How does electronic piracy affect online trading?

How does electronic piracy affect online trading  is a very important question that comes to the minds of many web pioneers. Especially traders, including investment owners and stock market followers, whether they are companies or individuals. Where they are looking for an adequate answer; Provide them with ways to prevent electronic hacking attempts; To avoid any financial losses or loss of personal files and data such as important account numbers and passwords, which form the basis of electronic work, whether in trading or other businesses. Especially with the increase in online hacking by professional hackers. It is not just an absurd and fleeting experiment or joke, but rather a systematic and modern digital plan that carries with it dangerous effects on electronic work. It also leads to catastrophes and huge losses if it is not confronted or avoided from the beginning. But how to do that? This is what we will learn about through the lines of our article on the Ramoq website, through which we will answer the effects of electronic piracy on trading and what each of them is. As well as how to avoid falling into the traps of hackers and their devious plans.

Concept of electronic piracy

Hacking is the organized process of accessing and hacking computers across the web by professional hackers. This is due to the fact that most computers in various parts of the world are connected directly to the Internet, or through some internal networks that include more than one computer connected to each other. The hacking process requires extensive experience in the hacking mechanism, and good knowledge of computer systems and their applications. As well as sufficient knowledge of programming languages ​​and the details that revolve around them. This is in order to complete the hacking steps of the target computer and move through it to the computers connected to it via the network. This also requires tactics and skill found only in people specialized in computer programs and applications and with a high level of knowledge and training in programming science.

In addition, electronic penetration is considered; A real problem for website owners and electronic companies. Especially those working in the fields of e-commerce, banking, and currency and commodity trading. This is due to the impact of electronic piracy on online trading and other transactions via the web. Including the exposure of corporate and individual information to theft, loss, and physical and digital extortion by hackers. This is a very dangerous matter, whether for individuals, companies, or even government institutions. Which is often not spared from hacking attempts and targeting of its confidential official data.

What is online trading

Online trading is an electronic process based on the exchange of financial services and products. Including buying and selling of various stocks, bonds, commodities, futures and other investment instruments. This is widespread dealing with electronic trading in the present time; As a result of its great speed in conducting and completing cash transactions and following up on price changes via the Internet from behind the screens of computers or smart mobile devices.

In the context of this, many electronic trading platforms emerged, which competed with each other to provide the best services and features to traders with full credibility and guarantee for their diversified investments. In the midst of this, the owners of these platforms, as well as the investors, had to be careful to avoid any attempts to hack their confidential information. In order to avoid the effects of electronic piracy on the digital trading of their transactions, while not exposing them to large losses in the money market and stock exchange . as well.

How does electronic piracy affect online trading?

Electronic piracy affects online trading by violating the property rights of cryptocurrency trading platforms. or financial products, which has several negative effects, as follows:

• Penetrating confidential information and data of trading companies and using them in an abusive manner within the stock market.
• Theft of traders' personal data and account numbers of their financial balances, and exposure to extortion because of it.
• Displaying hacked products in the market for free, or at low prices, and losing the opportunity for profit to the owner, who is the real producer.
• The legal sales market is affected by a defect and reliance on crooked sales methods, which causes a slowdown in market movement and trading as well.
• Customers' lack of confidence in the products offered and their original source.
• Reducing trading revenues for individuals and companies significantly.
• Decreased customer confidence in dealing again with trading companies that have been subjected to electronic piracy, and fear of breaching their data in the event of any trading transaction with them.

  How does electronic piracy affect the online economy?

  Electronic piracy affects the movement of the economy in general negatively, no less than its impact on online trading. This is through the following:

  • Low rate of profits for individuals and digital companies that depend on investments and electronic trading.
  • Many employees working in hacked companies lost their job opportunities; as a result of being exposed to catastrophic financial losses due to electronic piracy.
  • Distraction in the economic movement through the Internet due to hacking the most important information of a leading company. Especially in the world of investment and trading, which leads to chaos in the movement of stocks and the stock market and instability.
  • The massive loss of money annually due to deliberate and hidden hacker movements that have a negative impact on the economy in general.

  Types of electronic piracy

  The types of electronic piracy of computer systems and their various programs are as follows:

  • Counterfeiting of electronic products and services: This type of electronic piracy includes copying and illegal selling of any material or program. who has the property and copyright rights; In order to imitate it and give fake copies of it and put it on the market in the name of the original producing company.
  • Digital piracy via the Internet: Hackers in this type of electronic piracy target; All websites that offer free software download feature to users. As well as electronic trading sites and auction sites spread across the Internet.
  • Password hacking: Hackers in this type attempt to obtain the user's personal credentials. This is done through a special program that memorizes the user's name and password, thus hacking it, stealing personal data, and spying on the user's electronic activity.
  • Pirated hard drive: Piracy is done here by modern computer companies selling an illegal copy of their software loaded on hard drives. As a result, it is transmitted to the user's device and penetrates his personal data.

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  How to avoid the impact of electronic piracy on trading

  There are several preventive measures to avoid the impact of electronic piracy on online trading, as follows:

  • Use of virus and hacker protection software.
  • Do not access suspicious websites on the Internet.
  • Also, do not open any message or file sent from unknown sources, especially by e-mail.
  • Beware of popular backups on the web.
  • Set strong passwords for personal accounts and change them frequently.
  • As well as examining software products and ensuring their authenticity and service policy.
  • Checking the licenses of electronic trading companies to ensure working and investing with them.
  • Keep a copy of the paid receipts and write down the number of each receipt.
  • Ensure the security and reliability of Internet connections used at all times.
  • Full and prior knowledge of the terms of any trading transaction or others, and agreement on work principles, profits, and amounts due and refunds. Also security and shipping costs.