Account takeover fraud has become an increasingly prevalent issue in today’s digital landscape. With the rise of online transactions, hackers and fraudsters have found ways to gain unauthorized access to personal and financial accounts, causing significant financial losses for individuals and businesses alike. In fact, according to a report by Javelin Strategy and Research, account takeover fraud has cost consumers and businesses a staggering $16.9 billion in 2019 alone. As such, it has become imperative for organizations to implement robust fraud mitigation strategies to safeguard their customers’ accounts and protect their businesses from financial harm. Implementing multifactor authentication is crucial for effective account takeover fraud mitigation in today’s rapidly evolving digital landscape. In this comprehensive guide, we will delve into the world of account takeover fraud, exploring its various forms and the tactics used by fraudsters to gain access to sensitive information. We will also discuss the latest technologies and solutions that can help organizations prevent and detect account takeover fraud, ultimately minimizing the risk and impact of this type of fraud. From multi-factor authentication to artificial intelligence, this guide will provide a thorough understanding of the best practices and tools available to effectively mitigate the threat of account takeover fraud.
Preventing account takeover fraud effectively
In an increasingly digital world, where online transactions and interactions have become the norm, preventing account takeover fraud has become a crucial concern for businesses and individuals alike. Account takeover fraud occurs when unauthorized individuals gain access to someone else’s account, typically for malicious purposes such as financial gain or identity theft. To effectively mitigate this risk, organizations must adopt a multi-layered approach that combines robust security measures, proactive monitoring, and user education. Implementing strong authentication protocols, such as multi-factor authentication, can significantly reduce the vulnerability of user accounts. Additionally, continuous monitoring of user activities and behavior patterns can help identify suspicious activities and trigger timely alerts. Educating users about the importance of secure password practices, avoiding phishing attempts, and promptly reporting any suspicious activities can further strengthen the defense against account takeover fraud. By implementing these strategies and leveraging advanced technologies, businesses can enhance their security posture and safeguard their customers’ sensitive information from potential threats.
Authentication methods to safeguard accounts
To safeguard accounts from potential unauthorized access and mitigate the risk of account takeover fraud, organizations should employ various authentication methods. One commonly used method is the use of strong passwords that are unique and complex, discouraging hackers from easily guessing or cracking them. Additionally, implementing multi-factor authentication (MFA) adds an extra layer of security by requiring users to provide additional verification, such as a fingerprint scan or a one-time password, in addition to their password. Biometric authentication, using unique physical attributes like fingerprints or facial recognition, is also gaining popularity as an effective authentication method. Another approach is the use of security keys, which are physical devices that provide an additional level of protection by generating unique cryptographic codes for each login attempt. By combining these authentication methods, businesses can significantly enhance the security of user accounts and reduce the likelihood of successful account takeover attacks.
Proactive monitoring for suspicious activity
To complement these preventive measures, proactive monitoring for suspicious activity is crucial in detecting and responding to potential account takeover threats. Through continuous monitoring of user behavior patterns, organizations can establish a baseline of normal activity and quickly identify deviations that may indicate unauthorized access attempts or suspicious behavior. This can include unusual login locations, multiple failed login attempts, or irregular transaction patterns. By employing advanced analytics and machine learning algorithms, organizations can analyze vast amounts of data in real-time, enabling them to promptly detect and investigate any potential account takeover incidents. Proactive monitoring provides businesses with the ability to take immediate action to mitigate the risk of fraud, protecting both their customers and their reputation.
In today’s digital landscape, implementing multi-factor authentication techniques is a critical component of a comprehensive account takeover fraud mitigation strategy. By requiring users to provide multiple forms of verification, such as a password, a unique code sent to their mobile device, or a fingerprint scan, organizations can significantly enhance the security of their systems and protect against unauthorized access. Multi-factor authentication adds an extra layer of defense, making it more difficult for cybercriminals to gain control of user accounts even if they manage to obtain login credentials through phishing or other malicious tactics. Moreover, the use of biometric authentication methods, such as facial recognition or fingerprint scanning, can further enhance the accuracy and reliability of the authentication process, ensuring that only authorized individuals can access sensitive information or perform high-risk transactions. By integrating multi-factor authentication into their systems, businesses can greatly reduce the risk of account takeover and safeguard the trust and confidence of their users.
Utilizing advanced fraud detection technologies
To complement the implementation of multi-factor authentication, organizations should also utilize advanced fraud detection technologies as part of their account takeover fraud mitigation strategy. These technologies leverage sophisticated algorithms and machine learning capabilities to analyze vast amounts of data in real-time, identifying patterns and anomalies indicative of fraudulent activities. By continuously monitoring user behaviors, IP addresses, device information, and transaction patterns, these fraud detection systems can flag and alert organizations to any suspicious activities or potential account takeovers. Additionally, these technologies can adapt and evolve over time, learning from new fraud patterns and techniques to stay one step ahead of cybercriminals. With the ability to detect and mitigate account takeover fraud in real-time, organizations can significantly reduce the financial losses and reputational damage associated with such malicious activities.
Conclusion
It is crucial for businesses to prioritize account takeover fraud mitigation in order to protect their customers and maintain their reputation. By implementing strong security measures and staying vigilant against potential threats, companies can greatly reduce their risk of falling victim to this type of fraud. It is also important to regularly review and update these measures, as fraud tactics are constantly evolving. With a proactive and comprehensive approach, businesses can effectively combat account takeover fraud and maintain trust with their clients.
With technology constantly changing, mobile apps are now essential tools for companies looking to prosper in the digital era. But creating a good mobile app takes knowledge, effort, and money. In 2024, outsourcing mobile app development won’t only be about choosing a vendor; rather, it will also involve forming strategic alliances that promote innovation, quicken growth, and provide outstanding user experiences. This is the situation where developing mobile apps is outsourced.
By 2024, outsourcing will no longer only be a fad but also a calculated financial decision for many companies. A number of companies such as Briteside now offer such services. Let’s examine several practical ways for you to navigate this terrain.
Understanding the Landscape
It is imperative that you comprehend the current situation of the mobile app development market before committing to outsourcing. The need for creative mobile apps has increased dramatically as cutting-edge technologies like blockchain, AI, and AR become more widely used. This is why users have higher and higher expectations for performance, design, and functionality from their apps. Outsourcing provides a competitive advantage in such a changing environment by giving access to advanced technologies and specialized expertise.
Defining Your Requirements
Outsourcing success is largely dependent on how well your requirements are defined. Spend some time outlining your project’s goals, target audience, desired features, and financial limits before interacting with possible partners. A thorough project brief guarantees that the outsourcing partner fully comprehends your needs and aids in the effective communication of your vision.
Finding the Right Partner
The world is more connected than ever in 2024, providing a wide range of outsourcing choices worldwide. Keep cost-effectiveness as your top priority, but don’t skimp on knowledge or quality. Seek out outsourcing partners with a strong portfolio of completed projects, a track record of accomplishment, and relevant experience developing mobile apps. To promote successful collaboration, take into account variables like cultural compatibility, communication routes, and time zone disparities.
Embracing Agile Methodologies
The process of developing software has been completely transformed by agile approaches. This automatically applies to the creation of mobile apps too. The use of agile development methods such as Scrum and Kanban has become very common in 2024. They allow for rapid prototyping, iterative development, and ongoing feedback loops.
Kanban Approach: It is a system for project management that uses visual tasks to control workflows.
Scrum Approach: It is a framework for project management that organizes team culture and process to complete tasks on schedule.
Prioritize partners that use agile processes when outsourcing the development of mobile apps, as these approaches promote flexibility, transparency, and adaptation throughout the project lifecycle.
Data breaches and cyber threats are becoming more frequent than ever. This is why making sure your mobile app is secure is essential. Give preference to partners who follow industry standards and legal requirements like GDPR and HIPAA when outsourcing development. Use strong security measures to preserve sensitive data and user privacy, such as encryption, authentication, and frequent security audits.
Foster Collaboration
The foundation of a good outsourcing relationship is effective communication. Provide a clear communication route by setting up regular meetings, video conferences, and project management software. To guarantee alignment and reduce potential risks, promote open communication, foster openness, and give prompt feedback. Developing a solid connection with your outsourcing partner is the first step towards joint success as it promotes trust and improves teamwork.
Quality Assurance
When it comes to the competitive world of mobile apps, quality is non-negotiable. Throughout the development process, give thorough testing and quality assurance top priority. Use tools for automated testing, carry out thorough quality assurance inspections, and ask beta testers for input to find and fix problems early on. Dedicated QA teams from outsourcing partners may assist in making sure your mobile app satisfies the highest requirements for dependability, performance, and usability.
