Do you think about the security of your data regularly? If you don’t, then it is time that you really start to pay more attention to it. Data manipulation fraud is one of the most prevalent types of cybercrime nowadays. It is a kind of heinous attack that has the potential to have disastrous implications ranging from the manipulation of individual financial records to the change of organizational data and more. As a result, it is important that organizations must understand how to avoid being a victim of this scam.
What Is Data Manipulation Fraud?
Data manipulation is a type of fraud that involves making small, hidden, and sometimes continual modifications to data in order to gain an advantage or fool others. It can expose enterprises to severe security threats because sources outside the respective organization can use it to conduct financial fraud, steal intellectual property, and harm reputations, among other things.
Data manipulation fraud is not a simple or harmless mistake. It should also not be confused with data breaches, which only entail illegal data access and no data modification. It is a type of cyber warfare in which the attackers incrementally change your data so that you make poor strategic judgments rather than deleting or releasing it. And since data manipulation deals with the process of modifying or transforming data to extract insights, draw conclusions or support decision-making it is a multi-faceted act in itself. The process involves various operations, such as sorting, filtering, aggregating, joining, and transforming data, to create new data sets that can provide meaningful insights. Data Management services in banking safeguard against potential security threats, such as data manipulation, which can lead to financial fraud, intellectual property theft, and reputational damage from external sources.
To be able to get a better insight into preventing your organization from any type of fraud, knowing about the cyber security trends: preventing cybersecurity hazards in a better way can certainly prove beneficial.
How To Avoid Data Manipulation?
Ensuring that data is not manipulated is critical to maintaining data integrity and making informed decisions based on accurate information. Here are some steps you can take to ensure that your data is not manipulated:
Implement Data Validation Checks:
Data validation checks can help identify and prevent errors or inconsistencies in your data. These checks can include verifying data formats, ranges, and values, as well as identifying missing or duplicate data. Data validation checks are crucial for data management services in insurance to ensure accurate and efficient processing of policy information and claim data.
Monitor Data Sources:
Monitoring the sources of your data can help ensure that the data is collected and processed accurately. This includes checking for potential biases or errors in data collection processes.
Implement Access Controls:
Implementing access controls can help prevent unauthorized access to data and reduce the risk of data manipulation. This includes setting up user permissions and roles, as well as restricting access to sensitive data.
Use Data Encryption:
Data encryption can help protect against unauthorized access or manipulation of data by encrypting data both in transit and at rest.
Audit Your Data:
Regularly auditing your data can help identify any suspicious activity or patterns that may indicate data manipulation. This can include reviewing logs of data access and changes, as well as running regular data integrity checks.
By implementing these steps, you can help ensure that your data is accurate, reliable, and has not been manipulated
In order to prevent your data from being manipulated or misused, you must understand the role of cybersecurity analytics in your organization’s growth.
Why Choose IntoneSwift?
Data manipulation assaults are on the rise, with healthcare, financial, and government data being the primary targets. These types of assaults are intended to steal health, education, financial, and professional records at the organizational level. A Data Manipulation assault is extremely disastrous and should be avoided at all costs. To lessen the total impact of this lethal digital assault, it is important to be fully prepared with a counter. Hence, we at Intone take a people-first approach to data optimization. We are committed to providing you with the best data integration and management service possible, tailored to your needs and preferences. IntoneSwift is a top-of-the-line data integration solution that has been tried and tested by industry leaders and experts alike. Its features include:
- Generates knowledge graph for all data integrations done
- 600+ Data, and Application and device connectors
- A graphical no-code low-code platform.
- Distributed In-memory operations that give 10X speed in data operations.
- Attribute level lineage capturing at every data integration map
- Data encryption at every stage
- Centralized password and connection management
- Real-time, streaming & batch processing of data
- Supports unlimited heterogeneous data source combinations
- Eye-catching monitoring module that gives real-time updates
Contact us to know more about how we can help you.