Mobile wallets allow users to conveniently carry their money with them at all times, storing payment card information on a mobile phone or device. It is one of the easiest ways to make an in-store payment at locations listed with a mobile wallet service provider. Carrying a physical wallet around is not only bulkier and no longer necessary, but also a riskier option

Dangers of Using Other Payment Methods

Mobile wallets are more secure than swiping cards because the magnetic strip on a traditional card is easy to hack. Any magnetic scanner can read and steal this information, and thieves are able to tamper with card readers, often leading to compromised accounts.  Read more. . .

In recent years, more corporate hacks and security breaches have been reported by the media than ever before. As countless well-known brands continue to suffer cyber attack incidents of mass destruction, cybersecurity has become a priority to most business owners.

It is important to note that almost every company is susceptible to cyber attacks, which if not handled correctly, could severely tarnish their reputation. Therefore, minimizing the impacts of a cyber attack for your stakeholders, employees and most importantly customers is your personal responsibility. Read more. . .

In today’s market, the majority of businesses have become cloud-based. Cloud services have two options – public and private. A service vendor on the public cloud will provide applications storage and other resources to multiple companies using its own servers. The private cloud is an infrastructure that is solely for one business to house and distribute their data and apps. Private clouds can be kept on the business’s own servers, or through a third party.

Deciding which type of cloud you need will always depend upon the types and volume of sensitive data your company handles and regulatory data protection requirements that are relevant to them. Those businesses that specialize in financial or medical data have to comply with strict rules around the control and security of their information. As an insurance company, you will see a lot of financial and medical data in your files so a private cloud could be right for you. Read more. . .

Whatever your business specializes in, you’re going to have sensitive client data on your system. That information could include names, addresses, bank details, etc., and all that information can be very handy to a hacker.  Your customers trust you with their details, in belief that you are going to keep it all confidential and safe from prying eyes. Your client data security will determine the success or potential damage to your business.

If that sensitive information falls into the wrong hands it’s not just your business that can suffer. In the majority of such cases, it’s illegal to not protect client information. The federal Fair Credit Reporting Act will heavily fine companies that don’t provide enough security for sensitive client details. Read more. . .

The internet has brought the world together through speedy communication. It allows us to share ideas, programs, images, and various other forms of media in the blink of an eye. But so much connectivity also brings its fair share of problems, often related to security. Web attacks can come from anywhere, be it from dangerous malware or the attempts from a hacker. For a business, being unprepared for these malicious strikes can be devastating, especially when those attacks are able to obtain sensitive data like insurance. If your company is sweating the cyber-attack, here’s a few tips to protect precious business information. Read more. . .

Running an insurance company is hard enough without having to deal with the mountain of spam email that clutters up your inbox. Don’t get me wrong, some of it may actually be useful. Offers from companies you’ve previously done business with for example, may send helpful blasts, but the majority of it simply gets in the way of important messages you’re trying to find. Some of it isn’t simply useless, it can be dangerous. Behind that email telling you you’ve won a gift card you never applied for can lurk some very dangerous viruses. If they get into your system they have the capacity to harm your device, disrupt your business and potentially spread to the other people in your address book. Read more. . .

Cybercrime is becoming more and more common – and no business is immune. Smaller businesses don’t always have the money or resources to protect themselves properly and are more vulnerable to attacks.  Large businesses tend to overlook threats and end up just as susceptible to hackers looking for information.  Insurance agencies’ collections of personal and financial data make them a uniquely attractive target for cybercrime – hacking for theft. What measures are in place to protect your insurance agency? Read more. . .

As modern businesses become more and more dependent on the internet and technology to expand their growth, whether it is to reach out to the customers or to manage their workload, it has become more and more important for such organizations to keep their networks secure. Any data breach in the networks can completely halt the functioning of their internet-based business. And it’s not just the big organizations that have a security threat looming, small businesses also face the same threat. But, small business heads shouldn’t focus too much of their resources to protect themselves from the security threats. They should just focus to eliminate some common internet mistakes that often put your business in risk. Here we have compiled together some common internet security mistakes you and your staff should be aware of: Read more. . .