Scalability and Maintenance
Think about your mobile app’s long-term maintenance and scalability after the original creation stage. Select a technological stack that facilitates upgrades and enhancements with ease and enables scalability. In order to maintain your app competitive in the ever-changing market landscape, collaborate with outsourcing providers who provide continuous support, maintenance, and optimization services.
In 2024, while working through the challenges of developing mobile apps, outsourcing becomes an increasingly important tactic for companies trying to remain on top of trends. Leveraging IT managed services in this digital transformation era can enable your company to prosper in the future mobile-first environment. You may fully realize the benefits of outsourcing by keeping this guide in mind. Don’t fall behind, give your app the head start that it needs!
To understand war is to identify its roots in conflict. A war starts with one side or another rolling on odds of winning according to plan. Like chess, beginning with 20 possible distinct moves and getting exponentially more as it goes, the finales of war are unforeseeable. Yet statistical determinism tilts the odds of winning to the side of the most motivated force that builds, possesses, promotes, and sells the most and best weapons.
It should be talked about and written about, so as to bring to light the interests and the profits that move the puppet strings of war.
– Pope Francis, Urbi et Orbi message 2023.1
The it in the epigraph refers to arms dealing. And so, as arms production, sales, and trade rise to sustain many of the forty-two ongoing wars, I find myself writing about the people and companies that benefit from wars, the arms dealers, manufacturers, politicians, and public investors. There is a hidden truth about that, but you never hear about it: that wars happen partly because of the existence of a profitable weapons industry supported by powerful influence.
Though the number of global wars and war-related deaths has declined since the last world war, our wars are getting bloodier. Yet still, there are spikes from year to year, and to be clear, most current wars are internal civil wars or terrorist insurgencies, while inter-state wars between developed nations are rare.
More people have died from wars in the last century, including the two World Wars, than in all the wars of the past going back beyond the Peloponnesian Wars of the fifth century BC (431-404). Yes, I know the number of inhabitants, continents, borders, and weapons is much higher now than in history. Now, though, for some wars, according to a recent UN report on the war in Ukraine, “civilians account for nearly 90 percent of war-time casualties.”2 There is good reason for that. The new weapons, even those that are as precise as can be, are becoming more automated and astonishingly robotic. Future wars will increase the civilian/combatant ratio because those wars will involve fewer human fighters. More about that later.
Will there ever be a time of less wars?
Past and future wars tell us who we are as animals. We build and sell weapons to destroy enemies who could otherwise be our fellow friends and strangers enjoying a magnificent planet containing all the resources needed to build healthful, joyful lives for everyone. Just imagine what we could do with world friendship. Why do we have enemies, we ask? Some would say that having enemies is an animal hangover from primordial days when suspicion of outsiders was heightened by safety instincts. Others would say levels of greed come with who we are as individuals. When a country is determining whether to go to war, pacifications are hindered by the money that could be made from weapons sales. Nobody, other than revolutionaries, terrorists, a few totalitarian dictators with dreams of imperial conquest, and arms dealers, wants wars but the economics of winning or losing is not trivially ignored.
Past and future wars tell us who we are as animals. We build and sell weapons to destroy enemies who could otherwise be our fellow friends and strangers enjoying a magnificent planet containing all the resources needed to build healthful, joyful lives for everyone.
Eliminating unnecessary wars or even shortening them is against the interests of arms dealers, and elected government officials looking for expansions of resources to keep the military-industrial complex roaring and soaring the economy to yield high profits. Those same players are banking on how future wars will play out. At issue is the profit margin and the risk of public sentiment. Wars can and do go badly. Battlefield performance is a sales convention where weapons are on display.
If we hope to answer the daunting question of a time without or with fewer wars, we must first admit that some humans tend to need rivals and that some countries do too. Perhaps that’s why we relish in playing and watching those athletic sports that have us choose sides to satisfy our social temperaments. But craving nemeses calls for an over-challenging question about emotions that would be foolish for me to answer. Psychologists have been digging for answers for the last two centuries when the field began studying human mental processes and behavior. Before that, for millennia, those mind and behavior questions were naively answered by philosophers. And before, still, there is the foundational story of Cain and Abel. Of course, killing seems to be a primordial reaction to anger. By a common interpretation, Cain killed Abel out of jealousy and hence anger that his brother’s offering seemed more worthy.
There are wars between siblings, within families, and between political divides and related societies. Those wars are no different from those between states whose governments were formed to protect their populations from harm and to ensure survival through the security of available food, water, and clean air. But every war that has ever been fought—even those between far-off geographies—harms the populations of both the invaders and defenders. Noncombatant war casualties had been documented as far back as the 3rd century Punic Wars (264-146) between Rome and Carthage that lasted more than a hundred years. Same with the Crusades, and on and on, they continued to mount losses through more than two thousand years of warfare until now.
Wars start for many reasons: fear of the other, competition for resources, and, too often, geopolitical one-upmanship maneuverings—all from thinking-animal failures. For modern wars, count the field-testing of military tools for future weapons marketability. A defence buildup in one country frightens neighboring countries into an arms race. Defences might start under the foolhardy wisdom of benign protection; however, once a country has a military capability more advanced than its neighbors, the bully instinct of capable dominance becomes politically enticing, especially when the other’s intentions are not trusted.
Pragmatically, we must first understand why private arms sales are legal for federally licensed dealers. You can buy whatever you want, from tanks to rockets to planes and all the hardware needed for maintenance, delivered by corrupt officials in control of former Soviet Union weapons considered obsolete by advanced countries. How about an RPG Soviet anti-tank grenade launcher for about $2,000 from European suppliers in Bulgaria, Romania, or the Czech Republic? One of those could destroy a million-dollar tank. However, the world does have standards for trading conventional arms, thanks to a legally binding Arms Trade Treaty (ATT) negotiated through the United Nations. Yet, even with that international code of conduct for the transferring of armaments, we have 56 countries exporting arms from fighter jets to missiles.3 With almost 30 percent of the world’s countries trading arms, constant wars are inevitable, and we will see them growing in number for the foreseeable future.4
“Just as private military companies have a vested interest in the profit opportunities which armed conflict creates for them, so insurgents and guerrillas are able to feed off the aid and supplies provided to the indigenous victims of war.”5
And who are those unknown suppliers ranking number 29 in Table 2? They keep low profiles for personal security. One anonymous dealer told Anna Myroniuk, Head of Investigations for the Ukrainian newspaper, Kyiv Independent, “Some of the brokers told journalists that their colleagues had been threatened by the Russians. In Belgium and Norway, arms dealers claim to have been followed on their way home.”6 Some dealers are registered, Others are not. Who are those dealers supplying guerrilla organizations, revolutionary armed forces, or private armies for hire? Where there are wars, there are arms providers. When there are arms providers, there will be wars. And with more wars, there will be more dealers earning excessive profits eager to heat arms markets to inflate prices and keep those wars going. That is the obscure brilliance of arms dealing. To pick one example, from the time of Russia’s invasion of Ukraine till now, weapon suppliers to that war have quadrupled their prices.7
The Stockholm International Peace Research Institute (SIPRI) uses trend-indicator value (TIV) as a system to measure the volume of international transfers of conventional weapons based on size, weight, range payload, and age, not on cost. Small arms and light weapons, trucks, and artillery under 100-mm caliber ammunition transfers are not included in the database. Aircraft, air defence systems, anti-submarine warfare weapons, armored vehicles, artillery with a caliber over 100 mm, engines, missiles, unmanned air, and sea vehicles (drones), reconnaissance satellites, and ships are all part of the transfer database (see: Table 2).
Success with military equipment in warfare is a show for potential buyers. Wars are testing grounds for equipment, a roadshow sales convention where weapons are on display, so a poor showing leads to fewer purchases. Russia’s arms sales are now ranked in 3rd place after the United States and France.8 It will soon be in 10th, given its poor performance in its war with Ukraine.9 Russia’s revenues have dropped roughly 26 percent from last year to this, a consequence of badly losing at the start of its invasion.
With weapons, war will come. Nine of the top 10 weapon-producing countries have been at war for most of their independent existence. It appears there is a correlation between a country’s weapons revenue and war engagements. In one way, it seems that countries heavily manufacturing weapons will enter wars to show off their weapons. On the other hand, war itself encourages weapons manufacturing. Ranking 4th in TIVs and 7th in arms revenue, China is the only heavy arms-producing country in the top 10 that has not acted in any international wars for the last forty-four years. That is just one country in the story, so it doesn’t confirm either view.
