A MACROPAY REVIEW THE CHALLENGE WITH CROSS-BORDER TRANSACTIONS

The complexity involved in cross-border payments remains a big challenge for businesses. In this review, let us look more closely at the challenges with cross-border transactions.

Many of these problems are challenges with territorial risks, routing, security, and exchange rates. However, with businesses expanding globally, it has become imperative to seek out payment systems that will make Cross-border transactions seamless.

Notwithstanding how obvious this need is, many businesses have struggled to find that balance in processing online and international payments due to the many barriers that cross-border transactions pose.

Some of these challenges include:

AUTHORISATION AND CYBERSECURITY

The world of e-Commerce is almost completely cashless. In facilitating cross-border payments, it is obvious that cashless payments systems will outperform, giving way to online payments.

This gives rise to problems bordering on regulation and cybersecurity. Consequently, payment processors must obtain relevant certifications and authorization to work in their chosen countries of operation.

This will ensure compliance with both country and international standards while also reducing the risk of attracting penalties.

The installation of privacy regulations and security systems ease merchants' regulatory concerns while also building confidence in the system among customers. But, with online payments, the risk of being defrauded is a great bane to business transactions, especially international payments.

Macropay has addressed these concerns by incorporating well-designed fraud monitoring tools that validate account details in the Macropay system to ensure that customers' transactions are protected. Macropay also has the authorization to work in many regions, especially in Europe. 

PAYMENT INTEGRATION PROCESSORS

The lack of an efficient payment gateway that has the necessary infrastructure to cater to the diverse payment options that consumers and businesses may prefer is one of the leading problems that mitigate seamless online payments. The failure to adopt new payment methods, seeing as one payment option may be more popular than the other across countries can be a problem to both merchants and customers.

Macropay’s gateway currently integrates 13 local payment schemes and is growing, with the largest market penetration within Europe, Australia, New Zealand, and the Americas. These local payment schemes are best suited for your business while also enhancing user experience, and easing your business process without many technicalities in a one-step process. Not only does Macropay make provisions for the best local payment methods, but it also simplifies open banking payment processes by making it easy to send payment in one easy step.

PAY RATES, CHARGEBACKS, AND PROCESSING FEES

At the very core of a successful business, the transaction is the feeling that value for money and time has been gotten. With international payments and multi-currency payment barriers, it is easy to assume that a reduction in the value of payment has occurred. This can be due to the conversion rates, chargebacks, and high processing fees associated with facilitating international and/or online payments. These sometimes, unnecessary reconciliation payments can be harmful to businesses, especially small ones.

Macropay thrives in offering practical solutions to these problems by establishing a structure that allows merchants to receive payments in their currency regardless of the customer's currency.

Macropay has also set concise strategies on how to meditate and manage chargeback cases while cutting back on transactional costs.

CONTACT MACROPAY TODAY

Do you want to make seamless International payments? Do you want to satisfy your online clients? Contact Macropay through support@macropay.net

 

Huawei Renews the MoU on Cybersecurity Cooperation with Indonesia

Huawei has renewed its MoU on cybersecurity cooperation with Indonesia's highest cybersecurity body National Cyber and Crypto Agency of the Republic of Indonesia (BSSN). The company signed a tripartite cooperation agreement with BSSN and Institut Teknologi Del (IT Del).

Amongst the participants who witnessed the signing of the agreement were Gen. (ret.) Luhut Binsar Pandjaitan, Coordinating Minister for Maritime Affairs and Investment of the Republic of Indonesia (Marves), Mr. Ren Zhengfei, Huawei CEO and Founder, Mr. Jeffery Liu, Huawei Asia Pacific president, and Mr. Jacky Chen, Huawei Indonesia CEO.

"Huawei thanks Indonesia for its longstanding support for our local team in the country. With the great trend towards collaboration and shared success between China and Indonesia, based on respecting each other’s sovereignty integrity, political systems, and social customs, we believe that together we will lay the foundation for Indonesia’s future," said Ren Zhengfei, Huawei CEO and Founder.

The tripartite agreement will help Indonesia build its digital infrastructure as well as digital human resources development and transfer of high technology.

