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. Continue reading “Store Your Cryptocurrency With LegacyArmour Vaults”
Cyber extortion is not limited to money extortion alone. Cyber extortion can be executed by many different threat actors using different methods. This results in an impasse that continues till you pay money to the hacker using some of the following areas:
- Hacking of social media accounts
- Security breach of your PC and data theft
- Making data public on the open platforms
- Complete seizure of your PC and shut down it
- Data erasing
Hackers commoditize the revenue from such illegal actions to convert it into a hard to track legal revenue stream which is regarded as their primary source income; a legitimized profession!
Therefore, it is critical to start securing your digital assets and your business’s legacy. But, Where do you start? The cyber world is full of advice from online experts and it can be even more confusing. Going back to the basics, a business owner may follow best practices used by security companies such as LegacyArmour.
What you can do:
- Risk analyses: Unless you know where your business stands today in terms of its preparedness against the cyber threats, you will never be able to adopt the correct measure here. Therefore, analyses like this must continue without a break. CryptoLocker, for instance, is a type of cyber extortion malware and it is evolving.
- Data backup: Take a three-step data backup daily with a view to arresting the data loss and secure it with the encrypted e-vaults.
- Training and development: Your business is run by the people. In other words, one of the most critical elements of your business is people and they must be trained and abreast enough to safeguard your business. Interestingly, a single lapse at any stage of the data protection process jeopardizes the entire system involving millions of data worldwide.
- Limit setting: Limiting your social footprints and your administrative capabilities for systems potentially safeguards you against cyber extortion threats. You should know that hackers create forged social accounts and if they can break anyone’s social account within your network, they could seize your account as well.
- Keep patching: Always keep patching up your software and customize things bespoke to your need here.
- Cyber insurance cover: Go for a security company that has an active cyber insurance cover. This doubly ensures your happiness in business.
Recent push on digitization has made services with encrypted e-vaults and auto delivery of digital assets to the designated recipients critical to the survival of the business. LegacyArmour; a Top 10 InsurTech US company is a great platform to secure your digital assets and your business legacy. By following the best practices above and be securing your information, you have made it more difficult for cyber extortionists worldwide to have access to your most valuable information.
Yet again another ransomware strike similar to that of WannaCry blew off the system security lids in Russia and the Eastern Europe on October 24, 2017. However, the extent of spread and the damage are yet to be known fully. Having said that, we mean, the bad guys are again in the business and this time dubbed as “Bad Rabbit Ransomware”. Modus operandi is the same like before. The ransomware encrypts all files on your PC and then, the culprits behind the scene demand money from you for the decryption password. All these puts together reiterate the need for a solid protection mechanism like the Legacyarmour safe deposit box with a view to protecting the digital assets and the legacy. Continue reading “Tips To Protect Your Business From Bad Rabbit Ransomware”
Social media doesn’t need any introduction today. The worldwide social media users are growing phenomenally over the years. According to a study, by the year 2021, the worldwide social media users will reach the magical figure of 3.02 billion. That’s a pretty huge growth considering the number of social media users back in 2010 at 0.97 billion only. Another study shows that the leading social media players are Facebook (market leader) that is followed by Twitter, LinkedIn, Google+, YouTube, Pinterest, and Instagram to name a few. Continue reading “New Social Media Bugs Demonstrating More Social Media Risk”
What Are Digital Assets? and What Do They Have to Do With My Legacy?
Digital assets such as family photos, legal documents, website and social media access and special video/ message instructions have a high sentimental and consequently monetary value to the information owner. The monetary value is a result of one simple question: “What would you be willing to pay to recover all of your family memories. private information if you lost it or if your loved ones could not access that information?”
In 2013, McAfee estimated the value of digital assets per person at roughly $35,000 worldwide. Failure to properly manage digital assets could result in a financial loss to individuals and small business owners especially when he/she try to sell an asset such as real estate or company to create retirement income. Additionally, some digital assets could remain the property of the retiree and may even provide a continuing source of income throughout retirement.
One of the most important considerations in planning for digital assets is the legal right of the owner to transfer the property. In some cases, the digital service provider (e.g. Google & Yahoo!) will allow the individual to sell his or her digital website, domain name, etc., to another person. However, in other cases, these assets are specifically deemed non-transferable for any reason by a third-party service agreement. These legal details should be reviewed before setting up a webpage or creating any digital asset that might later be transferred. If one online service provider does not allow the transferability rights your client desires, identify a company that does.
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. Continue reading “The Industries At Risk After The Latest Cyber Attacks”
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. Continue reading “How To Safeguard Your Valued Digital Assets”
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. Continue reading “LegacyArmour Attended Channelnomics Conference Security, Chicago”
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. Continue reading “Protect The legacy Of Your Loved Ones By Legacy Armour”
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.