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The Importance of Online Security

These days we maintain and transmit an increasing amount of personal information online - from emails to financial information and even personal pictures. We often struggle to keep this information conveniently accessible, yet still secure. Recent well publicized events have highlighted the potential dangers surrounding the following aspects:
  • The danger of sending confidential financial information via email
  • The need for secure data storage locations, with back-ups
  • Password security
eMail
Confidential financial information should never be sent via email. Large financial organizations, such as banks, stopped doing this years ago and now force you to log-on in order to view statements. This trend is now also being increasingly adopted by smaller players. Emails are easily intercepted and accounts can mistakenly be left accessible when, for example, browsing emails at an airport lounge.
Data Storage
The physical location of where the data is eventually stored is also important. Using a small server behind a locked office door is no longer an acceptable level of security - as the server itself can easily be compromised by an intruder. Dedicated server-farms, with bio-metric access controls and sophisticated intrusion detection capabilities offer a much higher level of security. Often such farms are audited and accredited by leading security agencies - with the ISO 27001 Certification being the ‘gold standard’.
Password Security
OfCom (a UK telecoms regulator) recently released a report which stated that a staggering 55% of the UK population use the same password for almost all the websites which they frequent. Using the same password for the all your accounts significantly raises the risk that once one account is breached, the others will soon be too. Passwords should always be hard to replicate, and contain a sufficient number of non-Alphanumeric characters. Many systems now help by grading passwords as being Weak, Moderate or Strong when you initially set-up the password.
An even safer alternative is to employ 2-factor authentication - where the two factors are something you know (your password) and something you own (a dongle), which generates a unique code depending on when it is being used. This is the methodology employed by the leading banks, but often leads to a frantic search for the dongle when it is required.
Privé Managers employs the best-of-breed technology in all of the above categories. We do also offer our client the potential for 2-factor authentication when logging on to our system - with the unique code being generated via an app on the users smart-phone. Most users will usually keep their smart-phone nearby at all times.
To hear more about the Privé Managers system, and how we take your clients security very seriously, please contact us today on sales@privefinancial.com.
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1)http://media.ofcom.org.uk/news/2013/uk-adults-taking-online-password-security-risks/
2)http://www.doctrackr.com/blog/bid/310927/password-security-statistics-strategies-and-more?utm_source=linkedin&utm_medium=social&utm_content=622300
3)http://www.signatouch.com/1/post/2013/06/password-security-statistics-and-strategies.html
4)http://passwordresearch.com/stats/statindex.html
5)http://blog.lastpass.com/2012/03/latest-review-of-security-issues-and.html
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