"You are lucky to have the team here for making Huawei popular and the technology has been widely used. The establishment of Huawei Academy in Indonesia and the tripartite Cooperation between Huawei, the National Cyber and Crypto Agency and IT Del, also shown Huawei commitment to not only building digital infrastructure in Indonesia, but also digital human resources development and transfer of high technology," said Gen. (ret.) Luhut Binsar Pandjaitan.

 

Wipro, Securonix Announce Partnership to Deliver Managed Security Services

Wipro has partnered with Securonix, a SIEM vendor, to deliver quality managed security services. This partnership will improve help Wipro improve businesses’ cyber organizational effectiveness, resiliency, and achieve a cost effective positive security posture.

Managed security services are incredibly important for CISOs and Cyber Operations teams, who use to tackle challenges in the areas of security monitoring, incident response and digital forensics, security orchestration and automation, security data lakes, threat intelligence, vulnerability management, host and endpoint security, application security and network security, among others.

"One of the largest risks to enterprises today is the lack of trained, experienced cybersecurity professionals. Wipro brings together best-in-class technology and people to solve cybersecurity issues and strengthen businesses’ overall security posture. Our partnership with Securonix -- a SIEM platform that’s trusted by half of the Fortune 500 -- is playing a key role in Wipro managed security services and underscores the larger industry need for real-time analytics combined with a world-class detection and incident response platform," said Tony Buffomante, Senior Vice President and Global Head, Cybersecurity and Risk Services, Wipro Limited.

 

Nexon Asia Pacific Strengthens Its Security Offering With New Acquisition

A leading cloud and managed service provider Nexon Asia Pacific has announced that it has acquired Equate Technologies for an undisclosed sum to improve its security offerings. The latter is a cybersecurity, risk and consulting solutions provider based out of Brisbane, Australia.

"Cyber threats are more sophisticated, coordinated, and targeted today. Our clients require the expertise and capabilities to secure their environments with access to next-generation capabilities. Equate Technologies augments our offering and capability to deliver scalable, end-to-end proactive cyber security services as part of our comprehensive advisory and managed services," said Barry Assaf, Nexon Asia Pacific CEO.

Founded in 2013, Equate Technologies has incredible experience in delivering integrated cybersecurity solutions. The company's has built a great reputation for itself by helping its clients secure and protect their critical assets. Nexon Asia Pacific has extensive experience in delivering world-class onshore managed and professional security services to Australia's large and mid-market organizations.

Now, under Nexon Asia Pacific's wing, Equate Technologies has the platform, resources, and financial banking to extend its geographic reach and expand its service offerings.

 

Bug found in ThroughTek IoT devices poses serious security threats, warns Experts

Bug found in ThroughTek IoT devices is highly critical, warns the researchers of Mandiant, and it is expected to be addressed soon.

Mandiant, a popular name in the cybersecurity segment, has recently made an announcement that it has detected a new vulnerability has been detected in ThroughTek's Kalay network, which is expected to allow cyberperps to watch the real-time video and listen to live audion on hundreds of thousands of IoT devices. Even though the disclosure was made public recently, the bug was present in IoT devices since late 2020. Threat researchers Dillon Franke, Jake Valletta, and Erik Barzdukas have contributed heavily to the research blog that highlighted the bug. Successful exploitation of the bug will give the users access to live audio and video feed, and furthermore, it was revealed that perps could also gain access to credentials which prompts that an attack will be taking place in the future.

 As of now, there is no known public exploit of the bug. ThroughTek had released a statement earlier this month that the company knew about the bug, even though they did not give any details regarding the same. The statement from the company makes it clear that the outdated release from the company was sufficiently covered to completely protect the data transferred. The company has now channeled its efforts towards creating a solution for this issue and providing relevant guidance soon to its customers.

