Many people used to think of digital assets as only images and videos, but they’ve begun to include other digital files as time passed. Online presentations, papers, and spreadsheets are now considered part of this definition. Furthermore, online investments such as stocks, cryptocurrency, and non-fungible tokens (NFTs) are also included. And while the existence and rising value of these online investments and assets are attractive to business-minded people, it has also attracted another crowd: cybercriminals.
Cybercrime is known as using a computer to promote criminal purposes such as stealing identities, intellectual property, or invading privacy. As the internet became vital to businesses, entertainment, and government, cybercrime has risen, mainly via the internet. When investing online, it’s good to have extra measures for money protection and safety as these digital thieves are crafty and innovative.
To help you protect your digital assets and investments, here are four ways to help you keep them safe:
1. Keep Them In A Secure Wallet
One of the most talked-about online investments nowadays is Bitcoin, an innovative decentralized payment method on the internet invented in 2008. To put it simply, a Bitcoin is a file that’s saved in a program called a ‘digital wallet’ on either a computer or a smartphone. People may give you Bitcoins via your digital wallet. All transactions are recorded on the blockchain that’s updated in real-time.
Keeping your digital investments and assets in a secure wallet will ensure that it’s out of reach from hackers. The presence of superior security features in a wallet is among the essential elements to consider when selecting a wallet for yourself. Don’t forget that you must do extensive study to determine whether the wallet of your choice is a match for your financial portfolio.
2. Mind The Password
A strong password is the first line of protection for data security. The choice of a simple password, even if it’s used for numerous accounts, might allow cybercriminals to get access to your belongings in a short time. One of the reasons for a data breach is a password that’s too easy, especially those that include personal data like numbers from your birthday or name.
A function on password security websites allows you to create complicated passwords at random, which can be convenient. You may use this method to automatically generate lengthy, unique passwords for each account you own or operate. The only downside it might bring is that you’ll need to save it up somewhere else to ensure you won’t be locked out of your account either.
3. Be Ultra Vigilant
Nowadays, personal data is everything. From credit cards to e-wallets, having someone’s information can cause serious problems. For example, identity thieves may utilize social media sites to access a person’s personal information. Consequently, it’s recommended that you avoid oversharing on social media. Maintain the privacy of your personally identifiable information on social networking platforms such as your full name, birthday, or other vital account data. The less information about you that’s made publicly available online, the safer your digital assets are considered to be.
Hackers may also be able to get your personal information via the programs on your mobile devices. Some apps may seem harmless, and some may even get fake five-star reviews in the app store. However, installing the app may infect your phone with malware. Some symptoms of malware include your phone sending out messages or emails that you didn’t send and finding additional strange apps on your phone you didn’t download.
4. Be Two Steps Ahead
Protecting your online investments and digital assets can be taxing, especially if it involves a lot of technology. One of the things you can do to make it easier is to think ahead to avoid mishaps. For example, if a website uses encryption to safeguard online transactions, you should only give personal information on that website. Do you have any doubts about whether a website is encrypted? Check the status bar of your web browser for any errors.
The presence of a ‘lock’ symbol signifies that your information will be delivered securely. It’s also encouraged to be careful while using public Wi-Fi networks. Anyone who has access to these unsecured networks may be able to view the information you send and receive (unless you’re visiting an encrypted website). Additionally, using secure networks such as your home Wi-Fi is recommended for transactions such as checking your account balance.
Protecting your digital assets and online investments can be a challenging ordeal. Researching various online scams on security websites can be one of the best things you can do as it can give you an idea about the current trends in cybercrime. As the internet constantly evolves, it’s always recommended to adapt to new ways to protect your online investments and digital assets. In the end, it’s recommended that you follow these four ways to avoid unwanted cybersecurity breaches.