Studying The Popularity Of Anti-Fraud Technologies: A Post-Pandemic Lens

No industry has been left unaffected by the COVID-19 pandemic. With COVID-19-fueled lockdowns causing a massive spike in online spending and internet usage, Phonato Studios witnessed new behavioral trends emerge in the digital space. But that’s not all there is. Two years after the global crisis, we continue to embrace hybrid working arrangements and new ways of conducting business. With this, there has also been an incessant rise in online frauds and scams.


It is interesting to note that cybercriminals and fraudsters evolve with changing trends and work on new strategies to trick people into divulging their personal information. They update their approaches to suit the current times, which makes fraud prevention and detection more challenging.


To ensure that fraudsters don’t succeed at stealing your assets and intellectual properties, you need to equip yourself with up-to-date anti-fraud technologies. However, to understand the array of anti-scam and fraud prevention solutions your business needs to stay secure, one must first be adequately acquainted with the factors that have led to the overwhelming surge in fraudulent activity in this post-pandemic era.

Online Fraud In 2022

Fraudsters are always on the lookout for security vulnerabilities in your systems. In addition to this, they tap into the fears and anxieties of the people they target for a quick buck. This blog focuses on a few trends that fraudsters are trying to leverage with malicious intentions: 

  • The emergence of remote working

With employees often using unsecured systems and networks to access their organization’s files, the risk of being exposed to fraudulent entities increases tremendously. For instance, by clicking on suspicious, spammy links, a team member may unknowingly install malware into their devices, which in turn might infect critical files and other sensitive information. 

  • E-commerce activity

It is hardly surprising that the e-commerce industry is booming. People have turned to e-commerce platforms for their daily necessities, and the convenience offered by these businesses turned them into return customers. 


But this has opened new doorways for fraudsters and scammers. For instance, fraudsters may run scripts on the login pages of e-commerce portals with customer usernames and passwords procured from the dark web. If they are successful, they can cause a lot of reputational harm to businesses, in addition to causing financial losses.

  • Supply scams

Given the supply chain disruptions in 2020, businesses had to look for new suppliers to meet consumer demand. This trend has walked in with us to 2022. Many sectors continue to see supply chain problems, which can be taken advantage of by fraudulent entities. In such a scenario, businesses must practice extra caution while looking for alternatives as advance fee scams are on the rise. 


With growing demand for preventative solutions, there has been a proliferation of new fraud detection technologies in the 21st-century marketplace. As discussed at Phonato Studios, adopting these tools based on the unique needs and working practices of your organization can go a long way in preventing and mitigating the damages caused by malware and hacking attacks. In addition to identifying fraud patterns on your digital assets, these can complement your existing strategies to push back against such threats