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Security and Risk Online: Get ahead of online fraud this holiday season

security-and-risk-online-get-ahead-of-online-fraud-this-holiday-season

Holiday shopping has changed a lot in the last few years with major online shopping events from around the world gaining popularity in Australia. This year’s Black Friday and Cyber Monday sales were one of the biggest online shopping days in Australia, kicking off the pre-Christmas rush. Cyber Monday broke records in the US hitting US$3.45 billion in online sales, up 12 per cent from last year with Australia and the rest of the world following suit.

But with the increase in online holiday shopping comes a commensurate increase in the instances of fraud. Australian internet businesses suffer dramatically more card fraud than the global average, with online fraud rising by 38% between 2014 — 2015, compared to the global average of 13%.

It’s a lesser-known quirk of the financial industry that, unlike their brick-and-mortar counterparts, online businesses are responsible for not only detecting fraud, but also paying the associated costs. On average, every $1 of fraudulent orders costs an online business an additional $2.69. A couple of weeks ago a foreign syndicate was busted by the Australian Federal Police for the theft of more than 30,000 Australian credit cards, spending more than $30 million. A hefty sum, for sure, but nothing close to the US$32 billion that online retailers spent preventing and remediating hacks in 2015. Online businesses are also susceptible to a wider range of fraud schemes, including credit card fraud, payout scams and faux refunds.

So as the holiday sales kick off, what can online businesses do about it?

The basics: getting started with fraud prevention

To begin, businesses should examine the address verification code (a postcode that matches what’s on file with the cardholder’s bank), require a card verification code (the 3- or 4-digit code on their card), and delay shipping. The latter step is especially helpful for expensive items, as it provides a safety window when the actual cardholder might flag a large fraudulent purchase.

However, these checks aren’t foolproof: Legitimate customers can easily enter a typo in their street address or move and forget to update their billing zip code, resulting in false positives, and fraudsters are often able to buy stolen credit card numbers together with their card verification codes.

The next step is manual reviews: Many business rely on employees to audit transactions and create complex, custom rules (such as, “temporarily block all orders over $500 until reviewed and approved”). All of this sound pretty complicated and manual. The answer? Machine learning.

Let machines do the heavy-lifting

Thanks to recent advances in machine learning and AI, businesses today can analyse millions of online transactions and identify buying patterns across large numbers of retailers, spotting outliers in real-time and flagging odd charges long before a human analyst would spot a problem.

Sift Science offers machine-learning-based fraud detection trained on a business’s data; other tools like Riskified and Signifyd offer chargeback insurance, screening every charge for a fee, blocking suspicious purchase, and compensating their customers when they failed to block fraud.

Stripe’s fraud tool, Radar, constantly learns from the hundreds of thousands of businesses taking payments through Stripe around the world. This new approach enabled Watsi, a global funding platform for medical treatments, to block more than $40 million in attempted fraud over a two-month span, all with limited to no human involvement.

Don’t leave money on the table

Of course, the difficulty with fraud is that pre-emptively blocking too many transactions means foregoing legitimate purchases too. In theory, you could prevent fraud from Southeast Asia by blocking all transactions from Southeast Asia; but that approach means you’d also be foregoing legitimate transactions from one of the world’s most populous regions.

So even once you’ve implemented tools for preventing fraud, it’s important to remember that your ultimate goal isn’t blocking fraud — it’s maximizing revenue. This means you should:

