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Cybersecurity

Why You Should Invest in a Cyber Security Expert

Why You Should Invest in a Cyber Security Expert, Cybersecurity is an increasingly important concern in today’s technology-driven age.

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Cyber Security Expert

Cybersecurity is an increasingly important concern in today’s technology-driven age. Everyone has some information stored online that could easily be stolen if the right precautions are not taken. what people do to make sure that you’re safe from any would-be digital thieves? Invest in a cybersecurity expert, of course!

1. What Is At Risk If You Don’t Have a Cyber Security Expert

Risks are something that should never be taken lightly. Sure, there are calculated risks where you risk a small amount to gain much more. But refusing to invest in a data security expert is not a calculated risk. It’s a heavy risk that puts you, your clients, and your business at risk ruined.

2. You’re at Risk

With nearly everyone being on the internet nowadays, what you do online might not be much of a secret at all if you don’t invest in good cybersecurity. The things you do online like banking could easily see your credit card numbers stolen and sold on the black market on the dark web. You might just one day find out that your retirement fund is just gone. But why stop there?

Everything from your name, address, friends, and family could also be lifted off of the internet and used in some sort of scam or theft. Your very identity could be stolen by individuals that want to use your reputable identity as a cover for various scams and theft.

3. Your Clients are at Risk

It isn’t just you who’s life is at stake when you don’t have a cybersecurity expert. Your clients, which entrust their personal and banking data to you, will also get caught in the crosshairs of any would-be digital thief. Remember our example about your credit card numbers getting stolen? Now imagine having someone break into your company database and stealing every single one of your customer’s credit card data.

one thing that could happen is that your customer’s personal information is publicly displayed for the world to see. Just like what happened in 2015 when hackers broke into Ashley Madison’s databases and publicly displayed over 70 gigabytes of confidential information online. This was made up of the real names, credit card details, and addresses of users and also corporate email accounts.

4. Your Business Is At Risk

Just like your own identity, your business is also at risk of major losses should you not invest in good data security experts or teams. We’re going to use Ashley Madison again as an example here. The parent company of the site had to pay over 11 million dollars to settle a class-action lawsuit amounting to 576 million dollars. Any small company or business would be driven into the ground if they had to pay this amount to settle a lawsuit. The worst part is those small businesses have the biggest targets painted on their backs because they tend to have weak security systems protecting their data.

5. What Do Cyber Security Experts Offer You?

With all these risks hounding you at every turn, you’d be a fool not to have a cybersecurity expert watching your back. You might be wondering how they can stop something like a group of hackers wanting to break into your database. The answer is simple, they have the best knowledge to handle problems, they can easily create plans, and they’ll know exactly what your business needs to protect itself.

6. Up to Date Knowledge

Arguably the most important part of being a cybersecurity expert, having up to date knowledge, gives them the edge over most cyber thieves and hackers. Your experts can even “hack” your system themselves to find any weak links in your cybersecurity net.

Up to date, knowledge is what separates a cybersecurity amateur from an expert. Sure, the amateur might be able to do basic tasks like setting up firewalls and encrypting passwords. However, a cybersecurity expert will have intimate knowledge of what methods are needed to protect your system against specific attacks.

7. Planning For The Future

Remember that you’ll never know when an attack will happen. This is an especially big problem if the hackers are experts themselves. You won’t even know that a cyberattack has hit you until it’s far too late. However, with a cybersecurity expert at the helm, you’re guaranteed to have an array of several contingency plans to safeguard your data. They’ll know exactly what your business needs to keep greedy hands out of your databases.

8. Updated Software

Alongside up to date knowledge, you can expect that a cybersecurity expert will bring along his assortment of tools and software with him. This includes everything from impossibly difficult to break firewall systems to hashing systems that prevent passwords from being easily read. They’ll also keep your defense system up to date to protect you from any new forms of online attacks that might come out.

9. Final Thoughts

The stakes are incredibly high whenever you decide to have an online connection in your business. Especially with many cyber thieves looking for their next big score. You might be their next target, and you’ll never know about it until it’s too late. A great way to get the best data security expert is to either look for one yourself or have a staffing agency get the best talent for you. But just remember that you know you’re in good hands when you have a cybersecurity expert keeping an eye out for you.

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Cryptocurrency

Should Your Business Accept Cryptocurrency Payments?

