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Data Protection Best Practices 2020: 5 Solutions You Need

In the modern tech-driven world, it doesn’t really matter if you are running a small business or a global venture – there is always a chance that cyber-criminals will attempt to extract sensitive business information from your data stores or your employees. Just because you’re a small business owner doesn’t mean that scammers and hackers […]

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In the modern tech-driven world, it doesn’t really matter if you are running a small business or a global venture – there is always a chance that cyber-criminals will attempt to extract sensitive business information from your data stores or your employees. Just because you’re a small business owner doesn’t mean that scammers and hackers will pass you by, especially if you are operating in a competitive industry where others stand to gain plenty by selling your business information to other companies and individuals. Remember, there is always something to steal from your company, even if it’s information about a single customer.

After all, it only takes a small data leak to jeopardize your brand’s reputation and trust in your industry, which is a scenario that you might not be able to recover from. With that in mind, let’s go over the best data security solutions for 2020 that will safeguard your business.

Start with employee training and education

There is not much you can hope to achieve in terms of data security and cybersecurity using technology alone, simply because your employees can be your biggest liability if you don’t put in the time to educate them on proper online behavior and cybersecurity measures. You can employ the smartest of tools to monitor your employees, but it only takes one act of social engineering to succeed for a team member to give up a piece of information, by which point your reputation could be irreversibly damaged in the eyes of the public and your audience. 

To prevent this scenario, be sure to devise comprehensive cybersecurity workshops for your employees. You can also bring in outside advisors and IT industry professionals to help with this task. It’s important that you take an individualized approach to employee education, in order to make sure that every employee is on board with the latest policies and cybersecurity practices in your company. Mind the age difference between employees as well, as your long-standing team members might have a more difficult time retaining all of that information.

Introduce multi-factor authentication

There are many potential access points that scammers and hackers can exploit to enter your system, ranging from smartphones and smart devices in general, to old employee accounts in the cloud, email accounts, and many more. Your job is to seal all of these potential data leaks and prevent all data breaches by introducing multi-factor authentication for every device and piece of software in your company. Take the following example as an illustration of how this solution can benefit your company.

Many employees will store some form of business information on their smartphones, even if it’s just emails. Should they lose their phones, or should their phones get stolen, you want to ensure that no one is able to access any relevant business data. This is achieved with multi-factor authentication that requires the user to log in through username and password, but also confirm their identity with an answer to a unique question, or by verifying their phone number.

Monitor all network activity in the workplace

No matter how much you educate your employees, and no matter how many obstacles you put in the way of scammers and hackers, you still can’t leave your employees to handle online communication all on their own. You shouldn’t even allow them to browse the web unsupervised in this day and age, because there is always a chance that they will inadvertently make a mistake that will lead to a data leak.

This is why business leaders are nowadays implementing innovative web filter solutions that give them a comprehensive overview of all network activity in the workplace, allow them to monitor their employees, restrict access to certain websites, and thus elevate the level of data security. This type of software minimizes risk and allows for deep traffic inspection, which ultimately improves employee productivity and safeguards all of your data on the web.

Generate truly powerful passwords

Another tried-and-tested solution that elevates data security is to simply use stronger passwords on all devices and software in the company. That said, this is not as simple as telling your employees that their passwords should contain uppercase letters and special characters, because modern tech-savvy hackers have no problem cracking these codes. Instead, you should use a password management tool that will create a truly randomized assortment of letter and characters to generate passwords that cannot be cracked by humans or machines. 

Integrate software and hardware firewalls

And finally, keep in mind that it’s no longer enough to have software firewalls. Sure, every device needs to have a software firewall installed, but you also have to optimize it for your needs and adapt it to the device in question. Once you’ve done that, be sure to introduce a hardware firewall into the workplace in order to put a physical device between your network and the outside world that will help with traffic inspection, filtering, and data security. This device can safeguard your entire network, and protect all devices even when the operating system crashes.

Wrapping up

The online world is becoming a more dangerous place for businesses with each passing year, which is why cybersecurity and data protection should be your top priority for this year. With these solutions in place, though, you should have no problem safeguarding your brand’s reputation, your employees, and your customers’ information.

The post Data Protection Best Practices 2020: 5 Solutions You Need appeared first on PrimaFelicitas.

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Supercar maker Mazzanti Automobili launches security token offering

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Italian luxury car manufacturer Mazzanti Automobili has launched its security token offering on regulated digital marketplace STOKR.

As part of the offering, Mazzanti aims to raise 999,999 euros ($1.2 million) on STOKR to develop a special edition of its hypercar model Evantra Millecavalli R.

According to a Feb. 25 announcement, Mazzanti’s STO will allow investors to purchase MZZ tokens, priced at 1 euro each. The token is issued by Mazzanti via Blockstream AMP, a platform for the tokenization of securities built on the Liquid sidechain of Bitcoin (BTC), which has been directly integrated with STOKR.

As part of the STO, MZZ investors will be able to receive a 50% revenue share in the sale of the Evantra special edition. The offering is available for select European countries, with a minimum investment of 50 euros, the announcement notes.

Mazzanti’s founder Luca Mazzanti said that the company has been considering running an STO for a while. The company initially announced its upcoming STO plans earlier in February.

In conjunction with the STO, Mazzanti also announced that the company will allow its customers to purchase all editions of the Evantra model with Bitcoin starting from Feb. 25. The move echoes Tesla’s recent move toward accepting Bitcoin payment for its electric vehicles. 