 

Skybox Security to Continue Expansion in EMEA and Asia Pacific Japan

San Jose, CA-based Skybox Security has announced accelerated global expansion across Europe, the Middle East, Africa, APAC, and Japan. This news comes as a follow up to the recent surge in high-profile cyberattacks that put the spotlight on the importance of data-driven, risk-based approach to Vulnerability Management

“Business and government leaders globally are leaning into the importance of proactively addressing cyber risk to prevent ransomware and supply chain attacks. Vulnerability Management is now taking center stage even at the top levels of government, as highlighted by the recent Biden Executive Order,” said Gidi Cohen, CEO and founder, Skybox Security. “The criticality of preventative cybersecurity has become more than a fear of being held for ransom. Cybersecurity is now impacting the daily lives and safety of global citizens – even putting our water, food, and energy supplies at risk.”

Skybox Security has experienced a big rise on demand and good growth in the EMEA, where it has seen its deals increase by 33% and average annual contract value increase 64% over the first half of 2021. The company has said that it will be making big investments to expand its presence in EMEA and Asia Pacific and Japan.

Skybox Security is highly regarded in the security community as over 500 of the largest and most security-conscious enterprises in the world rely on Skybox for the insights and assurance required to stay ahead of dynamically changing attack surfaces.

 

US to introduce new security directives for pipelines after hack

The US Department of Homeland Security has announced that it has issued a new security directive for operators and the pipeline owners after a hack of the Colonial Pipeline that resulted in disruption of fuel supplies in the southeastern United States for days, forced the company to shut down much of its network, leaving many gas stations in the eastern United States without fuel. It demonstrated the immediate need for cybersecurity of pipeline systems is critical to homeland security.

The US Homeland Security Department has stated that all the operators and critical pipeline owners should have a safe cybersecurity network. Therefore, the department's Cybersecurity and Infrastructure Security Agency (CISA) have designated cybersecurity coordinators 24/7 to help the owners and operators to overcome any security-based issues.

The department further added that the directive would require the pipeline owners and the operators to review the current cybersecurity status and practices. This will help them identify if gaps exist, and immediate remediation measures for risks will be taken. The operators must report these results to the Transportation Security Administration, which is a unit of DHS, and CISA within 30 days.

Kazakhstan, Central Asia’s largest country, is partnering with Japan to support an initiative run by its government called the “Concept of Cyber Security” or “Kazakhstan Cyber Shield”. Japan-based Trend Micro, multinational Cybersecurity and Defense Company, and Kazakhstani T&T Security Company have made an agreement on scientific and technological cooperation.

The agreement will help Kazakhstan’s Security services reach new heights. This will in turn help in the prevention of cyberattacks that go undetected while using traditional antiviruses and other security features. In the previous year alone, as much as 2.5 billion cyberattacks were identified in Kazakhstan’s government agencies and private organizations. The agreement will bring new opportunities for the export of Kazakhstani IT products. Out of all the institutions in Kazakhstan, the government has identified 336 institutions to be the most significant that is to be protected from potential threats. Government agencies, banks, and industrial enterprises are a few among the list of 336 institutions and the government is planning to expand the list. In the Global Cyber-security Index, Kazakhstan currently ranks 40 out of 175 countries.

Automated security solutions for customers of VMware, Microsoft Azure, Google Cloud Platform, and Amazon AWS are provided by Trend Micro’s virtualization security and cloud products. Trend Micro, established in 1988, helps servers, containers, and cloud computing environments, networks, and endpoints by developing enterprise security software.

5 Surprising Benefits of Virtual Private Network for Your Business

With 4,354,264,849 Internet Users in the world, the internet manages 3,264,309,665GB data every single second which includes 121,454,179,412 emails and 3,193,257,825 Google searches every single day. So how do these numbers affect you as a business owner?

Well, chances are that you and your employees communicate over the internet internally or externally. All kind of data is shared among the team as well as clients.

With the increase in data usage, the internet is becoming a scary medium. Business is vulnerable to cyberattacks and data breaches. Cybersecurity Ventures predicted that by 2021, annually cybercrime will cost the world $6 trillion. Having said that, any breach or leak of your business information can create huge damage to your brand and cost you millions.

A VPN forms a tunnel to block unusual threats in the day to day online business data transfer systems. So let's discuss the 5 surprising benefits of using a VPN for your business.

