The food commodities industry is not immune to the volatility of global markets; however, the new era of digital threats also impacts this sector. Online trading platforms are increasingly facing security risks that challenge traditional systems and demand robust countermeasures. Understanding these threats and being able to respond effectively allows companies to maintain the integrity of their business while strengthening their leadership position in the industry.
Key Security Risks and Fraudulent Practices
Phishing attacks:
Accounting for up to 80% of all security incidents, phishing involves sending more than 3.4 billion fraudulent emails every day, often created with the help of AI to bypass detection. Financial services are among the most frequent targets.
AI-generated fraud and deepfakes:
Artificial intelligence is exploited to create highly convincing fake communications. Deepfakes can deceive users into handing over funds or sensitive data.
Fake accounts and identity manipulation:
Fraudsters use fake profiles to lure victims into scams. Combined with botnets and AI, these attacks gain wider reach and efficiency.
Ransomware and data breaches:
Trading platforms face more than a thousand ransomware attacks per month. These lead to massive data leaks and financial theft, with cryptocurrency-related sectors being particularly vulnerable.
Broader Impacts and Economic Consequences
Financial losses:
Direct financial damages arise from stolen assets or compromised trading positions. In the U.S., consumer fraud losses reached $12.5 billion in 2024.
Data leaks and privacy concerns:
Stolen credentials enable unauthorized transactions and result in severe violations of personal data protection.
Reputation damage:
Cyberattacks undermine corporate reputations, often leading to stock market repercussions and an erosion of trust across the industry.
How Rootie.eu Protects Its Users
The Rootie.eu platform recognizes the seriousness of cyber threats and has implemented a multi-level security system designed to minimize the risk of fraudulent registrations and unauthorized activity. The registration process is carried out in four distinct steps:
- 1. Email verification – before creating an account, the user must confirm access to their email address. A verification link is sent, which must be clicked to continue.
- 2. Geolocation verification – the system checks whether the user is physically located in the country indicated during registration. IP addresses and geolocation data are automatically compared to the profile. If they do not match, registration is blocked.
- 3. Verification via public databases – the company provided by the user is verified against official registers and other relevant databases (ORSR, FinStat, VIES, Dun & Bradstreet, etc.).
- 4. Manual approval – the final step involves review and confirmation by an authorized Rootie team member, ensuring that the registration is legitimate and trustworthy.
This layered approach delivers a high level of security and significantly reduces the risk of fake accounts or fraudulent entities. Thanks to this system, Rootie.eu provides its users with a trading environment that is not only technologically advanced but also secure and transparent.