Though cryptocurrency is an encrypted digital currency and it is distributed on the blockchain, the concern for a security breach cannot be ruled out here. Having said that, we mean, there are two critical components in the use of cryptocurrency that you must not overlook namely the security of your access credentials and the devices that you use to access the cryptocurrency wallet. In other words, security of your wallet is a shared responsibility involving you and your security service provider. However, companies like LegacyArmour have developed encrypted e-vaults that protect your currency wallet with a hundred percent infallibility.
For the past few years, cybersecurity industry has been experiencing a rapid increase in cyber crimes and this not only has affected the business but your daily life as well. If we analyze the figures and facts of cybercrime and cybersecurity, we will see that cyber crime possess the ability to cripple your legacy by damaging your business overnight. So before you start securing your personal details and business transactions as digital assets with Legacyarmour to avoid unclaimed benefits and to plan your succession strategically, take a look at how cybercrime can create havoc influence the economy in the next 5 years.
With the growing need for online safety in the face of the malware attacks, you will find advice from all and sundry. But, listening from the horse’s mouth always pays. Having said that, we mean, it is the real world and thus, experts advising on how to secure your life, estate, or life insurance must be genuine. That’s where companies like LegacyArmour have carved a niche. This is no jargon. You too would agree when you talk to the people there. Sahar M. Ismail, for instance, is the CEO of LegacyArmour. She has more two decades of hands-on experience and expertise in cyber protection while managed clients’ assets worth billions.
The cyber threat is going all-time high especially with the big-ticket losses like Equifax. Unfortunate but true that malware like wanna cry and ransomware has been succinctly active causing damages worth billions all over the world. Interestingly, some of the most advanced countries in the world such as the US, France, and the UK were the worst hit. It is worth mentioning here that according to an estimate, US companies are below par with the European Union’s GDPR (General Data Protection Regulation).
With the growing malware attacks, the cybersecurity awareness and prevention are top on agenda in every country around the world. However, developed countries like USA have taken the lead here. It may be surprising but true that malware has attacked the developed countries more in view of the most digitization that has taken place there. As a matter of fact, the cybersecurity industry as a whole has felt the urge for more and more InsurTech businesses than ever before. It is a moment of pride to announce here that the company LegacyArmour has surely taken a giant step in that direction. Recently, the company has won the Top 10 Insutech 2017 award.
Though it may sound like a sarcasm in the first place, the reality is that the challenge to protect your legacy will be increasing day by day. Having said that, we mean, it is the human brain that’s developing programs aimed at hacking the existing cybersecurity systems. If you go by Darwin’s theory of evolution, the average IQ of the people is increasing in every generation. In other words, it means the challenge for digital asset management will be tough with each passing year.