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Can Your Smartphone Help You Prevent Identity Fraud?

Can Your Smartphone Help You Prevent Identity Fraud?

Communication is an integral part of society, and several advancements in technology only prove just how much importance we give to it and to staying in touch. Mobile devices such as PDAs, tablet PCs, cell phones and smartphones are among the gadgets of choice most people use for communication because they are more portable compared to bulky laptops. You can send text messages, make calls, access your email, post updates on your social accounts, and surf the Internet using these devices.

These gadgets are so handy and convenient that 88% of adults in the US own or use a cell phone for communication and other purposes. Of these cell phone owners, 46% own a smartphone of some kind according to Pew Research Center.

Smartphones as a tool to prevent identity theft and fraud

Taking this statistics into consideration, you’d think that enterprising individuals would already be using smartphones for purposes other than communication, entertainment and accessing the web. What if smartphones could become a tool for identity theft prevention as well? If that were so, than 46% of US adults would definitely have better chances of avoiding ID theft and ID fraud. If your phone can become a medium for additional security measures for, say, online bank transactions, online shopping and logging into your social network accounts, then it will become much more difficult for identity thieves and scammers to target you.

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Currently, some banks are experimenting with providing you an access code which you’ll need aside from your password/pin and account number for online bank transactions. The bank sends you this access code through a text message once you initiate the transaction on the bank’s website. The code is usually only good for one transaction and can’t be used again for another one (or by another person trying to access your bank account online without your knowledge). Security-conscious companies that deal with sensitive data do something similar when employees need to access their systems. Every minute or so, the access codes to their systems change so employees who need access to their networks will need to provide the latest access code apart from their username and password.

For smartphones to become the ideal tool for identity theft prevention, an application similar to SecureID could be developed to run on them. Instead of bringing along a gadget that generates pass codes randomly, you could instead install an app that does the same thing on your phone. This technology is also handy because like most people, you probably bring your phone everywhere you go, making this app conveniently accessible anytime.

Smartphone users also at risk for identity theft and fraud

However, the statistics provided by Pew Research Center also show the number of people who can be potential victims of identity theft and ID fraud. According to a survey released by Javelin Strategy & Research, 7% of all smartphone users became victims of identity fraud in 2011. Identity thieves are targeting smartphone users because the latter tends to be less cautious. Some users also don’t install reliable anti-virus or anti-spyware software in their mobile devices, making them vulnerable to phishing and spyware attacks.

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The recent years have seen a steady increase in ID theft and fraud victims, so like most people, you probably do regular credit monitoring. People’s awareness over how credit monitoring can help in lowering the effects of identity theft and fraud has shifted the criminals’ focus to smartphone users – most of whom keep personal information and some financial details in their phones. Criminals can easily hack into Bluetooth or Wi-Fi connections to access these phones and steal information contained in them.

Criminals can also send emails or text messages to your smartphone asking for your credit information. These criminals pretend to be representatives of your bank or lender who ask for your information under the guise of verifying  your details and securing your accounts. These messages might look like the real thing, even containing your bank or creditor’s logo. They might also call your phone directly asking for your details, and if you do give them your credit information, you’ll surely become a victim of credit card fraud.

Protecting yourself by protecting your smartphone

Smartphone use continues to grow and ID theft is growing right along with it. However, security experts believe victims could avoid having this happen. Sometimes, the solution is simple: protect yourself by protecting the gadgets where you store your information.

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As mentioned, not all mobile devices are equipped with reliable anti-spyware and anti-virus software so criminals take advantage of this weakness. One way to prevent hackers from stealing information from your phone is by turning off its Bluetooth connection and avoiding using public WiFi connections. It’s also important that your phone locks automatically after a short period of time and asks for a password before you can access it. These are just a few simple ways to safeguard the contents of your phone.

If you want extra protection for your smartphone, you can equip it with an app that requires your fingerprint to unlock your phone. You can also get a smartphone that uses facial recognition software to unlock it. You can choose whatever security feature you think offers the best protection and is most convenient to use.

You should also be aware of how criminals phish for your credit information by calling you up or sending emails and text messages. Keep in mind that legitimate banks and credit card companies will never ask for sensitive details over the phone and via text or email messages. If someone claims to be a representative of your bank and asks for your information, hang up right away. You should also avoid clicking on links sent to you via email.

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A new level of protection

Credit card companies, banks and other businesses have done a lot to lower the chances of their customers falling victim to identity theft and fraud; however, these means might not be enough to completely avoid these crimes. Criminals, for one, are becoming more aggressive when it comes to tearing down security systems of companies in order to gain access to their database which contain customer information (personal details, credit card numbers and the like). Using biometrics – your fingerprint, for example – for added security during transactions might not be feasible just yet since all cash registers and computers will have to be equipped with fingerprint scanners.

Smartphones are undoubtedly susceptible to security breaches as well, but it’s a tool that a lot of people own or have access to. It can be the medium for the aforementioned security app that generates random access codes, and it’s a tool which banks and credit card companies can use to send passcodes to their customers. It’s a gadget that has multiple uses and can provide a new level of protection when you transact with your bank online, shop online, and log in to your social accounts.

