Archive for the ‘Information & Application Security’ Category

Why Should We Learn About Encryptions?

Thursday, March 5th, 2020

Today, we all are living in a tech-driven digital world where data breaches are becoming more common. Hackers know that how they can sell compromised data or use that data for crimes. Indeed, modern technology is making our life more comfortable, but if you fail to understand, the importance of data security, then your organization will be vulnerable to cyber-attacks.

As per a recent study, these days, cybercrimes are on the rise. Therefore, to avoid data misuse, you should learn about the process of encryptions and invest in it. The advantages of a strong encryption process are not limited to usage of the internet, but you can even protect your data on your PC, hard drive, USB, and mobile devices.

Before diving deep into the benefits of encryption, let us understand what encryption is.

What is Encryption?

Encryption is a procedure of converting data or information into an unreadable code while transmitting or storing. It prevents any illegal access from malicious third parties and keeps your personal information secure.

Reasons to Invest and Learn About Encryptions

1- You can use encryption on mobile

The major benefit is that you can apply it to almost all tech devices that you use to share or access information. If you use an iPhone, you can easily encrypt your data using a password or Face ID feature. In Android phones, you can do encryption settings. There are various options for encrypting your data on the computer. As per your requirement, you can choose the full hard disk or file-based encryption.

2- Stay safe when working remotely

Nowadays, most companies offer work-from-home options to their employees. The latest technical advancements make it easy for employees to stay productive from anywhere. According to a Shred-It 2018 study, most business leaders believe that data breach risks are higher when people work remotely. Therefore, whether you work remotely every day or just occasionally, data encryption prevents your confidential data from falling into the wrong hands.

3- Encryption supports data integrity

As per the study, 40% of entrepreneurs fail to achieve their targeted benefits. The reason behind it is the poor quality of data. When you employ encryption technology, it will support data integrity. It ensures that unauthorized users do not have access to your company’s information for analysis. Ultimately, it decreases the chances of tampering with data done by a hacker go unnoticed. It works like a privacy safeguard and offers competitive advantages. By using encryption technology for data protection in your organization, you can increase the trust level.

Concluding Remarks

Briefly, if you want to keep your data safe, then investing in the apt encryption technique is necessary. It keeps your confidential data secure and gives your customers an assurance that their data will not go in the wrong hand. Therefore, you must learn about encryption and understand the benefits of investing in it. Nevertheless, before you decide your encryption plan, you have to determine how you want to encrypt.

Airbnb Now Bookable with Bitcoin and Lightning Network via Fold App

Thursday, January 23rd, 2020

One of the most popular Bitcoin payments app Fold has recently announced that users can now book Airbnb using the app. The short-term rental giant is now a part of Fold’s rewards program known as Fold Kickbacks, which supports Lightning Network (LN), Bitcoin’s second layer. It allows users to buy gift cards for Bitcoin with a reward of 3 percent cash back.

This means that with every stay and/or experience booked on Airbnb using Fold, users can get 3 percent cash back in Bitcoin (BTC). The announcement is surely an exciting feature on the Fold Kickbacks rewards program, which already has some well-known brands such as Uber, Amazon, and Starbucks.

Currently, the Fold app only works in few selected countries such as the US, Canada, Mexico, Australia, Ireland, and the United Kingdom. Soon, Europe is expected to be able to use the app as well.

Fold facing new competition

The Fold may be among the oldest and the biggest Bitcoin shopping rewards apps in the market today, but it definitely isn’t alone app. There are several similar apps that have come up in recent years, offering users with an increasing number of options to “stack sats”.

One of the biggest competitors of Fold may be Lolli, which has partnered with Petco, a popular American pet retailer. In addition to this, the Bitcoin rewards shopping app also partnered with Safeway, a huge grocery chain in the US in order to provide users with an attractive offer of 3.5 percent cashback in BTC on all of the purchases they make at Safeway.

In an attempt to stay ahead of the competition and provide users with more payment options, Fold added a new feature that allows the app to accept fiat currency as payment at in-store and online retailers apart from Bitcoin. Users can do so by adding either their Bitcoin Lightning wallet or credit card. This new feature was added after the firm managed to raise $2.5 million in late September 2019.

Even Asia is not far behind and is rolling out Bitcoin rewards shopping options. Earlier this year, Amaten, which is the largest gift card platform in Japan announced that it partnered with Aelf, a blockchain network provider in order to issue tokenized gift cards to users.

With the growing popularity of blockchain technology and cryptocurrencies, we can expect to see more of similar services in the coming years with investors, tech companies and top UX design firms working together to bring improved services.

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