Ø  Public Wi-Fi

Remote work culture is becoming more popular across the globe. To get the work done, it's no longer required to be at your desk all the time. People prefer to work from co-working space, home, cafe and even from the beachside. Remote workers are bound to access the internet with the public Wi-Fi connections available in those places.

However, it’s not popularly known that using public Wi-Fi is actually really dangerous, you are always in a threat to get hacked quite easily. Hacking public WiFi is just a simple Google search away, in fact, a 7 years old kid hacked public WiFi in 11 mins. The danger of using public WiFi is real, hackers commonly create fake hotspots and steal the data from the connected devices.

To avoid such a hassle, you can use a simple VPN solution to safeguard your sensitive data. By connecting through VPN you immediately create an encrypted tunnel to the internet. The risk of getting hacked is not entirely eliminated, but anyone trying to intercept your online activities through the insecure WiFi will be find out that the data they intercept is meaningless as all they get to see is encrypted garbage.  

Ø  Support Remote Workforce

If remote work is the future, the future is here. As per the report of Remote, 66% of organizations allow remote work and 16% are fully remote. In the UK 4.2 million adults regularly work from home. With the growing trends, companies have started providing work from home to reduce the commute time and for the ease of working from anywhere and anytime.

For improving the security and privacy of your business data, make it mandatory for your workers to use a VPN. With a high quality VPN provider like NordVPN, your remote workers can create secure online connections to your business information from anywhere across the globe. The most crucial purpose of a VPN is to secure the communication between the user and the business computer network.

Ø  Online Research

We live in an era of the internet. Many businesses are not restricted to a single geographical location. Any company can go out and do business in any place and every place across the globe when the internet comes into play. But to succeed in a different region you need to know the online competition. Who are top-ranking competitors, what kinds of google ads and content are they using?

Being in Boston you won't be able to perform a local search of Barbados. Here you can use a trustworthy VPN providerto check local search results. With the help of a VPN, you can change your online location without being tracked and monitored by a search engine such as Google, DuckDuckGo, Yahoo Bing so and so forth. You can switch between countries and cities consistently without being blocked. 

Ø  Bypass IP Banning

In this competitive business world, every entrepreneur aims to level up their game. There is no shortcut available, you can do it the old school marketing way. But if you want to scale up rapidly, you have to get into aggressive marketing mode on the online platform. Content needs to be published across the channels very consistently. Due to aggressiveness, platforms like Facebook, Forbes, and Reddit detect users IP’s and block their activities. This stops your effort of being consistent.

However, technology is your best friend. If your business is using Virtual Private Network, you can easily get through this blocking. By connecting to a VPN server, along with your current location, your IP address is also changed. Having said that now you change your IP address to eliminate tracking, monitoring and blocking of any website. Go out and distribute as much content as you like.

Ø  Utilize Geo-Targeting

These days geo-targeting is becoming common practice to deliver custom content based on a customer’s geo-location. Multi-language website targets multiple countries in the native language as per the region. Delivering content in the regional language can be very beneficial to increase conversion rate and build a brand across the globe. 

To achieve this, you can utilize a VPN to know how your competitors are doing in a particular region, and analyze their local strategies. VPN won't just help you understand your competitors but also analyze your geo-targeting efforts. By using an effective business VPN solution, you can strategically create effective content plans that help you increase your business revenue in any region across the globe.

5 Best Security Companies to Watch 2019 by The Silicon Review

Transforming cybersecurity with a cloud-native endpoint protection platform by Carbon Black 

Train Your Employees about Cybersecurity

Cybersecurity threats have become so paramount that businesses are working round the clock to secure their networks and block unauthorized access. Employees themselves have been responsible for both unintentional and intentional inside-job data breaches and ransomware attacks. Company personnel have also been the root cause of many accidental breaches. IT Professionals and he or she can attest to bulk of their workload being involved in preventing Cyberattacks. There are lot of investment on Cybersecurity Companies for Technology and success. 

TIPS for your Employees

•  Understanding Company computer-use policies.
•  Knowing how a desk audit works.
• Recognizing scams
• Responding to an attack
• Mobile device compatibility

‘’ Train people well enough so they can leave, Treat them well enough so they don’t want to’’ – Richard Branson