  1. Consider multiple metrics: Don’t just focus on one metric like false positive rate (legitimate transactions that you’re blocking) or dispute rate. After all, you can easily make the former zero by not trying to catch any fraud (and the latter zero by not accepting any payments). Your overall fraud protection approach will offer a trade-off between false positives and false negatives, and you should understand what that trade-off is and what is optimal for your business. This break-even calculator can give you an example of the kind of calculations it can be helpful to do.
  1. Find your “healthy” dispute rate: Unsurprisingly, fraud varies by sector. For example, the median fraud rate for retail is 0.02 per cent, while for nonprofits it’s 0.1%. Once you know your industry’s rate, compare it to your business’ unique situation and data to identify a “healthy” fraud benchmark. Trying to drive your dispute rate far below what is natural for your sector can be more effort than it’s worth.
  1. Always be measuring: No matter what solution you choose, be rigorous in assessing efficacy. For example, if you’re manually customising rules, you can evaluate their performance by backtesting them or by running A/B tests in real-time. Don’t rely on intuition that tells you all payments from a certain region, or at a certain time of day, are fraudulent. Formulate your hypothesis and validate it with data!

On the internet, the only constant is change itself. As consumer behaviour and fraud schemes continue to evolve, businesses that want to maximise their revenue this holiday season — and year round — should be using modern fraud defences that can adapt and help them stay a step ahead of fraudsters.

Hawkfield Gallery Fine Arts Consultants Review the Visual Arts and Culture

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The landscape of the art industry continually changes due to the rapid evolution of technology. Technological innovations have provided artists with new tools to express themselves and their ideas. Though the digital art was of great deal in this modern era, traditional art still remains vital to a society and to a country’s culture.

If you are an art lover and a collector visiting Massachusetts, you won’t want to miss exploring Hawkfield Consultants Gallery which is located along Boston’s South Shore, midway between Cape Cod and Boston. The gallery is open for viewing by appointment and features an eclectic variety of American fine arts and folk arts from 20th and 21st century. Bronze sculptures, mini decorative carved decoys of birds and American impressionism are among the many amazing works displayed in Hawkfield artworks section.

You are welcome to visit and browse their online art catalogue which contains clear and realistic images of artworks available for sale. Art consultants of Hawkfield will gladly assist you throughout the whole process whether you are going to sell your artwork or buy one. Each of the artworks displayed on their site has corresponding prices and specifications. Hawkfield Gallery uses a sales comparison approach and considers recent auction results when determining the fair market value of an artwork.

The gallery is managed by Sally Caverly – an art lover, researcher and conservationist who spends more than two decades collecting impressive arts. She holds a B.A degree in Marketing and later on marched for a Master’s degree in Education. Moreover, Sally serves as a Market Research Division Director of a major publishing house.

Visit the About the Gallery page of the Hawkfield’s site to get an idea to the type of service the gallery provides as well as the artists they seek and represented.

Bacall Development – Tips for investing in real estate

Becoming rich in an instant is not the promise of real estate investment. One must exert great dedication and effort first before seeing great results. It is also required to learn the foundations in advance before putting them into practice. The firm of Bacall Development needs you to consider the helpful tips provided in the following paragraphs even if you’re experienced or new to this enterprise.

Bacall Development is a comprehensive real estate firm that has been responsible for the complete ground-up development of several real estate developments in various U.S. states.

Nothing stays the same, even in the real estate market. What is popular today may not be popular tomorrow. In fact, during the past decade, the rental market was strong but has been weak in the recent years.

However, one shouldn’t be scared to gamble in this venture because it is still possible to make money in real estate because it is considered a cycle and cycles have some level of predictability. This way, it is imaginable to earn a profit in your real estate business and run itself despite the constant changes in the real estate market.

Learning the basics often leads to smarter investment decisions. The basics are composed of tried and true methods as well as strategies and systems that worked in the past and are still working and will work in the future. Having all the significant tools to become flexible in real estate investment is crucial when the real estate market starts to change.

The following names the tips for investing in real estate prepared by the firm of Bacall Development:

Start planning. Entering this endeavor requires a good plan first, reviews said. Determining your long term real estate goals and short-term needs is important. Once your plan is developed, set up the proper entities and put the plan in place.

Determine your target market. You can’t be all things in the real estate market. For example, start investing in the foreclosure market if foreclosure interests you, or if you want to be a landlord, focus your efforts to state owners.