Unregistered dealers buy weapons from one rebellious militia to sell to another or use corrupt officials to gain weapons and sell them to private armies. Those suppliers are part of the problem. Then there are the companies with yearly revenues in the tens of billions of dollars along with their lobbying powers of political manipulation. For example, Lockheed Martin’s annual revenue in 2023 was $67.6 billion. With that much money at stake, the pressure is heavily on, not just for producing weapons stockpiled for anticipation of use, but also for the momentum of continued wars. Used weapons need to be replaced. Five of the combined top US weapons manufacturers earned $189 billion in 2022, close to 3.8 percent of the $4.9 trillion of US federal revenues and 0.7 percent of the US GDP. Consider what those companies will do with their influence powers over public officials on the issue of weapon manufacturing and development.10
Will those few corporations accept conditions leading to fewer wars in the world with diminished arms sales? Will they so easily mothball their weapons plants to focus development on home appliances and commercial aircraft at just 31 percent of current revenue? Shareholders would protest when they see their shares steeply dropping in value. And what about the rest of the world? Besides the revenues from the five top US companies, the other 94 companies around the world reap annual arms revenue of over $408 billion. Sure, a few could go back to building more Airbuses and dishwashers, but their earnings would drop to almost 7 percent of their weapons profit.
The leaky pipeline of small arms traffic
“We cannot keep mopping up the damage while the pipeline keeps leaking.”12 On October 20, 2022, the UN General Assembly First Committee agreed that corruption is almost impossible to stop but that there are means of arms-control measures that can be made to prevent the trafficking of weapons.
Drug cartels in Colombia, Mexico, and Guatemala get their weapons either by stealing from manufacturing facilities or by illegally buying from underground supply chains of the black market. But those consortia are looking for small arms, transportable military weapons from automatic assault rifles to surface-to-air missiles. In Africa, armed groups and government forces in Burkina Faso, Cameroon, the Democratic Republic of the Congo, Ethiopia, Mali, Mozambique, Nigeria, Senegal, South Sudan, and Sudan are eagerly courting suppliers. Of those states, only Nigeria can manufacture arms through ProForce Limited, a state-based company that provides defence equipment for West Africa. Other countries’ weapons are not produced on the continent. So, who is selling to them?
Corruption is almost impossible to stop but there are means of arms-control measures that can be made to prevent diversion of weapons. What can export states do to curb illegal trafficking? Nothing, if it Is impossible to keep an electronic trail.
Before the war in Ukraine, Russia was the region’s largest arms exporter. With Western sanctions on Russia limiting parts supplies, the world is seeing its poor showing of outdated arms. African countries are looking elsewhere for arms supplies. It is impossible to know the channels that governments will tap for more war weapons; there are always underground markets involving corrupt officials who steal not-so-small arms. But revolutionary and mutineer groups, ready to overthrow their respective governments, also will be looking for corrupt officials who can divert weapons from other sources. Weapons used in African conflicts are mostly produced outside the continent and a large fraction of them are dispersed and acquired by illegitimate armed groups. That puts so much of Africa is the center of illicit small arms trade.
Corruption is almost impossible to stop but there are means of arms-control measures that can be made to prevent diversion of weapons. What can export states do to curb illegal trafficking? Nothing, if it is impossible to keep an electronic trail. So, our wars go on to make more. But we live in an age where electronic footprints are ubiquitous, and so why not track the paths of trafficking?
Gunrunning small arms
Small arms and rocket-propelled grenades found by Marines from Bravo Company, 1st Battalion 3rd Marine Regiment in a house in Fallujah. From left to right: AKM, Heckler & Koch G3, another AKM, stock removed, two Rocket Propelled Grenades and two RPG-7s. Public Domain.
Small arms, generally referring to guns from handguns to automatic machineguns and any incendiary devices or explosive munitions, are manufactured by either an arms-dealing company, defence department suppliers, illicit homegrown groups, or ex-combatant civilians who refurbish the arms they kept. Few gunrunners deal with heavy arms trading because the UN has adopted and ratified the Arms Trade Treaty to trace and prosecute anyone suspected of illegal trade, but the biggest non-governmental trades that keep small wars going are the small arms legal and illegal industries.13 Almost every country in the world,—small, large, peaceful, weak, and powerful—trades in small arms. All have a slim chance of being liable for firearm misuse that causes physical damage or the loss of human life. Manufacturers or dealers are not liable for their instruments of war when things go wrong. Gun manufacturers in the U.S. have the Protection of Lawful Commerce in Arms Act (PLCAA) on their side. That Act shields them from misuse of their firearms after sales. For the U.S. there are extremely rare exceptions in favor of plaintiffs; when a gun manufacturer violates state or federal law in marketing or sale, the PLCAA does not apply. The gun manufacturer, Smith & Wesson, was sued by survivors of the Highland Park, Illinois mass shooting that left seven dead. The Sandy Hook school shooting left twenty children and six adults dead. Their families settled a lawsuit against the gun manufacturer Remington for $73 million.
There are 663 gun and ammunition manufacturing businesses in the U.S., but in South Sudan, there is just one, the Military Industry Corporation, a state-run defence corporation that produces firearms, munitions, and artillery. South Sudan, a country with no large-scale weapons industry, has been at civil war against multiple internal and external forces for more than a decade. That begs the question: How do those two warring sides get their weapons? One source is the state-owned Chinese defence corporation Norinco, which sold 95,000 assault rifles and 20 million rounds of ammunition to the South Sudan government. Another was through Erik Prince, Chairman of the private security firm Frontier Services Group based in Houston, Texas. His company provided three Mi-24 Soviet-era-made large gunship attack helicopters with two Soviet-made L-39 Albatross light ground-attack jets for $43 million. Those sales were legal, as they came from UN-licensed arms traders.14 But how did the government acquire 30 T-55 Soviet-made battle tanks and 10 BM-21 Soviet self-propelled rocket launchers? They came from a company owned by a Serbian businessman, Slobodan Tesic, implicated in having connections to transnational organized crime.15 Most illicit conventional arms come from “government disposals of ‘surplus’ arms or thefts from insecure government stockpiles” paid for with either cash or “blood diamonds” with no paper trails.16
Just to be clear, many wars are.
Africa is just one continent with a trafficking problem, but not the only one. According to the United Nations Office for Disarmament Affairs, illicit arms dealing is “a worldwide scourge” of firearms markets in Europe and Africa presenting a serious threat to world security. With unknown high-tech rogue sellers and buyers, shippers, states, and some organized crime groups. including, of course, governments and private licensed manufacturers, any private group with enough cash or blood diamonds can supply a rebellion or militia with enough weapons to become a significant force.
In the U.S., arms trafficking is meticulously controlled, except when not. Many countries accept trafficking as just regular business. When the Soviet Union collapsed, the arms from Soviet-controlled countries were practically gifts to traders, so the businesses exploded in the late years of the twentieth century.
Running weapons from one country to another goes through an intelligence channel, but sometimes, in transferring, they are diverted by corrupt middlemen to unintended groups. When the legitimate arms trader Sarkis Soghanalian was interviewed by Frontline/World co-producer William Kistner in 2001, he talked about shipments getting into the wrong hands; he told a story about a delivery of 10,000 AK-47s that was to go to the Peruvian government but ended up in the hands of the Revolutionary Armed Forces of Colombia or was it “the Ecuadorians or drug dealers, we don’t know.”17
All countries need arms, and those that manufacture weapons are willing to sell. So, most countries look the other way, avoid prosecution of illegal brokers and traffickers, and even welcome some of the most notorious dealers profiting from illegal arms deals. One is Viktor Anatoliyevich Bout, believed to be the world’s biggest arms dealer, a Russian who admits having sold weapons to the Taliban in the late 1990s when his profits were close to $50 million. Another was Dale Stoffel, who contracted to sell 34 Russian missiles to Boeing to test American ship defence systems, though that sale was never completed. It’s hard to find current dealers because they live protected in a semi-mob incognito underworld. And there was Jean-Bernard Lasnaud, a French-born American citizen, who said he earned on-average, between $1M to $2.5M a year. You could have bought tanks, rocket launchers, Scud missiles, helicopters, small arms, fighter jets, field hospitals, and anti-aircraft missile launchers from Lasnaud before he became an Interpol wanted man who had disappeared.18
A vast majority of deaths attributed to wars are done with low-tech small arms and explosives. But many illegal weapons dealers can and will sell anything, including heavy arms to the highest bidder, be it a country, a revolutionary group, or a terrorist organisation.
By Witnessing Stories of Drone Advancement, Artificial Intelligence’s Future Weapons seems Unhindered by International Law.
