Let me share the latest stock market fraud going around the country. The terms you will be hearing are: Institutional Trading Block Deals AI Algorithms, and Confirmed IPO allocations Modus Operandi You will be searching for some Stock Market resources on the Social Media Websites Advertisement lures you with 10x to 30x returns Invitation comes to join a WhatsApp or Telegram Group You will find several people posting their trade screenshots Each one of these screenshots shows 30%-50% gains An 'expert' will help you with formalities to open an account You have to invest anything from 1 - 10 lakhs (1 million) You will deposit the money into various bank accounts (why?) as advised by the expert You will get an advice to ' buy ' a stock when they say You will get an advice to ' sell ' a stock when they say You can't sell a stock whenever you want. The sell button is disabled. First few days, you will be getting 20-30% returns You are then pushed by the a
KYX is the Key to Your Organisation’s Cybersecurity. TIP 1. KNOW YOUR CUSTOMERS (KYC) Understanding your customers’ business is key to building your organisation’s cybersecurity. Key considerations include: how they transact with you, whether online or offline, how you store their data and financial transactions, and if they share their PII (Personally Identifiable Information). TIP 2. KNOW YOUR BUSINESS (KYB) If you are a legacy organisation transitioning to digital processes, it is important to understand how you conducted business before computerisation and how you operate now. Have you fully embraced digital technologies, or are you just starting your journey? Do you have a website that serves as the primary point of interaction with your customers? If so, do they share their data with you online, and if they do, how do you handle it? Is the communication channel between you and your customers fully secured? Finally, are you required to meet regulatory compliance? These are all