November 2022 Summaries

As the tech industry faces heightened tensions and widespread layoffs, companies are seeking ways to enhance efficiency to protect their bottom lines, focusing on core product development while minimizing infrastructure costs. Software development processes offer a cost-effective approach to achieving these savings, with strategic adjustments such as optimizing cloud server costs through negotiation or using services like Zesty for cost management. Additionally, adding cost transparency through early project feedback and load testing can improve server performance insights. Effective communication and feedback loops throughout the development process are crucial to avoiding costly miscommunications and development delays. Services like Fingerprint can help mitigate costs associated with infrastructure neglect by providing automated fraud detection, reducing the risk of expensive fraudulent activities.

In 2022, 16% of companies globally, including Fingerprint, operate remotely, offering benefits beyond the stereotypical images of working in pajamas, such as reduced real estate costs for employers and improved employee retention. Remote work expands career opportunities by allowing employees to connect with companies worldwide, which is particularly advantageous for those in rural areas. It also grants workers greater control over their schedules, enabling a better work-life balance by eliminating commutes and providing more time for personal and professional development. Employees report increased productivity, career growth, and overall satisfaction, debunking myths of remote work as less effective. Fingerprint, a company embracing this model, highlights these advantages and invites potential candidates to explore career opportunities within their remote-friendly environment.

Buy Online, Pickup In Store (BOPIS) fraud has surged by up to 250% in recent years, aligning with the growing popularity of BOPIS transactions, which now constitute over 10% of all retail sales. This type of fraud occurs when criminals exploit the convenience of picking up orders in-store to bypass typical online security checks, often using stolen credit cards and identity concealment tactics. Retailers face a significant challenge in balancing customer convenience with security measures to combat BOPIS fraud effectively. Key strategies for prevention include implementing robust identity verification processes during pickup, employing fraud detection software to flag suspicious activity, and requiring additional personal information at checkout. These measures aim to catch fraudulent activity either at the point of purchase or collection, ensuring a secure and efficient customer experience. Businesses have successfully employed advanced technologies like machine learning and data analytics to identify and prevent fraud, demonstrating that with the right approach, BOPIS can remain a beneficial option for both retailers and consumers.

BotD, a new product highlighted in a recent webinar by Fingerprint's Co-Founder/CTO Valentin Vasilyev and Head of Product Jack Spirou, addresses the challenges posed by sophisticated bots, which account for a significant portion of internet traffic by mimicking human behavior to evade detection. These bots automate popular browsers, frequently change IP addresses, and mimic human interactions, making traditional web application firewalls (WAFs) inadequate for detection. BotD is designed to integrate with existing WAFs, enhancing their capabilities by updating rule sets to better identify these advanced bots, thereby adding an extra layer of security to existing detection methods.

The company proudly announced the achievement of its SOC 2 Type II Certification, reinforcing its dedication to high security and privacy standards. This certification, which follows the initial SOC 2 Type I report completed in 2021, was obtained after an independent audit verified the company's adherence to rigorous criteria in security, privacy, availability, processing integrity, and confidentiality. The certification is specifically applicable to Fingerprint Pro, the company's paid offering, while the open-source library does not hold SOC 2 compliance and its users cannot access the report. Further details about the company's security measures and the full press release can be found on their Security page.

Over half of all web traffic is automated, and while not all of it is harmful, malicious bots pose significant challenges by mimicking human behavior and bypassing traditional security measures. Fingerprint has introduced a new product called BotD, which leverages their expertise in device identification and browser fingerprinting to enhance real-time bot detection. A webinar featuring their CTO/co-founder Valentin Vasilyev and Head of Product Jack Spirou explores the complexities of bot detection, showcasing how BotD effectively identifies sophisticated bots that traditional tools may miss. The webinar includes a live product demonstration and a Q&A session for further engagement.