In the last century, conventional weapons came from relatively few heavy-industry corporations tightly connected to the military wings of governments. There were always small arms manufacturers and some homemade gun assembly and ammunition creations made in garages and sold through black markets. In this century, arms innovations and supplies are coming from the tech sector and a much larger group of garage manufacturers who build smart lethal devices from information available on the Internet.
For another partial answer to whether there will ever be fewer wars, we explore AI tools of future warfare. Lethal drones are superseding conventional air and sea weapons. Millions are being manufactured, some are homemade and relatively cheap. A smart one might cost a few thousand dollars and, with remote human help, can attack an enemy target worth many millions. But the day will come, perhaps very soon, when they become equipped with enough sophisticated artificial intelligence to spot, identify, and attack enemy combatants autonomously. In 2017, Vladimir Putin, a leader of few scruples who shows little regard for international law, said, “The one who becomes the leader in this sphere [AI] will be the ruler of the world.”19 Elon Musk surprisingly rejoined Putin’s remark at that time, “AI is a fundamental risk to the existence of human civilization.” Russia, though, with its Lancet kamikaze drones showing little success on the battlefield through many misses and failed strikes, does not yet possess autonomous killer drones.20
Almost seven years have passed since Putin’s AI-ruler-of-the-world assertion, and so far, drones perform best with human piloting from distant control. But now, defence contractors everywhere, including military, academic, and private sector labs, are developing AI technologies to build autonomous armies and air forces as fighting machines.
Do we truly believe that military drones, those lightweight lethal helicopters, or jet ski drones are the digital future of weaponry? The U.S. Air Force has accelerated sights on AI-based mission control systems to be placed in F-16s so that heavy combat fighter jets could be in autonomous mode. Testing is currently underway, but evidence shows that the Air Force is not far from having a total autopilot dogfighting craft by 2030.21 Still, the future of warfare is impossible to predict, as many current four-star military officers, historians, and futurists will admit.22
The one big question, “Why are there so many wars?” becomes three:
How would future wars be fought?
Who would supply weapons in future wars?
Can international laws be strengthened to regulate future weapons?
As new generations of autonomous weapons systems become available, more combatants can fight from home. In February 2024, a Ukrainian special operations unit piloted from a laptop on the waterfront of the Black Sea six Magura V5 sea drones on jet skis, moving at 42 knots to sink the Russian guided-missile warship Ivanovets that was transporting ammunition. A month later, Ukraine Special Operations Group 13, using the same brand of sea drones, sunk Sergey Kotov, the newest Russian warship built for $65 million.23 The Magura V5 is relatively small, fast, and hard to see. Warships cannot easily target or out-maneuver such a nimble attack weapon.
While war data analytics and computational capabilities are powered now by advances of artificial intelligence that can mark prize targets, cybertechniques of economic, political, and informational warfare are progressively playing their parts in direct and indirect warfare. The weapons industry and its dealers are no longer just players in manufacturing and distributing hardware weapons, they have expanded into hybrid warfare activity. What was once a profit productiveness has become an even more powerful force.24
The fog of future warfare unknowability
We know future wars will be fought differently, eventually with inconceivable weapons. While futurists work on what now seems to be beyond the most fantastic visions, the world evolves by unnoticeable small and sometimes large changes distinguished by advances or regressions noticed only in thirty-year intervals. We have many examples, starting with the smartphone, the battery, or the drone. Weapons of war don’t usually become obsolete in thirty-year intervals; they improve in design, killing power, mobility, and automobility. But though the future of warfare is, has always been, and always will be unknowable, there could be a time when lethal arms will not be the weapons of choice in military conflicts. Even nuclear bombs can become obsolete. The whole idea of lethal arms in warfare could change in a paradigm shift through clever cyberarts that achieve the same results as present warfare without having to kill large numbers of innocent people.
We know future wars will be fought differently, eventually with inconceivable weapons. While futurists work on what now seems to be beyond the most fantastic visions, the world evolves by unnoticeable small and sometimes large changes distinguished by advances or regressions noticed only in thirty-year intervals.
From my partiality and naïve yet curious interest, I envision a time when non-lethal weapons will be more formidable than nuclear bombs. How is that possible? You ask. Suppose the new weapons are cyber in nature. Exploring that possibility directs the imagination toward military activities aimed at enemy computer infrastructure. Cyber power can bring a country to an economic slump of frightening levels. Cyber weapons can isolate countries from commerce. When the world goes more aggressively cyber, the effects could bring a few continents down to far more than just a combined temporary economic slump. Eventually, cyber power will be the most formidable weapon to supplant the nuclear ones. When that eventual time happens, there will be millions of cyber abusers willing to sell hacking services and methods to the highest bidders, and there will be no law-enforcement agencies able to stop them. An evolution of warfare techniques and weapon machinery is happening with lightning speed. If solar winds can mess with satellites, why can’t hackers in Vladivostok do the same to cause power outages, disrupt communications, knock out navigation systems, and even destroy satellites? Arms dealing becomes then hacker recruiting, an almost non-detectable job done from anywhere with reception. If that happens, the chances of having fewer wars diminish.
Such wars will be limited and handled as cyber retaliation, not necessarily by bombs. In 2010, Stuxnet, a computer worm that targets data systems, was smuggled into Iran to silently sabotage Natanz nuclear facility centrifuges by manipulating valves to increase pressure and damage enrichment processes. That worm uses an automated process that hijacks computers to control machinery and industrial processes and destroys equipment.25 It did what it was supposed to do in Iran, but it spread to Indonesia, Pakistan, India, and back to the U.S., where it most likely originated. In 2017, the Danish shipping giant Maersk, which holds a fifth of the world’s shipping industry, experienced a cyberattack that brought 800 of its ships to anchor.26 That economic destruction was part of a Russian military intelligence pattern using the NotPetya ransomware that enables remote access to change a target program’s internal code. The Russians used NotPetya, a highly advanced command, control, communications, and computer systems, against Estonia in 2007 and Ukraine a decade later.27 Those worms can do significant damage, but they are primitive compared to what future swarms of worms will do in moving conventional warfare to cyberspace battlefields.28
I am not advocating a release of worms to the cyber field to save lives on the conventional battlefield. Cyberwars are not directly brutal, but indirectly, a significant number of lives could be lost or damaged from wriggling twists of economic, health, and emotional fallout from forever-increasing hacking intelligence. However, comparing cyber warfare to the threats of nuclear annihilation that seem to be overtaking deterrent theory, the cyber idea may be our only hope for the planet because there is a sufficient expectation that it will eventually be controlled by international laws that are yet to be enacted. In these times, cyberwar dealers are ubiquitous, global, and covert. As blogged in “Humanitarian Law and Policy” by Dr. Tilman Rodenhäuser and Mauro Vignati, advisers to the International Committee of the Red Cross, “Sitting at some distance from physical hostilities, including outside the countries at war, civilians – including hacktivists, to cyber security professionals, ’white hat’, ’black hat’ and ’patriotic’ hackers – are conducting a range of cyber operations against their ’enemy’. Some have described civilians as ’first choice cyberwarriors’ because the ’vast majority of expertise in cyber (defence) lies with the private (or civilian) sector’”29
Cyber vigilantes
At issue, today, is smuggling, corruption, and dealing linked to weapon research and development for future wars when autonomous weaponry, cyberwars, and disinformation supplant conventional arms. You or I can buy a pocket-sized light weight silent drone and retrofit it with surveillance video apparatus, just like the US Army Black Hornet used to survey troop movements. It is too light to use it for offense in battle, but if you can find a corrupt dealer to bribe and are willing to pay a few million dollars, there is the U.S. Air Force Predator that can fly for twenty-four hours at a height 26,000 feet and be piloted from 7,500 miles. Don’t count on getting it armed with 500-pound precision bombs; that can be done only by the branches of the U.S. military. Predators were operated in the Afghanistan war by pilots living on army bases in the U.S.; As Gary Fabricius, a Predator squadron commander said, “You see Americans killed in front of your eyes and then have to go to a PTA meeting. You are going to war for 12 hours, shooting weapons at targets, directing kills on enemy combatants, and then you get in the car, drive home, and within 20 minutes you are sitting at the dinner table talking to your kids about their homework.”30 What will happen when civilians working from their home countries get involved in armed conflicts with other countries using digital technology? They may be concerned individuals, loyal refugees, patriotic hackers, or professional cyberwar dealers who can sabotage economies, vital hospital and power station equipment, government services and spread false information to confuse voters ready to cast their ballots in elections. “With many groups active in this field,” Rodenhäuser and Vignati tell us, “some of them having thousands of hackers in their coordination channels and providing automated tools to their members, the civilian involvement in digital operations during armed conflict has reached unprecedented proportions.”32,33
With thousands of hackers playing war sitting home miles from any conflict, are they considered civilians? Oddly, international humanitarian law says little about hacking or civilians conducting cyberwar against combatants in armed conflict. It does, however, hold many strict rules for the protection of civilians, with the most inhumane offenses being prosecutable as war crimes. Cybernetic space has the same international laws as the space we live in. Civilians and combatants are bound equitably by the laws of the country they operate in. Cyberspace is not a lawless space. Hackers might start as civilians, but with the first hack, they are considered illegal virtual arms dealers.
