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The fashion industry is constantly evolving.

As the season changes, people’s tastes transform, and new trends come and go, it weaves the risk into the fashion industry.

What’s working today, may curse the fashion retailer the next day.

The fashion style has become more unpredictable after pandemics hit the world.The leading fashion retailers, including H, Levi’s, and Nike have experienced dips in revenue.

It’s followed by digital innovation, changes in customers’ spending, overturned traditional loyalties, and shifting markets.There are many factors, including global market expansion, increasing smartphone penetration, harnessing technology and social power, and active customers with disposable income, which are fueling the growth.Read more: How to Protect Your Store from Online ScammersHowever, everything is not so rosy.

Even before the corona outbreak, the fashion retailers struggled to maintain profits under the sustainability storm.

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The internet contributes significantly to people’s lives these days, whereas the lives of some people evolve with time around the web.

However, not everything on the internet seems real or seems as it is.Just as the filmmakers use sophisticated tricks, manipulations, and effects to get us to believe that the action is real, so also there are numerous websites on the internet which are using a lot of tricks and great range promises to get the internet user part way with their cash or information for fraudulent acts.The internet is full of websites that appear real on the surface but beneath it, its fake, fraudulent and scam -a ploy to fraud peopleThe evolution of the internet has brought with it numerous extremely convenient advances and powerfully shaped our manner of livelihood.

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At the same time, the evolution of the internet has also given way to new risks and methodologies to prey on internet users —new avenues for online scammers to rip off the unsuspecting usersRead More>>

There are many reasons why scammers do what they do.

One of their main motivations is money, but in the case of ransomware, data breaches, or virus attacks, sometimes the motivation is revenge.

Based on the industry and the type of cyber attack, you can hazard a guess on the scammers’ goals.

Online cyber-attacks can now take place on your mobile devices, and as most mobile devices do not come equipped with any comprehensive data protection, anti-spyware, or antivirus software, they make easy targets for scammers.

70% of scams are now mobile-friendly with a 680% increase in fraud originating from mobile apps.IBM Security’s annual X-Force Threat Intelligence Index for 2020 reveals the top industries targeted by scammers.

Not surprisingly, financial and insurance services are number one.

In recent years we have seen what cybercriminals are capable of and this leads to dire concern for every smartphone user to protect their activity online as well as keep their private and personal information safe at all times.

With over 100 million installations across the globe, a 4.7-star rating on Google Play, there is a lot that you can do with this software to keep an intruder out of your business for good.

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According to a report from the Nikkei Asian Review, the COVID-19 epidemic has prompted many Asian countries to adopt blockchain technology to secure their data over the Internet against hackers.The increase in blockchain adoption comes when The Business Research Company says the global blockchain market is expected to reach $ 15.88 billion by 2023.Multi-user page: bitcoin to paypalTomohiro Maruyama, senior manager of PwC Consulting, says that he believes the large-scale digital transformation caused by COVID-19 has led to the adoption of blockchain to protect and fight offenses.Maruyama urged other companies to adopt blockchain to secure their data, business, and meetings over the Internet, saying that "companies should adopt blockchain now".Maruyama believes that Blockchain has emerged as an ideal solution against digital counterfeiting, which is the strength of blockchain and has helped companies pay more attention to blockchain.

"Blockchain emerged as a solution to combat digital counterfeiting, motivating businesses to adopt this technology"Kenta Akutsu, CEO of a blockchain startup in Japan, revealed that his company has received multiple requests since the Coronavirus outbreak took place.Akutsu says his company launched a blockchain service in September called "CloudCerts," which offers digital certificates to universities, academic transcripts and expected diplomas for college students looking for work.blockchain predicts the future of the financial industryBlockchain helps a lotAsian countries have been turning to blockchain technology during the pandemic.In Singapore, Agrocorp International has partnered with US Cargill, Singapore blockchain startup Dltledgers, and several logistics companies that use blockchain to monitor agricultural supply chains that were disrupted following the country's shutdown.According to the company, blockchain technology has shortened the settlement times for commercial transactions from one month to five days.In China, online health care platform Xiang Hu Bao, part of Alibaba Group Holding, has a policy of paying up to 100,000 yuan ($ 14,000) in coronavirus deaths.According to the representative of Xiang Hu Bao:“There are many obstacles to helping those in need, as there are a number of scammers disguised as the poor to receive assistance.

But since the adoption of blockchain we have solved this problem, blockchain offers the ability to confirm transparency in addition to processing a billion transactions per day.

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It is not surprising, though, that manyDNA Scalper Reviewpeople have fallen victims to scammers online.

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Free counseling is available at the Department of Housing and Urban Development (HUD) for distressed homeowners who now don’t have to make use of third-party mortgage services.Qualified homeowners are allowed to refinance their homes at more favorable terms by HUD programs like the Home Affordable Refinance Program (HARP).A homeowner can work directly with your lender or consult with third-party mortgage counseling services if they don’t qualify for any HUD programs.

But they must be careful of fraudsters.Scammers take advantage of desperate homeowners without providing any assistance in return.In 2018 the Federal Trade Commission (FTC) sued a group of firms that made false claims of a 98% or higher success rate and suggesting distressed homeowners that they could save hundreds of dollars every month and cut mortgage interest rates by 50%.The firms had modified logos and left the false impression of endorsement by HUD’s Making Home Affordable (MHA) programs.Many customers were charged upfront fees for services and did not receive any loan modifications at all.

In some cases, some consumers were advised not to contact their lender or make mortgage payments.Be aware of the advice that asks you to ignore lenders/payments, charge you upfront fees, and make money-back guarantees for any mortgage service, especially without discussing your situation when the guarantees are made.Though attorneys may charge upfront fees for mortgage services, provided they have a license to practice law in your state and are complying with a special set of rules.To protect consumers from these types of scams, The Mortgage Assistance Relief Services (MARS) rule was created.Before searching for any mortgage relief services homeowners are urged to check out the compliance guidelines of the MARS rule.These guidelines can help homeowners easily spot a scammer.Not only distressed homeowners are targeted but many times scams are designed to get personal information.They could pose that they are part of an Attorney General’s settlement and want bank routing information to deposit the refund.Other scams target upfront payments.Where you may be contacted to join a class action suit against your lender but asked to pay fees to become part of the lawsuit.Please beware there are no fees to join a class-action lawsuit.Before accepting any third-party mortgage services, research the company online, check with the Better Business Bureau (BBB) for any complaints or your state Attorney General’s office.There is never a simple solution for refinancing a home or avoiding foreclosure.Stay with HUD-approved programs and counselors with verified credentials.

Consult professionals who can give you the right advice for your situation.Reference Source: Koam News Nowhttps://www.compareclosing.com/mortgagenews/beware-of-mortgage-scammers/