note 12 (2023) tags along

Singapore-style hawker centre comes to America

Anker Debuts New Soundcore Liberty 4 Earbuds With Heart-Rate Monitor

Collective effort is needed to help children thrive following exposure to online risks

OTHER TECH NEWS

Top Car News Car News