Future wars will follow a marked change in direction, from war plans designed to kill combatants with autonomously launched incendiary weapons to cyberart strategies that strike at the political bases and economic substructures of enemy states. Cyberwars rely on accelerating technical advances that will transform weaponry supporting military conflicts while being more accessible to hackers who profit from extremist attacks, criminal activity, and information dealing. If cyberwars between enemy states diminish the number of casualties, there still will be dealers itching for profits. Though the number of global war-related deaths has indeed been declining since the last world war ended, that number is far too high for a civilized world.34 There is a highly disturbing likelihood that future warfare tactics could involve takeovers of nuclear plants, power structures, or hospitals, raising the odds of there being more deaths; however, if a new world of cyberarts brings war evolution mechanics to new cyberbattle fields where lethal weapons are obsolete and where countermeasures are in place, then perhaps we will not continue to kill in such large numbers.
Or we can hope that future cyberarts of wars will model the brilliance of the Pig War, a military conflict between the U.S. and Britain (1859) “over a squabble of a pig” in which there were no human casualties on either side.35
Joseph Mazur is an Emeritus Professor of Mathematics at Emerson College’s Marlboro Institute for Liberal Arts & Interdisciplinary Studies. He is a recipient of fellowships from the Guggenheim, Bogliasco, and Rockefeller Foundations, and the author of eight acclaimed popular nonfiction books. His latest book is The Clock Mirage: Our Myth of Measured Time (Yale).
References 1. https://www.vatican.va/content/francesco/en/messages/urbi/documents/20231225-urbi-et-orbi-natale.html 2. https://documents-dds-ny.un.org/doc/UNDOC/GEN/N22/321/73/PDF/N2232173.pdf?OpenElement 3. https://armstrade.sipri.org/armstrade/page/toplist.php 4. https://hal.univ-grenoble-alpes.fr/hal-03609741/document 5. Hew Strachan and Sibylle Scheipers (Eds), The Changing Character of War (New York: Oxford University Press, 2011) 4. 6. https://kyivindependent.com/how-western-companies-make-fortune-on-brokering-arms-deals-for-ukraine/ 7. https://www.reuters.com/world/europe/inside-europes-drive-get-ammunition-ukraine-russia-advances-2024-03-06/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Daily-Briefing&utm_term=030624&user_email=bb759ff36f2ff61999abd346c905873915c01036c5a2b4978fb83f6b22e77fde 8. http://www.sipri.org/databases/armstransfers/sources-and-methods/ 9. https://armstrade.sipri.org/armstrade/html/export_toplist.php 10. Besides the revenues from the five top US companies, the world has an annual arms revenue of over $408 billion.. 11. https://www.sipri.org/visualizations/2023/sipri-top-100-arms-producing-and-military-services-companies-world-2022 12. https://press.un.org/en/2022/gadis3694.doc.htm 13. https://disarmament.unoda.org/ATT/ 14. Martell, Peter, First Raise a Flag: How South Sudan Won the Longest War but Lost the Peace (Oxford: Oxford University Press, 2019) 235. 15. https://home.treasury.gov/news/press-releases/jy16061
16. Greene, O. Examining international responses to illicit arms trafficking. Crime, Law and Social Change33, 151–190 (2000). https://doi.org/10.1023/A:1008398420612 17. https://www.pbs.org/frontlineworld/stories/sierraleone/soghanalian.html 18.https://www.pbs.org/frontlineworld/stories/sierraleone/lasnaud.html#:~:text=Then%2C%20in%20the%20spring%20of,a%20gated%20South%20Florida%20community. 19. https://hir.harvard.edu/artificial-intelligence-china-and-the-international-stage/ 20. https://www.forbes.com/sites/davidhambling/2022/12/01/russian-loitering-munition-racks-up-kills-but-shows-limitations/?sh=481ea20e5d58 21. https://www.eglin.af.mil/News/Article-Display/Article/3320435/eglin-steps-up-as-proving-ground-for-digital-modernization-effort/ 22. David Patraeus and Andrew Roberts, Conflict: The Evolution of Warfare from 1945 to Ukraine (New York: HarperCollins, 2023) 405. 23. The sinking of Sergey Kotov has not been independently confirmed at the time of this writing,. 24. Hew Strachan and Sibylle Scheipers, The Changing Character of War (Oxford, UK: Oxford University Press, 2011) 336. 25. https://www.zdnet.com/article/stuxnet-attackers-used-4-windows-zero-day-exploits/ 26. https://www.latimes.com/business/la-fi-maersk-cyberattack-20170817-story.html 27. Ibid, Patraeus and Roberts, 434 28. Mark Galeotti, The Weaponization of Everything: A Field Guide to The New Way of War (New Haven: Yale University Press, 2022) 113. 29. https://blogs.icrc.org/law-and-policy/2023/10/04/8-rules-civilian-hackers-war-4-obligations-states-restrain-them/#:~:text=Sitting%20at%20some%20distance%20from,operations%20against%20their%20’enemy’. 30. Peter Warreb Singer, Wired for War: The Robotics Revolution and Conflict in the 21st Century, (New York: Penguin, 2009) 347. 31. https://harvardnsj.org/volumes/vol1/schmitt/ 32. https://blogs.icrc.org/law-and-policy/2023/10/04/8-rules-civilian-hackers-war-4-obligations-states-restrain-them/#:~:text=Sitting%20at%20some%20distance%20from,operations%20against%20their%20’enemy’. 33. https://www.lawfaremedia.org/article/civilianization-digital-operations-risky-trend 34. https://www.un.org/en/un75/new-era-conflict-and-violence 35. https://web.archive.org/web/20080709060607/http://www.wahmee.com/pigwar.html
Life insurance is a crucial aspect of financial planning, providing protection and peace of mind to individuals and their families. Among the various types of life insurance policies, term life insurance is famous for its simplicity and affordability. In particular, 20-year term life insurance balances coverage length and cost-effectiveness. This article will delve into the pros and cons of 20-year term life insurance, examining its benefits and potential drawbacks to help you make an informed decision about your insurance needs.
Affordable Premiums
One of the primary advantages of 20-year term life insurance is its affordability. Compared to whole-life or universal life policies, the cost of 20 year term life insurance typically offers lower premiums, making it accessible to individuals on a budget. The 20-year term life insurance cost is determined by age, health status, and coverage amount. Generally, younger and healthier individuals can secure lower premiums, making it an attractive option for cost-effective coverage. By opting for a 20-year term, policyholders can lock in these affordable premiums for the term, providing financial stability and predictability.
Flexibility
Another benefit of 20-year term life insurance is its flexibility. Unlike permanent life insurance policies, which can be complex and inflexible, term life insurance offers simplicity and adaptability. With a 20-year term policy, individuals can choose the coverage amount that best suits their needs and adjust it as their circumstances change. Whether starting a family, buying a home, or planning for retirement, a 20-year term life insurance policy can provide the necessary coverage during critical life stages. Additionally, some term life policies offer the option to convert to a permanent policy later, providing added flexibility for long-term financial planning.
Limited Coverage Period
While the affordability and flexibility of 20-year term life insurance are appealing, it’s essential to consider the limitations of this type of coverage. One of the most significant drawbacks is the limited coverage period. Unlike permanent life insurance, which provides coverage for the insured’s entire life, term life insurance only offers protection for a specific term, in this case, 20 years. Once the term expires, policyholders must either renew their coverage at a higher premium or risk being uninsured. This limitation can be problematic for individuals who require coverage beyond the initial 20-year term, especially if they develop health issues that make obtaining new coverage difficult or expensive.
No Cash Value Accumulation
Another downside of 20-year term life insurance is the need for cash value accumulation. Unlike permanent life insurance policies, which include a savings component that accumulates cash value over time, term life insurance purely provides death benefit coverage. It means that policyholders need the opportunity to build cash value or access funds through policy loans or withdrawals. While the primary purpose of life insurance is to provide financial protection for loved ones in the event of the insured’s death, the absence of cash value accumulation may deter individuals who view life insurance as an investment vehicle.