Gain more knowledge. Educating yourself is also vital in real estate investment. You must learn new tactics, tips and strategies to help you earn more in real estate.

Master your finance. The business of real estate involves finance and marketing, so it’s only natural to thoroughly comprehend the field of finance. One must understand the interest rates, loan programs, and mortgages available out there. You can properly negotiate your deals and sell your properties well if you fully understand how financing works.

Solve problems well. You can get real estate deals that others can’t if you can properly solve problems. Being an effective investor is often about being ready to face the challenges of real estate investment all the time and to refrain from getting rip off and scammed.

Don’t overthink. It’s hard to be in an “analysis paralysis” state. Over-analyzing things won’t help you come up with a good decision.

Be consistent. Finding good results in real estate investment requires consistent and persistent traits. Stick to your plan, and obtain more knowledge in real estate to become a great investor.

 

 

International Financial Securities: OVERVIEW

IFC PROVIDES COMPREHENSIVE SOLUTIONS TO CLIENTS IN DEVELOPING COUNTRIES TO ADDRESS TODAY’S GREATEST DEVELOPMENT CHALLENGES.

 

IFC’s offerings are designed to meet the specific needs of our clients in different industries, with a special focus on infrastructure, manufacturing, agribusiness, services, and financial markets.

 

Our financial products enable companies to manage risk and broaden their access to foreign and domestic capital markets. Our advice helps unlock private sector investment, which is essential for expanding businesses, creating jobs, and growing economies.

 

We work with the private sector to encourage entrepreneurship and build sustainable businesses—advising them on a wide range of issues, including environmental, social and governance standards, energy and resource efficiency, and supply chains. We help expand access to critical finance for individuals and micro, small, and medium enterprises through our work with financial intermediary clients.

 

We also measure our results and those of our clients to assess whether we are contributing effectively to our goals of ending extreme poverty and boosting shared prosperity—and whether our work is making a difference to the people and markets that most need our help.

 

In fiscal year 2015, our long-term investments in developing countries totaled $17.7 billion, a 17 percent increase over the previous year. More than a third of that amount—over $7 billion—was mobilized from other investors.

 


PRODUCTS & SERVICES

 

Loans

Equity

Trade and Supply Chain Finance

Syndications

Treasury Client Solutions

Venture Capital

Advisory

Asset Management

 

 

EXPERTISE

 

Agribusiness and Forestry

Financial Institutions

Funds

Health and Education

Infrastructure

Manufacturing

Oil, Gas, and Mining

Public-Private Partnerships

Telecommunications, Media and Technology

Tourism, Retail and Property

Eric Hamilton Marsden Restorers: Tips on how to blend antique furniture with modern furniture

Nowadays, almost every homeowner prefer modern furniture because of its clean style and sometimes because of its dual function. But Eric Earl Hamilton Marsden Furniture Restorers sees it’s also possible to mix and match modern furniture with antique home furniture because it could turn out into something astonishing. With enough creativity, combining both modern and antique furniture could add more distinct vibe to your home. If you’re interested in some tips, here are some important pointers by Eric Earl Hamilton Marsden Furniture Restorers that could help you make this combination work.

Put new antique and vintage pieces to add life to your home

A room with only modern furniture can be dull-looking, so the addition of antique and vintage furnishings can add glamor to it. You can look at Eric Earl Hamilton Marsden Furniture Restorers’s previous post about looking for a good vintage shop to help you find the right shop for your interests. After shopping for the vintage furniture that you like, find the right spot in your house where you can put it. Antique and vintage furniture can serve as good accessories in your home because it could break the monotonous aura it once has.

Use antique furnishings with different designs

Trying to set up your home to show only a certain era in history is boring, it’s better to show that you’ve been collecting different pieces throughout the years. It would be amazing to see different antique and vintage furniture in your home that has unique designs. This could also avoid conflict between your modern home furnishings and the kind of antique set that you have in mind.

