Please, Please, Please Do This One Thing NOW ??: A Personal Plea to End Hacking Overnight ??
Nicholas Beames
Founder of Rounded, Sami Insurance, and Astute Payroll | Pioneering Growth, Efficiency, and Risk Management Solutions in FinTech, InsureTech, and PayTech.
If you've ever wondered how to contribute to a safer digital world, I urge you to consider this one vital action: use a password manager app ??. Following the Australian Financial Review Cyber Summit last week, it has become abundantly clear that we have both the technology and the collective will to end hacking overnight ??. And the most effective weapon in this fight is surprisingly simple—a robust password manager app ??.
The Importance of Password Manager Apps ??
Gone are the days when a password manager app was a luxury ??. It's no longer optional; it's a necessity ??. These apps serve as an encrypted vault where you can store all your login credentials securely ??. But they are not merely storage units. They also help you generate complex, unique passwords for every online service you use ??. As we learned at the Cyber Summit, this is crucial to maintaining robust cybersecurity ??.
Global Financial Impact of Hacking ??
The impact of not using robust cybersecurity measures is astounding. According to estimates, cybercriminals globally scammed over $1 trillion last year ??. That staggering sum reflects the collective failure to take adequate preventive measures ??. And remember, every dollar scammed is a dollar that fuels illegal operations, thereby perpetuating a vicious cycle ??.
A Collective Solution to a Collective Problem ??
Let's pause and consider the gravity of the situation ??. If everyone used a password manager app, most of these hacks would be ineffective, effectively putting cybercriminals out of business ??. This is more than an individual act; it's a social responsibility ??. Our collective action can shift the paradigm overnight, making the digital world exponentially safer ??.
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Trust, But Verify ?
While password manager apps offer robust security, adding another layer of protection is imperative: two-factor authentication (2FA) ??. Even the best password manager apps are rendered useless if your master password gets compromised ??. This point was heavily emphasized during the Cyber Summit—use 2FA to confirm your identity through a secondary device, ensuring an additional layer of security ??.
The Economic Viability ??
In an economic context, consider the potential return on investment ??. The cost of maintaining a password manager app is trivial compared to the potential financial losses incurred through hacking ??. Economically speaking, the math checks out—invest in your digital safety and save yourself from potential financial ruin ??.
A Personal Plea ??
So, I implore you to download and use a password manager app today ??. It's a straightforward yet profoundly impactful action you can take now to secure your digital future and, by extension, contribute to a safer global digital community ??. The power to end hacking doesn't solely reside in the hands of cybersecurity experts; it's in all of our hands ??.
Chartered Accountant advising Australia's leading private businesses
1 年Important article Nicholas Beames. Thank you for publishing.
Technology Vendor Recruiter - Recruiting leaders & their teams in SaaS and technology across APAC with Ludtec (formerly Harlow Group)
1 年Just added 2FA, thanks Nick. Hope you're well mate.