Peace of Mind
Despite its limitations, 20-year term life insurance provides invaluable peace of mind to policyholders and their loved ones. Knowing that their beneficiaries will receive a death benefit in the event of their passing can alleviate financial stress and uncertainty. This peace of mind is essential during the policy term, especially if the insured is the primary breadwinner or has dependents relying on their income. By securing adequate coverage through a 20-year term policy, individuals can ensure their loved ones are financially protected against the unexpected.
Consideration of Future Needs
When evaluating the suitability of 20-year term life insurance, it’s essential to consider future financial needs and obligations. While a 20-year term may be sufficient for some individuals, others may require coverage beyond that timeframe. For example, parents may want coverage until their children are financially independent, or individuals with substantial debts may need coverage to protect their estate. By carefully assessing future needs and obligations, individuals can determine whether a 20-year term policy adequately addresses their long-term financial security.
Health Considerations
Another factor to consider when choosing 20-year term life insurance is the impact of health on insurability and premiums. Generally, younger and healthier individuals can secure lower-term life insurance coverage premiums. However, obtaining affordable coverage becomes more challenging as individuals age or develop health issues. Therefore, it’s crucial to consider the potential impact of health changes over the 20-year term when purchasing life insurance. Additionally, some term life policies offer the option to add riders for additional coverage, such as critical illness or disability benefits, protecting against unforeseen health challenges.
Reviewing Policy Options
As with any financial decision, reviewing policy options carefully and comparing quotes from multiple insurance providers is essential. While the cost of 20 year term life insurance is a significant consideration, it’s not the only factor to evaluate. Policy features, customer service reputation, and financial stability are important considerations when selecting an insurance provider. By researching policy options and consulting with insurance professionals, individuals can make informed decisions that meet their coverage needs and budgetary constraints.
In conclusion, 20-year term life insurance offers a balance of affordability and flexibility, making it a popular choice for individuals seeking temporary coverage at a reasonable cost. With affordable premiums and customizable coverage options, 20-year term life insurance provides financial security during critical life stages. However, weighing the benefits against the limitations is essential, such as the limited coverage period and lack of cash value accumulation. By understanding the pros and cons of 20-year term life insurance, individuals can make informed decisions that align with their financial goals and needs.
One of the key attractions of Australian online casinos is their convenience. There’s no need to travel to a physical location, dress up, or adhere to a casino’s operating hours. Instead, you can log in and play whenever the mood strikes.
However, with the rise of online gambling comes the need for caution. Not all Australian casino sites operate with the same level of integrity and fairness. To ensure a safe and fair gaming experience, you must choose legitimate platforms like Neospin and Skycrown.
If you’re not confident about finding legit online casinos, this guide is exactly what you need. So, keep reading!
How Do You Know if an Australian Online Casino is Legit?
When it comes to online gambling, ensuring that your chosen platform is legitimate is crucial. Here are some key factors to consider when determining the legitimacy of an Australian online casino:
Licensing and Regulation
The most important sign of a legit online casino is proper licensing. In Australia, legitimate online casinos are typically licensed by gaming authorities such as the Malta Gaming Authority (MGA), the UKGC or UK Gambling Commission, or the Curacao eGaming Authority.
These licenses indicate that the casino operates under strict regulations, ensuring fair play and the protection of players’ rights.
Security Measures
A legitimate Australian online casino will prioritize the security of its players’ data. Look for casinos that use SSL encryption technology to protect your personal and financial information. Additionally, check if the casino has a privacy policy in place, detailing how your data is collected, used, and protected.
Game Fairness
The best Australian online casinos use Random Number Generators (RNGs) to ensure the fairness of their games. RNGs are regularly tested and certified by independent auditing firms such as eCOGRA, iTech Labs, or GLI. These certifications ensure that the games are not rigged and offer a fair chance of winning.
Payment Options
Legit online casinos offer convenient payment methods for deposits and withdrawals. These may include credit/debit cards, e-wallets like PayPal and Neteller, bank transfers, and even cryptocurrencies. Additionally, the casino should process withdrawals promptly and provide clear information about transaction fees and processing times.
Positive Reviews and Reputation
One of the best ways to gauge the legitimacy of the best online casinos Australia is by reading reviews from other players. Look for reviews on reputable websites and forums dedicated to online gambling. Pay attention to their experiences regarding game variety, customer service, withdrawal processes, and overall satisfaction.
Customer Support
A legit online casino will offer reliable customer support. Check if the casino provides multiple contact methods such as live chat, email, and phone support. Prompt and helpful responses to queries can indicate a trustworthy platform.
Transparent Terms and Conditions
Reputable online casinos have clear and transparent terms and conditions. Take the time to read through these documents to understand the casino’s policies on bonuses, withdrawals, and other important aspects. If anything seems unclear or unfair, it’s best to steer clear of that casino.
What is the Best Paying Online Casino in Australia?
Among the many Australian online casinos, Neospin enjoys a reputation as one of the best-paying sites. Here’s a closer look at what makes Neospin a top choice for Australian gamblers.
Game Selection: 4.9/5
Neospin offers an impressive array of games from some of the leading software providers in the industry, such as NetEnt, Microgaming, and Play’n GO. You can enjoy a variety of slots, ranging from classic three-reel games to the latest video slots with stunning graphics and innovative features.
This Australian online casino provides a comprehensive selection of table games, including multiple variants of blackjack, roulette, and baccarat. Those seeking a more immersive experience will appreciate the live casino section which offers real-time gaming with professional dealers.
Bonuses and Promotions: 5/5
Neospin excels at providing attractive bonuses and promotions that enhance the gaming experience. New players are greeted with an AU$10,000 welcome bonus package with 100 free spins.
Regular players can use ongoing promotions such as reload bonuses, cashback offers, and loyalty rewards. Neospin also runs exciting tournaments and competitions, allowing you to win additional prizes and boosts to your bankrolls.
Payment Options: 4.85/5
Neospin offers a variety of secure and convenient payment methods. You can deposit with Visa and MasterCard, as well as popular e-wallets like Neosurf and Mifinity. If you are looking for crypto casino Australia sites, Neospin supports Bitcoin, Ethereum, and other major digital currencies.
The casino ensures fast and hassle-free withdrawals, with most transactions processed within 24 hours.
Customer Support: 4.9/5
Customer satisfaction is a priority at Neospin, and their support team is available 24/7 to assist you with any queries or issues. The casino offers multiple contact methods, including live chat and email, ensuring that help is always readily available.
Where to Find the Best Online Casino Games in Australia?
For Australian players seeking the best online casino games, Skycrown is a top destination.
Game Selection: 5/5
Skycrown boasts a vast library of games from leading software providers like Evolution Gaming, Betsoft, and Pragmatic Play. You can explore an extensive collection of slots, featuring everything from classic fruit machines to modern video slots with captivating themes and bonus features.
In addition to slots, the site offers a wide range of table games, including various versions of online poker, blackjack, roulette, and baccarat. The live casino section is particularly impressive, offering live dealer games that bring the authentic casino atmosphere directly to players’ screens.
Promotions: 4.8/5
Skycrown is known for its generous promotions, which cater to both new and existing players. Newcomers are welcomed with an AU$4,000 and 400 spins.
Existing players can benefit from regular promotions such as reload bonuses, cashback offers, and loyalty rewards. Skycrown also runs exciting tournaments and special events, providing you with additional opportunities to win big and enjoy your favorite games.
Banking Methods: 4.85/5
Skycrown offers a variety of secure and convenient banking methods, including traditional options like Visa and MasterCard, as well as popular e-wallets such as PayID, Mifinity, and Neosurf.
For those who prefer more modern payment solutions, Skycrown supports cryptocurrencies like Bitcoin and Litecoin. The casino ensures quick and efficient processing of withdrawals, with most requests handled within 24 hours.
Customer Support: 4.9/5
Skycrown prioritizes customer satisfaction and provides excellent support through multiple channels. You can reach out to the support team via live chat, email, or phone for prompt and professional assistance.
Joining the best Australian online casinos is a straightforward process. Here’s a step-by-step guide to get you started:
1. Choose a Legitimate Online Casino
Before signing up, ensure that the online casino is legitimate. Look for licensing information, security measures, and positive reviews to verify the casino’s credibility. Neospin and Skycrown are great examples.
2. Visit the Casino’s Website
Once you’ve selected a reputable casino, visit its official website. Most Australian casino sites have a user-friendly interface that makes navigation easy.