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Last Updated on July 8, 2020

10 Smart Productivity Software to Boost Work Performance

10 Smart Productivity Software to Boost Work Performance

Productivity is the ability to perform tasks efficiently and in a timely manner. In today’s busy and competitive business world, productivity is paramount for any business, organization or corporation.

Productivity is more than just performing tasks successfully. It is about investing and allocating resources, so the company or business can perform to meet its core goals.

As part of 2019, it is important to commit to new goals. When shopping around for new productivity software keep in mind the following things: cost, reliability, cross-platform compatibility, on the go, technical support, etc.

In the subsequent sections, we will examine the most recommended productivity software in the marketplace. In addition, we will look at what makes them tick and what separates them from the rest of the pack.

Projects and Tasks Management

1. Monday dot com

    Monday dot com was founded to create a team management solution so people connect to workplace processes across any industry. The productivity tool is used in more than 140 countries.

    The user interface is intuitive and impressive. It makes collaboration productive and fun because of its simplicity.

    The tool is deemed to have one of the best user experiences across the mobile and online project and task management platform.

    The product includes usability, customization, admin control, group management and control, private or public control, in-group messaging and more.

    Check out the software here!

    2. Asana

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      The mantra behind Asana’s product is to enable teams from across different organizations to work together effortlessly.

      The software comes with lots of customizations. When you create a project as a user, you can choose between a traditional task view and the kanban-style board view. The dashboard allows you to see the progress on a project, and it includes an excellent advanced set of search tools.

      Also, Asana’s Android and iOS apps do retain the web interface’s clean look and feel.

      Check out the software here!

      3. Trello

        Trello was founded in the summer of 2010 and two years later the platform added 500,000 members. Anyone within sales, marketing, HR and operations can collaborate successfully with this product.

        Moreover, the tool has over 100 plus integrations with Google Drive, Slack, Jira and others. The product works flawlessly across various platforms.

        Some of the well-known features includes is speed, easy-to-use, and set up. The interface includes due dates, assignments, file storage, checklists and more.

        Check out the software here!

        4. Jira

          The Jira software is flexible and heralded as the next-generation project.

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          The software allows teams to design and adapt the software to an organization’s needs. This includes having visibility into long term goals, project roadmaps, status of work, real-time release information and more. In addition, the interface is customizable.

          The Atlassian Cloud does not support multiple separate domains, subdomains or domain aliases in Google Apps.

          Check out the software here!

          5. Evernote Business

            Evernote was founded in 2008 and reached 11 million users by 2011. The company was founded on the premise that their product should address the ever-increasing volume and speed of information.

            The product helps bring together groups of teams because of versatility and functionality. It creates documents, collaboration on projects, store information all a single location.

            Moreover, you can find information quickly and includes effective search capabilities and integrations with existing tools you may already use.

            Check out the software here!

            Communication

            6. Slack

              Slack was founded in 2013 and the tool is heralded as a collaboration hub. Slack is where productivity happens. When you start a new project, hire new staff, deploy a code, review a sales contract, finalize on a budget, Slack covers all of these. Some of the major highlights include highly customizable notifications and seamless integrations with other collaboration and office tools. The free version of the software comes loaded with features, but does not archive old message. So, you have to review what are the best options for your organization or business.

              Check out the software here!

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              7. Spike

                Newcomer Spike makes emails more conversational by helping teams maintain productivity, communication, and collaboration. All of these are achieved from within their inbox.

                Spike works on top of any existing email (O365, G suite, and IMAP) turning it into a real-time messenger and making your communication much more functional and efficient.

                Spike’s features include built-in groups and channels, voice and video calls, email encryption, instant access to all your files, and much more.

                Check out the software here!

                Creation

                8. Office 365

                  Microsoft’s Office 365 could not be excluded from the conversation and especially as it pertains to productivity software.

                  Of course we are all familiar with Word, Excel, PowerPoint, and Outlook. But there is more capabilities that come with it.

                  You have business-class email, online storage space, and teamwork solutions. These services can be accessed from just about anywhere.

                  Within this suite is Microsoft Sway, which is a presentation software and a step above PowerPoint.

                  Check out the software here!

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                  9. Grammarly

                    Grammarly helps to cut down time on editing. Professionals in several industries like law, healthcare, academia, marketing, engineering and journalism use it to provide instant feedback on the accuracy of writing in English.

                    Once you install the extension from Google Chrome, you can get corrections when you are drafting an email, using social media and other apps.

                    Grammarly is AI powered and it’s a wonderful tool to have to check spelling and grammar before a presentation.

                    Check out the software here!

                    Team Analytics

                    10. ActivTrak

                      ActivTrak is a business intelligence tool that allows you to access team behavior analytics. In other words, it is data-driven.

                      The pros include two-factor authentication with active directory integration. You can also automate your alerts and it has an intuitive interface with easy-to-use admin controls.

                      Furthermore, it comes with Google sign-in, iOS app, productivity track, and more. The bottomline is the product offers employee productivity metrics along with team behavior analytics.

                      Check out the software here!

                      The Bottom Line

                      Depending on the size, budget, resources, and immediate needs of your company, not all productivity software will exactly solve your problem. You will have to contact any of the providers above and probe extensively to find the right product that is made for your business.

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                      Featured photo credit: Domenico Loia via unsplash.com

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