Cryptocurrency users have grown in number in recent years, and so has the variety of cryptocurrencies they are adopting.

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Ethereum Cryptocurrency

The payment options you accept in your physical or online store can be important in convincing your would-be customers to complete their transactions with you. If a customer cannot find their preferred payment option in your store’s list of accepted payments, they might not push through with their purchase and look for a business that aligns with their preferences.

Losing business in this way can be devastating for an establishment trying to set itself up for success in the digital age. As such, businesses should carefully consider whether or not to accept payments in the form of cryptocurrency. Cryptocurrency users have grown in number in recent years, and so has the variety of cryptocurrencies they are adopting.

Would it be a good idea to add this mode of exchange to your establishment’s list of accepted payment methods? In most cases, the answer is yes—especially if you’re eager to enjoy the following benefits and prepared to deal with the complications that come with it.

1. The Pros and Cons of Transacting in Cryptocurrencies

Having a Bitcoin, Ethereum, or Moreno wallet for receiving cryptocurrency payments from your customers can provide you with the following advantages:

2. Access a Wider Range of Customers

Once you start accepting cryptocurrencies in your digital or physical store, you make it easier for techie customers to purchase your products or services. Your market will not be limited to people who pay in cash or credit, as it will also include a portion of the people who have invested in cryptocurrencies in the past few years.

You’ll also be able to accept payment from anyone from anywhere, given that you can live up to your side of the bargain by delivering your goods or providing your services to the place where the customer indicated.

3. Ability to Provide Better Customer Experiences

Privacy is becoming rarer these days, and many customers would like to use their assets without compromising their data or being subject to scrutiny. Using cryptocurrency, your business is catering to their needs without risking their personal details. The same can be said for your business, as the protection offered by transacting in cryptocurrencies goes both ways.

4. Conduct Business with Lower Transaction Fees

One of the main draws of accepting cryptocurrency is a lack of a central system to regulate the flow of coins and tokens. This allows individuals and organizations that transact in cryptocurrency to choose an intermediary that can offer them the most favorable transaction fees.

Cryptocurrencies Bitcoin

Instead of paying 2 to 4% of each transaction to a credit card company or an intermediary, a business can cut down that cost or even eliminate it entirely. Also, there’s no need to wait for payments to clear foreign banks when transacting with crypto, even if the person paying you is based in another country.

At the same time, accepting cryptocurrencies also opens up your establishment to the following risks:

5. High Level of Price Volatility

It’s a well-known fact that cryptocurrencies are quite volatile. The price of the coin you use, BTC, ETH, or XMR, can change dramatically in a day. This, in turn, will affect how you will translate the value of your cryptocurrency assets and include them in your financial records.

You need to be able to quickly and regularly exchange the crypto coins in your wallet for digital or physical cash to protect your business from the drastic changes that the cryptocurrency market often goes through.

6. Technical Barriers and Upkeep

Cryptocurrencies are still developing and will continue to change to reflect the communities that support them. It’s a must to familiarize yourself with the current technologies behind this asset.

Still, you also have to keep an eye out for up-and-coming developments that can impact the coin you support and the community behind it. You need to be prepared for the changes this asset will continue to go through if you want to use it effectively for your business.

7. Regulatory Uncertainties

Cryptocurrencies offer a fairly new way of trading, as the first cryptocurrency was only released in 2009. Laws can be pretty slow in keeping up with technology, and digital coins and tokens can sometimes exist in regulatory limbo.

This can mean that, in many places, the people and organizations that use cryptocurrencies cannot expect the same level of protection afforded to consumers who use more traditional means of trade and exchange, such as fiat money and credit cards. It can also be difficult to determine how cryptocurrency assets should be declared in forms and regulatory reports.

There are many benefits when catering to customers who wish to conduct their business using digital coins. Accepting payments in the form of cryptocurrency as early as now can boost your establishment’s reputation among progressive-minded customers who see the role that crypto coins and tokens will play in the future.

Also, being a part of the cryptocurrency community early on will enable your business to easily adapt to future technologies that may develop from such a dynamic environment.

However, it’s important to consider whether your business is prepared to face the possible complications of going this route. Only by being fully aware of these risks and possibilities can you maximize the opportunities that cryptocurrencies present to your establishment.

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