These are 8 important points on how you can create a successful fundraising project, or ...Read More
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The Internet is one of the most insecure places. This is as a result of many reasons, some of which are legacy systems, poor design of websites, and intruders such as hackers and script kiddies. Below are some of the security challenges in crowdfunding
1. Fraud: The most common example of this is some false platforms and collecting money for counterfeit and nonexistent companies. Using open platforms like Facebook, Linkedin, and other social media can be very prone to fraud because many users of these platforms are ignorant, and some are really new to using online resources.
2. Money Laundering: crowdfunding platforms carry the risks of money laundering although this can be reduced through electronic payment systems this can be done by setting limits to the amount to be received at a given period of time, a set period between collections and fund usage, and also applying anti-money laundering. At AmtelWebFunding, we verify all fundraising before committing to helping them raise funds on our platform.
3. Intellectual Property Theft: This is the theft of material that is copyrighted, your fundraising idea can be stolen from a crowdfunding site if not properly guided and that is why we recommend AMTELWEBFUNDING
4. Overfunding/underfunding: overfunding is of great advantage while underfunding a campaign or project is a great minus to the campaign or project manager. The essence of crowdfunding is to seek support online to facilitate a genuine cause and when the required/target amount is not measured up, it becomes an issue.
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