Make a repetitive pattern or a common color scheme

Things could also work out if you use repetition through a pattern or a common color scheme in designing your modern and antique furnishings. It’s not that hard to make different pieces of furniture complement each other because there are a lot of ways available to accomplish this, including choosing a common color scheme for the pieces that you’re going to put in a particular room. It’s also possible to draw one’s vision to specific items inside that room by applying repetition such as in the fabric’s pattern or using an accent color or a palette.

Use oversized antique furniture to create the illusion of more space

You could make your room look bigger by using oversized antique pieces. Modern furniture combined with huge antique and vintage furniture could look great if matched properly. Consider this tip especially when you are redecorating your house because it could be helpful to you and can be used to your advantage and to avoid fraud carefully check all furniture first before finalizing to make a purchase online .

Repurpose some of your antique and vintage furniture

After several years, a specific piece may have served its purpose to your home, so it’s time for you to change it into something new. Make some huge alterations in the way your home looks like by doing this method. For example, you can turn your antique bed into a beautiful bench, or you can hang your old drawers on the wall and use them as shelves. Don’t keep a furniture in one room forever and give your place a whole new appearance once in a while.

If you’re into mixing and matching things, then combining modern and antique furniture in your home would be an exciting treat for you. You must be comfortable in your design and make sure that it could captivate your family and friends. Most antique furniture is known for their well-built feature and their distinct look is really good that’s why several homeowners prefer those pieces to be in their home. Just let your creativity do the job, simply make sure to maintain a good balance between your modern furniture and antique furnishings.

3 Ways to use Social Media in Public Relations, Bacall Associates

It’s given that social media helps public relations (PR). The birth of social media seem to start in the era of Friendster and Myspace, but the meteoric rise in popularity of social media begins with the introduction of Facebook, Twitter, Instagram, LinkedIn and other newer platforms. It began as a personal use, but several business owners today engage in social media to promote their business.

 

No wonder why a lot of small and online-based businesses utilize social media for their PR because it is perfect for direct engagement with both customers and the press. Bacall Associates, a boutique PR, marketing and sales support agency, will share a few tips to help you get started.

 

Create awesome content

 

Publish an awesome and social-media friendly content that your customers will surely value, share and buy. You should always keep your mind in creating your content. Don’t forget to use easy to share social media buttons on your posts because some don’t have the time to copy and paste your content in order to share them.

 

One example of effective content is using case studies because they are some of the most powerful quantifiers you can use on the web. They provide perspective in the results as well as a clear and concise data. You must present it in the right way to get an emotional response, which can cause engagement and potential sharing. Major media outlets often share case studies provided by companies of many sizes and influence. You may also want to add images or videos to add spice in your content. Publishing good content can be a great help to improve your PR and brand image.

 

Make your business caught bloggers’ attention

 

Seeking bloggers’ coverage can also help you promote your brand. As you may have recently read, the blogosphere is the nexus between social media and PR. Bacall Associates confirmed that social media is also being used by bloggers and are active on those platforms, and many of them are closely monitored by journalists. You can get mentioned by popular bloggers in different ways such as providing your expertise, being a contributor and having your service or product reviewed.

 

Connect with the press on social media

 

The Internet has been the home of media these days since they can get a tremendous amount of information from there. Major publications have been using Reddit to source interesting stories while Twitter is being covered by major news outlets by using trends and hashtags. Indeed, social media platforms have become a solid part of journalism.

 

It’ll be fast to connect with the media using social media sites. If you have a good story to cover and proper use of hashtags and social media tagging, you can get a solid media coverage. But remember, you shouldn’t abuse the use of hashtags.

 

 

Bacall Associates has been involved in this practice for several years now and they are using social media to heighten their influence to their customers. The impact of social media on public relations is undeniably remarkable and brought great change to this practice that helped a lot of businesses worldwide.