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Data Shows How Vulnerable Financial Data Currently Is

Data Shows How Vulnerable Financial Data Currently Is

Breaking the security of your data poses a huge risk because it may cause your financial information to fall into the hands of attackers, who may simply try to steal everything you currently have. However, it is important to note that financial data may be the most valuable form of data that anyone can have. SayMine’s research shows how fragile the financial data of ordinary people are today.

The reason the data is so fragile is that so many different companies and platforms are currently accessing it. This is a problem because the more databases you have financial data, the more likely an attacker will access this data. It also increases the possibility of leaks that could endanger your safety.

Currently, approximately 350 companies have financial data, which means that the probability of these data falling into the wrong hands is 350 times higher than usual. This data is quite large and influential, including companies like PayPal, Amazon, and Apple, the two largest companies in the world by market capitalization, and companies such as eBay, Uber, and Spotify.

Some of your financial information is in their database. It turns out that the Covid19 pandemic has had a considerable impact on the amount of data stored and the people who currently store it. A quarter of financially active companies belong to the tourism industry, but this proportion has returned to 10% of the pandemic, which makes sense given that people no longer go on vacation and travel as often as they used to.

The pandemic has also forced people to use various delivery services, especially Gal Ringel, the mine’s chief executive, said that before the pandemic, a person’s average financial digital footprint had quadrupled. It shows that our lives are increasingly intertwined with technology every day.

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There are several ways to solve this problem. Perhaps consumers can limit the number of fingerprints as much as possible. Every time he makes a purchase online, he will enter his card details, but this is a very cumbersome way of online shopping, so consumers are unlikely to do so in the end. Security is also more serious. Ultimately, they are responsible for the data collected from customers and need to ensure the security of these data as much as possible.

Data Shows How Vulnerable Financial Data Currently Is

OVERVIEW:

Breaking the security of your data poses a huge risk because it may cause your financial information to fall into the hands of attackers, who may simply try to steal everything you currently have. However, it is important to note that financial data may be the most valuable form of data that anyone can have. The reason the data is so fragile is that so many different companies and platforms are currently accessing it.

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