3. Register an Account
Click on the “Sign Up” or “Register” button, usually located at the top right corner of the homepage. You’ll be prompted to fill out a registration form with your personal details, including your name, email address, date of birth, and contact information. Make sure to provide accurate information to avoid any issues later on.
4. Verify Your Information
Once you submit the form, you may be asked to verify your account. The casino will send a verification email to the address you provided. Click on the verification link to confirm your account. Some casinos might also require you to verify your identity by submitting documents such as a government-issued ID or a utility bill.
5. Make Your First Deposit
Once your account is verified, log in and navigate to the banking section. Choose your preferred payment method and make your first deposit. Many casinos offer a welcome bonus for new players, so be sure to check the promotions page and opt-in if necessary.
Legit Online Casinos in Australia – FAQs
How can I tell if an online casino is legitimate?
Check for licensing information, security measures, and positive reviews. Legitimate Australian online casinos are licensed and regulated by gambling authorities such as the Malta Gaming Authority or the UK Gambling Commission and use SSL encryption to protect your data.
Reading reviews from other players can also provide insight into the casino’s reputation.
What are the best payment methods for Australian players?
Australian players have several convenient payment methods to choose from, including credit/debit cards (Visa, MasterCard), e-wallets (PayPal, Neteller, Skrill), bank transfers, and cryptocurrencies (Bitcoin, Ethereum). Choose a method that offers security and ease of use.
Can I play for free at Australian casino sites?
Yes, many online casinos offer the option to play games for free in demo mode. This allows you to try out different games and practice before wagering real money.
What bonuses can I expect at Australian online casinos?
Bonuses vary by casino but often include welcome bonuses (deposit matches and free spins), reload bonuses, cashback offers, and loyalty rewards. Always check the terms and conditions associated with each bonus.
How can I withdraw my online casino winnings?
If you’re ready to cashout your winnings, log in to your casino account and head to the banking or cashier section. Choose your preferred withdrawal method, enter the amount you wish to withdraw, and follow the instructions. The processing time for withdrawals varies depending on the method chosen.
Enjoy Legit Online Casino Gaming in Australia
Online casino gaming in Australia offers a thrilling and convenient way to enjoy your favorite casino games from the comfort of your home. To ensure a safe and enjoyable gaming experience, it’s crucial to choose legitimate online casinos.
Neospin and Skycrown are two excellent examples of top-rated online casinos that cater to Australian players, offering a vast selection of games, attractive promotions, and reliable banking options.
By choosing legit Australian online casinos and playing responsibly, you can enjoy a safe and entertaining gaming experience.
DISCLAIMER: The information on this site is for entertainment purposes only. Online gambling is risky and there’s no guarantee of financial gain.
Needless to say, gambling can be addictive. If you or anyone you know suffers from a gambling addiction problem, call the National Gambling Helpline at 1800 858 858 to speak with a professional who can help. All gambling sites listed are only for people who are 18+. Check your local laws to find out if online gambling is legal in your area.
For free online gambling addiction resources, visit these organizations:
Slots have been a popular game for more than a century, since the earliest days of automation when they were just spinning wheels with playing cards attached to them. Poker fans soon saw the appeal of a mechanical opponent who paid in prizes if you won and the process of automating made them even more popular.
When digital gaming was in its infancy, it became clear that casino games were ideal for conversion to video games. The relative simplicity of a game that relies only on numbers and the rules that cover every eventuality meant that slots could easily be digitised without changing the gameplay at all.
Throughout the history of slots, technology has advanced and slots designers have adopted it almost instantly and this looks set to continue. From automated payouts to thousands of online games, the appeal of slots has created a dynamic market that evolves quickly and adapts to meet players’ needs.
Online slots maintain their appeal by keeping up with trends such as:
Themed Slots
From sport to history, music to mythology, there are so many themed slots available for players to enjoy that anyone can find their perfect game when they play online. Hit TV shows such as Stranger Things, Rick and Morty, and Game of Thrones have all been immortalised in slots, and fans of almost any cultural movement can find a slot aimed at them.
For those who aren’t into popular culture, there are plenty of other slots to try. History buffs can immerse themselves in slots based on Ancient Egypt, Norse Mythology, and the Aztecs, those who love animals can find slots that suit their interests, and even horror fans can get their spines tingling with slots designed to give them a scare.
Mobile gaming
The ubiquity of mobile phones and increasing internet coverage means that mobile gaming has evolved incredibly quickly. When the first Nokias began to include ‘Snake’ as a way to pass the time with your phone, the developers couldn’t possibly have imagined that the global mobile gaming market would be worth billions within a few short decades.
Games are now being designed specifically to be played on mobile devices with features and functions that make them suitable for gaming on-the-go. Players have embraced every new development wholeheartedly to create a market that is diverse and packed with options, giving gamers the option to play from wherever they are, whenever they can.
Mobile gaming also means that players can enjoy online slots with friends, either in person or virtually, as they can join a game whenever the opportunity arises rather than having to be at home on their computer to play. As more games are designed for mobile users, the gameplay can be adapted to make it easier than ever to enjoy slots on the train, on breaks from work, or wherever players happen to be.
Staying Social
Alongside the rise in popularity of online gaming, the sudden explosion of social media has had a massive impact on the way people play online. The ability to ‘meet’ like minded gamers and enjoy the camaraderie of playing together has turned slots into a social phenomenon as well.
Players can join groups based on the games they like to discuss tactics, share tips, and celebrate their big wins. News about promotions and special offers can be spread and players can join forces to make the most of seasonal events and deals.
Cryptocurrencies
When the idea of virtual currencies first entered the mainstream, there was understandable scepticism about how it would work. Technophiles embraced the chance to decentralise the financial systems and enjoy the fruits of their electronic labour, but many traditional industries struggled to see the appeal of crypto.
The world of online gaming, however, was one of the first to embrace the use of cryptocurrencies. Online providers appreciated the potential appeal of an anonymous way to conduct financial transactions without relying on data being held by banks or other financial institutions.
Cryptocurrencies also offer other advantages such as the speed of transfer, which can be many times faster than traditional banking allows. Minimal transaction fees are also a popular reason to use cryptocurrencies, especially for those who want to move money from country to country without losing a large percentage to conversion fees.
Online security
The industry approach to cryptocurrencies may be related to the high standards that the online gaming world has for security and online safety. Regulators the world over have increasingly stringent criteria for providers that are registered with them and players can check the status of any site they want to play on within a few seconds.
As with any organisations that handle a lot of financial transactions, online gaming uses the very latest security technology. Providers are constantly reviewing their systems to ensure that they have robust anti-fraud measures in place, and new developments in online security are adopted swiftly and effectively.
Gambling revenue in New Jersey surged by 10.4% year-on-year to $510.9m (£403.7m/€470.6m) in April, driven by increases in the igaming and sports betting markets. This growth more than offset the decline in the land-based market. Although April’s revenue was comfortably higher than the $462.7m recorded last year, it fell short by 3.0% compared to the $526.6m reported in March.
Land-based casinos, the primary source of gambling revenue in the Garden State, generated $216.8m in April, a 6.3% decrease from $231.5m last year. Revenue from physical slot machines declined by 6.4% to $158.8m, while land-based table games revenue fell by 6.1% to $58.1m.
In contrast, the igaming sector saw significant growth. Revenue from igaming in April reached $187.9m, up 18.2% year-on-year, nearly closing the gap with the long-established land-based segment. Online slot games were the main driver, with revenue increasing by 18.5% to $185.6m, while peer-to-peer poker revenue slipped by 0.5% to $2.3m.
Among individual operators, Golden Nugget jumped to the top spot in New Jersey with igaming revenue of $53.1m, a 27.5% increase from the previous year. Resorts Digital retained second place with $47.5m, up 13.9%, while Borgata, which was top in March, ranked third with $44.1m, a rise of 2.2%.
Sports betting revenue nearly doubled to $106.2m, marking a 46.9% year-on-year increase and a 74.1% rise from $61.0m in March. This surge was supported by a 12.6% increase in handle, reaching $1.044bn in April. Player spend on online sports betting hit $1.01bn, with retail sportsbooks generating $34.7m. The shift in gambling habits is evident as more New Jersey gamblers move online, driving significant growth in igaming and sports betting sectors.
Meadowlands led the New Jersey sports betting market, posting $73.2m in revenue, up 92.2% from 2023. Resorts Digital and partner DraftKings followed with $18.9m in revenue, down 6.6%, while Borgata and BetMGM took third place with $5.2m, a drop of 21.6%.
