Firstly as we get started, can I just say that camDown is your security solution to protect you and your business from webcam hackers!
Everybody loves the convenience of digital banking, online trading and electronic money management. It’s faster, easier, simpler and more convenient than doing your financial transactions the brick-and-mortar way.
But all that added convenience of digital banking comes at a price: vulnerability to cybercrime. It doesn’t matter how big, how successful or how professional an app or service is; if it can be hacked, it will be hacked. And almost everything can be hacked.
There’s a good reason why the costs of cybercrime have risen so dramatically in the last few years: cybercrime, especially cybercrime that targets financial services, is incredibly lucrative. In Florida, the cost of cybercrime reached nearly $300 million last year, putting Florida in the No. 2 spot in the country for cybercrime. Over 50,000 people were victims.
The top forms of cybercrime behind this surge? Financial fraud, identity theft and account hacking, oftentimes targeting Florida’s elderly, who have large nest eggs for cybercriminals to pilfer. It should be no surprise that, just last year, an internal report by Robinhood found that at least 2,000 accounts had been compromised by hackers. Hacks like these can make a big profit; one user lost $300,000 to cybercrime.
The problem for Floridians is that cybercrime is always evolving. Companies like Robinhood, PayPal, Venmo and others handle sensitive financial data and are responsible for protecting peoples’ hard-earned money. But even the best cybersecurity practices of today can’t ever fully eliminate the vulnerabilities of tomorrow; a damaging cyber incident will always remain a possibility.
But that doesn’t mean we’re helpless. In fact, there’s a lot we can do to keep our personal information, our sensitive data and our finances safe and secure.
First and foremost Florida residents have to protect themselves — and make sure they don’t become their own worst enemy. Ninety-five percent of data breaches are the result of human error. Most often, Floridians fall prey to phishing scams or other forms of fraud. If more people knew not to click on suspicious links or open strange emails, there would be far less cybercrime.
But we also need to take better care of our digital hygiene. That means doing the hard work — like creating unique, hard-to-guess passwords for our digital accounts. Fifty-three percent of people admit they use the same password for multiple accounts; that’s a data breach waiting to happen!
Gone are the days when a cybersecurity incident is a rare event with someone to blame. Hacks, data breaches and compromised accounts happen every day. Cybercrime never sleeps — and we have to be ready.
You don’t have to be tech-savvy to protect yourself with cybersecurity software. Given the right tools, anyone can take charge of their own protection online.
Cybercrime is only going to increase in frequency and intensity in the years to come. To avoid becoming the next cybercrime statistic, keep your digital accounts secure.
Tom Kelly is president and CEO of IDX, a Portland, Oregon-based provider of data breach and consumer privacy services.
When all is said and done, let me just add that camDown is the solution for securing your webcam from cyber criminals and pedophiles and that's the no joke.