The Hawala System Is Based on Trust

question 21

True/False

The hawala system is based on trust.

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Definitions:

Shadow IT

Shadow IT refers to IT systems and solutions built and used inside organizations without explicit organizational approval.

Insourcing

The practice of performing a business function internally rather than outsourcing it to an external provider or company.

Reverse Outsourcing

The practice where jobs or tasks are brought back in-house from an external service provider, often to regain control or reduce costs.

Nearshoring

The practice of transferring a business operation to a nearby country, often to reduce costs and improve collaboration due to geographical proximity.