Based in Luxembourg, STOKR has been listing various STOs in compliance with capital market laws of the European Union. Last year, Germany’s Federal Financial Supervisory Authority approved ParkinGO’s offering as the first cross-border STO on STOKR.

Source: https://cointelegraph.com/news/supercar-maker-mazzanti-automobili-launches-security-token-offering

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Finance Redefined: Ethereum exodus continues as Binance ‘helps,’ Feb 17–24.

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The parabolic rise of the Binance Smart Chain has been all over the news this week, aided by a few seemingly unfriendly moves by the exchange itself.

It started on Friday, when Binance suddenly froze withdrawals of Ethereum-based assets for about one hour. Many interpreted it as a move against the blockchain and its ecosystem, given that the cited reason was “congestion issues” — something one hardly imagines is a problem for an exchange, unless they shoulder withdrawal costs for the user.

The day after, FTX started shaming Binance for excessive promotion of BSC on the exchange. Specifically, FTX was apparently “spending millions” in failed deposits that came over the Smart Chain but were meant for Ethereum. FTX’s accusation toward Binance, one of its investors, is that the exchange put BSC as the default option for withdrawing many ERC-20 assets, which caused a lot of failed deposits to FTX.

I can’t say I’ve ever noticed Binance Smart Chain being “the default option” for withdrawals. BSC is the first listed when you attempt to withdraw something like USDC, though it does not actually select the blockchain for you. Still, I can see how some newbies could get swindled by this. People overestimate the degree to which terms like “ERC-20” are known in the casual crypto community. Testing the withdrawal now, Binance forces you to go through a quiz where you confirm you know what you’re doing by selecting BSC. I have no idea when this was introduced, but it’s not impossible that it’s a response to FTX’s statements.

Overall though, there’s nothing inherently wrong with one company using its products to promote another of its products. From the official responses it seems that the Ethereum congestion incident won’t happen again because they “upgraded the systems.”

Cheap tricks would never be able to undermine Ethereum without there being an underlying fundamental weakness. And I think we’ve all had enough with Ethereum gas fees. I tried a non-Ethereum DeFi product recently, and it felt so good to pay just a few cents for a complete interaction.

Binance Smart Chain is already processing more transactions than Ethereum and has over 5 million unique wallets. Ethereum, with its much longer history, is currently sitting at 140 million wallets in total.

Ironically, Ethereum fans should secretly want the bull market to end right now. The longer it goes on, the more gas fees will remain high, and the more people will want to migrate away and seed other environments.

Second largest liquidation day in DeFi history

Speaking of the end of the bull market, a massive slide in crypto markets triggered some $24 million in liquidations on Tuesday, the second highest loss in DeFi history. It would’ve been the highest if not for that infamous day in November when Compound thought Dai was worth $1.3.

The firesale was triggered by nothing in particular, though I suspect that rising bond yields are having their effect on the riskiest of assets on Wall Street, of which Bitcoin is the quintessential representative. And then Bitcoin dragged the rest of crypto with it.

I don’t normally talk about price because I’m not a financial advisor or even a successful trader. But I am feeling a lot of fundamental and sentimental indicators of a coming correction, ranging from a wavering stock market to, well, the strength of Tuesday’s dump.

To top it all off, my non-crypto feeds are being invaded by crypto stuff, which is never a good sign. I certainly hope that I’m misinterpreting what is actually unprecedented adoption and acceptance, but let’s face it — it’s all about price for now, while fundamentals are still lagging.

With layer two platforms and new blockchains coming online, we may get something useful out of crypto and DeFi soon. But everything could happen before we get there. Be especially careful right now and, most importantly, don’t get liquidated.

In other news

Source: https://cointelegraph.com/news/finance-redefined-ethereum-exodus-continues-as-binance-helps-feb-17-24

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Blockchain soccer gaming startup Sorare raises $50M

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Sorare, a major blockchain-based soccer gaming platform, has raised $50 million from high-profile investors backing major companies like Twitter, Instagram and Discord

The fresh Series A round brings Sorare’s total funding to $60 million, the company told Cointelegraph Thursday.

The funding round was led by Benchmark, an investment giant famous for funding companies like Twitter, Uber and Snap. Accel Partners was another lead investor, known for backing companies like Facebook and Spotify. The round also included some additional investment from investors like Reddit co-founder Alexis Ohanian, VaynerMedia CEO Gary Vaynerchuk, and Barcelona striker Antoine Griezmann.

With the new funding, Sorare is planning to continue growing its ecosystem, including launching a mobile application and onboarding the top global 20 football leagues. “We’re designing an experience where fans can celebrate, share, and live football moments at a deeper connection. We’re making fantasy football a reality,” Sorare said.

Founded in 2018, Sorare provides a digital collectibles platform based on the Ethereum blockchain. With non-fungible tokens, the platform offers a collective fantasy football experience allowing players to manage their players and earn prizes.

Gerard Piqué, strategic advisor at Sorare, explained that the platform aims to meet the significant shift to online and digital fan experiences:

“As world football has shifted from local supporters to global fanbases, football fans are looking for new ways to be connected to the game, the players and other fans.”

Blockchain and cryptocurrency startups have been actively tapping the soccer industry in order to bring new ways of fan engagement using emerging technologies. Socios and Chiliz represent some of the best-known industry efforts, jointly providing blockchain fan tokens for popular global soccer clubs like FC Barcelona, Juventus and Paris Saint-Germain. Earlier this week, Polish Legia Warsaw became the latest soccer club to join Chiliz and Socios.

Source: https://cointelegraph.com/news/blockchain-soccer-gaming-startup-sorare-raises-50m

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