In the first four months of the year, New Jersey’s total gambling revenue surpassed $2.00bn, reaching $2.06bn. This represents a 14.4% increase compared to the same period last year. Land-based revenue was down by 1.6% at $872.9m, with declines in both slots and table games. However, igaming revenue rose by 21.1% to $750.7m, driven by a 21.5% increase in slots revenue to $741.3m, despite a 3.7% decline in peer-to-peer poker revenue to $9.4m. Sports betting revenue for the four months totaled $434.2m, up 48.6% from $292.3m in 2023, with total player spending reaching $5.17bn.
Few individuals have made as significant an impact in finance and investing as Anders, the renowned day trader behind the brand Anders Trading. Anders has inspired aspiring traders worldwide with a remarkable journey that saw him transform a mere €10,000 to €4,000,000 net worth in just seven years.
Anders’ passion for the financial markets began in 2014 when he analyzed market trends and patterns. By 2019, he had leaped to become a full-time trader, armed with an AP in financial management from a university in Denmark. His desire to escape the traditional 9-5 lifestyle and live on his terms drove him to pursue a career in day trading.
The path to success was challenging. Becoming a professional trader took Anders two years of dedication and sacrifice. However, his perseverance paid off when he discovered the “Smart Money Concept” in 2016. This approach, which involves trading like banks and hedge funds, allowed him to generate significant profits and set him apart from other retail traders.
Today, Anders Trading stands out as a beacon of hope for those looking to succeed in day trading. Anders runs a free day trading group where members can access their personal trades, analysis, and market insights daily and offers a complimentary day trading course. This unique combination of real-time trading experience and comprehensive learning resources ensures aspiring traders have the knowledge and tools they need to thrive in the market.
One of the most remarkable aspects of Anders Trading is the vibrant community Anders has built. With Over 85,000 followers and thousands of individuals copying his trades daily, he has created a platform where people can learn, grow, and earn a second income. The success stories that have emerged from this community are a testament to Anders’ expertise and the effectiveness of his trading strategies, fostering a sense of camaraderie and shared success.
Anders’ impact extends beyond the virtual realm. He has mentored over 150 individuals who have become full-time day traders, demonstrating his commitment to empowering others to achieve financial independence. His journey, rising from a minimum-wage job to becoming a millionaire by 22, inspires those who dream of breaking free from the constraints of traditional employment, making him a mentor who understands the struggles and aspirations of his students.
As Anders Trading continues to grow, Anders remains focused on his mission to help as many people as possible succeed in day trading. He recognizes that the information available on platforms like YouTube and TikTok often needs to provide a comprehensive understanding of the true nature of trading. By sharing his evolved technique, honed over nearly a decade, Anders aims to bridge this knowledge gap and provide aspiring traders with the tools they need to thrive.
Looking to the future, Anders envisions Anders Trading as a global community of successful day traders. With his free-day trading group and the increasing number of individuals following his trades and strategies, he is well on his way to achieving this goal. As more people discover the potential of day trading and the support offered by Anders Trading, the brand is poised for continued growth and success.
It can be both fun and hard to find the right hired apartment manager for your home. Imagine having a professional on board who not only knows how to handle properties but also shares your goal of making a lively and successful community to live in.
The right manager can make all the difference, from being friendly when repair requests come in to making sure your renters are always happy. This guide will show you how to find the right fit for your home so that it becomes more than just a place to live.
Understanding Your Needs
Before you look for an outside apartment manager, you should know what you need as a property owner. Think about the property’s size, position, and any special features it has.
Also, think about what kind of property management you like best: active or passive? These things will help you find a boss who is right for you.
Research Potential Managers
Once you know what you’re looking for, start researching potential outsourced apartment managers. Ask for recommendations from other property owners or industry professionals. Use online directories and review sites to gather a list of candidates.
Thoroughly research each manager’s qualifications, experience, and track record. Watch for red flags like poor reviews or legal issues. Also, consider the types of properties they’ve managed in the past and if they match your property’s needs.
Ask Important Questions
During the selection process, take the time to ask important questions to potential managers. This will help you assess their knowledge, experience, and compatibility with your property. Some essential questions to ask include:
How do you handle tenant complaints and conflicts?
How do you manage maintenance requests promptly?
Can you provide references from current or past clients?
How do you manage rent collection and budgeting?
Schedule In-Person Meetings
Even though it’s important to get information over the phone or email, there’s nothing better than meeting in person. Setting up talks with possible property manager description in person will let you see how professional they are, how well they can communicate, and how they act in general. They will also be able to see your home in person and ask any questions they may have.
Trust Your Instincts
Finally, trust your gut when it comes to picking the right outsourcing certified property manager. Pay close attention to how the boss makes you feel and whether they seem truly interested in the success of your property. Keep in mind that this is going to be a long-term relationship, so it’s important to pick someone you can trust to take good care of your property.
If you are in the Greater Vancouver area, you might want to consider property management company in Burnaby as they are known for their expertise. By partnering with a reputable company, you ensure your property services is in capable hands.
Finding the Perfect Match: The Right Apartment Manager is Out There
Excellent work! After reading this guide and doing a lot of research, you should be able to find the best apartment manager for your building. Remember that the right manager can turn your property into a desirable place to live, making sure that your tenants are happy and the community grows.
To make a good choice, be clear about your wants and desires, ask the right questions, and believe in your gut. There is someone out there who would be a great apartment manager for you.
Does this article help you? Explore our website to find more helpful and fun stories that could help you.
He is a well-known British businessman and philanthropist. He is also the founder of the clothing brand, “International Clothing Designs” (ICD).
He is also known for his philanthropic endeavors and charitable contributions. He has always believed in giving back to the community and making a positive impact on people’s lives.
In this article, we will explore Richard Caring’s philanthropic work and how he is making a difference in the world. Read on to learn more about this generous businessman.
Supporting Healthcare Initiatives
One of the causes closest to Richard Caring’s heart is healthcare. He has made significant contributions to various healthcare initiatives.
In 2006, he donated £1 million towards building the “Caring Cancer Unit” at the Royal Free Hospital in London. The unit provides state-of-the-art cancer treatment and care to patients in need.
He has also been a long-time supporter of the charity “Cure Parkinson’s Trust.” This works towards finding a cure for Parkinson’s disease.
Supporting Education
Richard Caring and Patricia Caring, his wife, are dedicated to improving education opportunities for young people. They have made significant contributions to various educational institutions and programs.
In 2014, they donated £5 million towards building a new campus for the University of Oxford’s Saïd Business School. The Caring Foundation also works closely with “Teach First.” This an organization that aims to address educational inequality in the UK.
The foundation provides financial support and mentorship to teachers in underprivileged areas. This helps to improve the quality of education for disadvantaged students.
Ecological Preservation
Richard Caring is also passionate about preserving the environment. He has made significant contributions to ecological preservation efforts.
In 2018, he donated £1 million towards building a new visitor center at “Kew Gardens” in London. The center showcases the importance of biodiversity and sustainability.
He is also an avid supporter of “The Wildlife Trusts.” This charity works towards protecting wildlife habitats. It promotes sustainable practices for the benefit of both people and nature.
Supporting Arts and Culture
Richard Caring is a strong advocate for arts and culture. He understands their importance in enriching society and fostering creativity.
He has supported numerous cultural institutions and projects. This ensures that art, music, and theatre remain accessible to all.
In 2011, he donated £2 million to the “Royal Academy of Arts.” This is to help sustain their exhibitions and educational programs. He has also contributed to the “National Portrait Gallery” and the “British Museum.”
Disaster Relief Efforts
Richard Caring has also shown unwavering support in times of crisis. His generosity has provided relief to communities affected by natural disasters.
In response to the devastating earthquake in Haiti in 2010, he donated £500,000 towards relief efforts. He also contributed to the “Save the Children” charity’s emergency fund for children affected by the disaster.
Richard Caring: Making the World a Better Place
Richard Caring and his philanthropy have impacted various causes and organizations. He serves as an inspiration for others to give back to their communities.
We hope Richard Caring’s example will continue to inspire more people to support important causes and create a brighter future for all. Let us all strive to follow in his footsteps and make a difference in the world through our charitable contributions. Keep giving back and making the world a better place!
If you enjoyed this article and would like to read more, check out the articles from the rest of our blogs!
By Terence Tse
CFOs are evolving into AI-driven transformation orchestrators, balancing finance, technology, and strategy while upskilling teams, managing risks, and driving measurable business value.
A key insight from this year’s AI for CFOs event, organized...
The World Financial Review uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our Privacy Policy and Terms and Conditions. By clicking on the accept button and using this Site, you consent to our Privacy Policy and Terms and Conditions. ACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.