News

Instagram Fights Cybercrime With New Security Checkup Feature

Security Checkup is a new Instagram feature that helps users recover accounts which may have been compromised.

Published

3 years ago

July 21, 2021

instagram fights cybercrime with new security checkup feature

From politicians to small business owners to regular users, it’s no secret that Instagrammers from all walks of life are being targeted by cybercriminals. Now, Instagram is finally doing something to increase the security of its users.

On its official blog, the social media giant (Instagram is the fifth largest social network in the world when ranked by the number of active users) has recently announced the launch of a new feature called Security Checkup.

instagram security checkup 1

The purpose of Security Checkup is to guide Instagram users whose accounts may have been hacked through the steps needed to secure them.

“This includes checking login activity, reviewing profile information, confirming the accounts that share login information and updating account recovery contact information such as phone number or email,” explains Instagram.

instagram security checkup 2

Of course, an ounce of prevention is worth a pound of cure, which is why Instagram recommends its users to enable two-factor authentication and login request, update their contact information, and report contact and accounts they find questionable.

instagram security checkup 3

Instagram stressed that it never sends direct messages to users. Instead, the social network communicates with its large userbase only via email, and users can see all emails from Instagram in the Emails from Instagram tab in the settings menu.

instagram security checkup 4

Likewise, users should exercise caution when messaging with people they don’t know well, even if their accounts have been verified. “Over the past few months, we’ve seen a rise in malicious accounts DMing people to try and access sensitive information like account passwords,” Instagram clarified.

Also Read: 4 Upcoming WhatsApp Updates You’re Going To Love

While the Security Checkup feature isn’t the solution some users have been hoping for, there’s no doubt that it’s a step in the right direction. Hopefully, Instagram will maintain its focus on cybersecurity and keep increasing the security of its users, helping them defend themselves against cybercriminals.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

2 days ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.