Educational Technology (EdTech) is a helping hand in providing educational opportunities worldwide. Nowadays, students can simply sign up over different applications and learning management systems to attend their classes. Meanwhile, technology has enhanced learning as well as teaching processes and taken them to new extents.
The main focus on digital systems for teaching and learning has been moved in the past few years of COVID-19. Although the pandemic is over now, the online educational system is still active for its convenience and utmost success. There are various online platforms that are responsible for the quality education and growth of students and professional teachers. However, it is very important to consider several factors that pose serious challenges for online education platforms and systems.
What are Edtech Platforms? – A Brief Introduction
EdTech platforms are different online or digital literacy channels that work to enhance learning and teaching. These platforms may involve different mobile applications, online web portals, LMS portals, or online recorded lectures in different video-presenting platforms. Many institutions in the world are using online portals for distance education. Students nowadays are admitted to many universities virtually and attend classes online. Although online teaching learning experiences are no less than a revolution in terms of literacy and qualification they also pose various threats to educational institutions.
What Challenges Do Online Educational Platforms Face?
For quality education and desired outcomes, such as the use of students, and the spread of education worldwide, it is very important to ensure the security of online education-providing platforms. Fraudsters bypass securities and reach out to EdTech for their illicit activities such as data breach and transactional loss. EdTech platforms often face the following challenges which affect the overall goal and quality of educational services.
Identity Fraud
EdTech platforms often undergo identity fraud where some bad actors utilize stolen credentials and documents to reach out to online platforms. They create fake student IDs and try to bypass securities for getting access to premium content which they later sell for financial gain.
Payment Fraud
Many companies interact with online education providing sectors as third parties and providing them to students. They often obtain advance payments from educational portals and disappear. Hence, Edtech platforms undergo heavy financial loss. Additionally, it is very important to utilize secure payment gateways for transactional security. Technology platforms often fall prey to stolen credit cards and chargeback scams which become the reason for financial loss and increased fees of the online platform.
Vendor and Partner Fraud
Sometimes EdTech platforms collaborate with unverified entities for obtaining services reading payment gateways and website management. Sometimes, online educational platforms become partners with such entities who are significant participants in illicit activities and they make them victims of legal and financial complications.
What are the different Solutions for EdTech Platform Security?
EdTech platforms must utilize significant measures for enhanced security from fraudster attacks and criminal tactics. There are the following services which can help EdTech platforms to secure their landscape from fraud attacks:
ID Verification
There are different identity verification services that are necessary to utilize online education-providing platforms. ID verification is a necessary step to evaluate the legitimacy and authenticity of every individual who is going to become a part of particular EdTech platforms.
Vendor Verification
Vendor verification ensures the transparency of third parties from where online educational platforms obtain certain services. It can be IT companies, third-party payment gateways, and other necessary services. Third-party vendor verification is necessary to secure edTech from fraud attacks.
Business Verification
Business verification services such as Know Your Business (KYB) play a vital role in managing the security and credibility of EdTech platforms. This service ensures real-time security from possible fraud from the side of relevant entities and assistant companies. Many Platforms work in collaboration with many institutions and companies that hold groups of students. Hence, it is very important to utilize a corporate verification service for real-time security from data breaches and other complications.
Role of Know Your Business (KYB) Service in EdTech Platforms Security
Business verification technology plays a vital role in helping the EdTech platforms regarding fraud prevention and trustworthiness. It helps to verify the authenticity of partners, vendors, and third parties before giving them access to the platforms.
EdTech platforms often collaborate with various other entities such as training providers and certification authorities. It is very important to verify all of them for a secure teaching and learning landscape. Hence, Know Your Business is the best service to utilize.
Final Words
The EdTech platforms play a vital role in enhancing teaching and learning experience as it provides students an opportunity to enjoy education benefits from anywhere in the world. However , it is necessary to secure these platforms from fake entities and Know Your Business is the best service in this regard. It secures Edtech platforms from collaborating with fraudsters, high risk third parties and suspicious service providing organizations.
