Much water has flowed under the bridge since the launch of cryptocurrency. It is palpably the New Age currency with an improved security feature. But, the crux is that cryptocurrency has now been the hot target of hackers and robbers worldwide. Even in the US, many people have suffered due to the explicit crypto wealth that they disclosed knowingly or unknowingly. Having said that, we mean, the disclosure of your crypto assets can potentially put you in trouble. Cases like abduction for ransom and cryptocurrency robbery at gunpoint have been reported. Therefore, the real challenge now is to safeguard the cryptocurrency wallet.
Cybersecurity is a matter of grave concern in the present era. It has gained a substantial attention and investments both from the private and government sectors, especially in view of the languishing pains they have been subjected to in the recent times. Ransomware attacks, for instance, took away the happiness of the cybersecurity experts all over the world including some of the most advanced countries in the world such as the US and the UK. Having said that, we mean cyber protection is a matter of common concern to all. Therefore, the challenge ahead is twofold to all businesses that have an online presence namely protecting legacy and minimizing the loss in the event of a security breach.
Cybersecurity breaches have become one of the most predictable parts of every business. Almost every year, many companies are losing hundreds of billions which is more than the amount spends on recovering from hurricanes. In addition to that when the information like social security numbers and other sensitive data are stolen and it breaks into digital systems.
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.
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.
Concerns about cybersecurity have come to the forefront like never before in view of the growing threat perceptions all over the world. Having said that, we mean, more and more security lapses causing damages worth millions worldwide have stirred the industries that have pushed for digitization. However, the need for digitization is no more a fantasy. It is indeed the need of the hour with a view to dealing with millions of data in a systematic and foolproof way. Despite all that cyber protection, hackers worldwide have been working day-and-night causing damages even to the most pruned and secure data centers. The increased attacks of WannaCry ransomware, for instance, is a glaring example here.