Though it may sound ambiguous, the truth is that technology is like a gun. You can use it for self-defence or for the destruction of the masses. Having said that, we mean, the way you use technology makes a huge difference to your own life. Hence, it is unfortunate but true that malware activities have been strong in the recent past throughout the world. The latest incarnation in this sector is ransomware that affected millions of businesses all over the world.
Digital assets may mean all those tangible and intangible assets the value of which may not necessarily be accounted for money. Having said that, we mean, digital assets fairly include stuff that does not carry any tangible value other than the sentiments and awareness. For instance, the portfolio of your digital assets may include the family medical history, details about the trusts and estate planning, family photographs and audio/video clips, legal documents, and financial documents to name a few. Therefore, the scope of work here is huge.
Winds of change have come forward with the internet revolution across the globe. As a matter of fact, channels of connectivity have taken a refuge to the virtual space. So has been the need for every documentation be it the federal government or the private. Having said that, we mean, the need for cyber security has come a long way bespoke to the needs of the people and the industries alike. For instance, look at the banking sector or the tax return submission with the federal government, everywhere digitization has taken a solid footprint. The recent ransomware attack in the major parts of the world and the damages therein are a glaring example here.
Your legacy is precious and unique too. Having said that, we mean, your legacy isn’t just a gift of valuables and the personal property that you want to pass to your legal heirs. It’s much more than that. You realize this better when you reach a stage of preserving legacy. Your legacy can be manifold such as the audio/videos files and images of family gathering alongside the property and the financial assets and the health data. The scope of legacy preservation is thus huge befitting the number of assets that you want to leave for the heirs to relish many years down the line from now.
With the fast paced digitization and internet application in every walk of life such as the home security system and others, your legacy protection has come to the forefront. However, legacy doesn’t necessarily mean valuables such as the financial documents, it can be as simple as your identity, family story, and your memoirs. All those become priceless to your descendants when you are no more. As a matter of fact, a lot of efforts is going on to protect your privacy in today’s time. Customer Authentication under PSD2 can be seen as an outcome of that endeavour.
With the ever increasing pace of life and the need for digitization, it becomes imperative for you to secure your digital documents. Having said that, we mean, today, preserving legacy is no ordinary affair. It demands a cyber security with the help of the partners like LegacyArmour in the US. In other words, storing financial documents online and the threats therein have become eminent. Thus, legacy transfer to the heirs has been at the top of the agenda.
Today, people cannot think of life without internet and the mobile phone. Having said that, we mean, people are increasing feeling the urge of staying connected round the clock and 365 days a year. The reason behind this urge can be attributed to personal and the business interests. However, the gist is that digitization has been deeply rooted to everyday living. Internet revolution has fast paced the digitization process.
Irrespective of the financial condition, every person has a legacy to leave for his/her children. Having said that, we mean your legacy doesn’t necessarily mean your fortune alone. Stuff like family photographs, video/audio clips, and others too are the legacy that you can leave for your children. Those are simply priceless when you are no more in the proximity of your near and dear ones! They will remember and recapitulate those joyous moments and years that they spent with you.
At the outset, it becomes imperative to understand why you should protect your legacy. Knowledge is power to you. Therefore, the very first step here would be to know some bare facts on the legacy of the people of US, one of the most advanced countries in the world!
This may sound surprising but true that around 45% Americans fail to protect their legacy while two out three people in the US don’t make a living will. We believe, those two figures are the real eye-opener for you. In other words, there is no scope for the second thought that you must secure your family legacy with an expert in the US.
Of late, you may have been searching for an answer to secure the legacy of your loved ones. In fact, you are not alone here searching for the answer to the menace of data theft online thereby swindling inheritance from your near and dear ones. According to an estimate, 45% of the US citizens are exposed to the vulnerability of data and identity thefts.