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Cryptocurrency is a type of digital money that offers an alternative to government-issued currencies. The cryptocurrency market has exploded in recent years, with no indication of slowing down.

However, cryptocurrencies are still relatively new to the realm of investing, and there are a lot of dangers involved with them.

When it comes to cryptocurrency investments, there is no safety net; this implies that if things don’t work out for you or you aren’t careful, you might lose everything you put into the investment.

This blog post will walk you through 5 keys to trading cryptocurrency securely.


5 Tips To Trading Cryptocurrency Safely

#1 Be Aware That Cryptocurrencies Are Volatile

Because cryptocurrencies are still a relatively new kind of asset, they are highly volatile and prone to significant price fluctuations.

This means that you must be prepared for the possibility of losing your entire investment if the price doesn’t fluctuate as you expected, and you should be prepared for this possibility before going in on any digital currency.

If you find that cryptocurrency trading isn’t for you, simply stop investing in cryptocurrencies before it’s too late!

#2 Pick A Crypto Trading Style

Another great way of increasing your safety when investing in cryptocurrency is by picking a trading style that works for you.

There are several different kinds of cryptocurrency traders, such as:

  1. Day trading: Day trading cryptocurrency means you’ll open and close a position in one day, so there will be no crypto market exposure overnight.
  2. Trend trading: Taking a position in line with the current trend is known as trading on the move. For instance, if the market is in a bullish trend, you’d go long, and if it’s in a bearish market, you’d go short.
  3. Crypto hedging: Taking the opposite position to your existing position is referred to as hedging cryptocurrency. You’d do this if you were worried about the market moving against you.
  4. HODL (or buy and hold): The term “HODL” refers to a crypto investment technique in which you buy and hold cryptocurrencies. It got its name from a grammatical error on a well-known cryptocurrency forum, where it is now frequently said to stand for “hold on for dear life.”

#3 Research Exchanges

Before you invest any money into cryptocurrencies, it’s important that you learn about the differences between exchanges. These platforms provide you with an easy way of buying Bitcoin and other digital currencies, and you can use them to store, send, and receive your digital assets.

However, there are a ton of cryptocurrency exchanges out there, and you should always look into how secure a particular exchange is before deciding on using it for trade or investing.

Make sure that the site has been well-reviewed by other users so that you have an idea of how reputable they are in general. Also check how safe their servers are, how they keep user information private and how quickly they process transactions.

#4 Research How To Store Your Digital Currency

When you invest in cryptocurrency, one of the first things that you need to do is figure out how exactly you plan on storing it.

There are a few different storage options for digital currency investors:

#1 Paper Wallets

A paper wallet is the most basic form of crypto wallet: it’s simply a piece of paper with your private keys written on it. However, there is a significant disadvantage to paper wallets: if you lose your paper wallet, you also lose your cryptocurrencies.

On the flip side, these will never be able to be accessed by hackers, so they technically can be considered one of the most secure ways of storing your digital currency as far as online theft is concerned.

#2 Software Wallets

Software wallets may be downloaded onto any computer or smartphone with Internet connectivity. They’re extremely handy, but their downside is that they can also be hacked (even if you have 2-factor authentication enabled).

Because they’re the only type of wallets that can be hacked, software wallets are also known as “hot wallets”.

#3 Hardware Wallets

The most secure way to store a significant amount of cryptocurrency is in a hardware wallet since it cannot be hacked or utilized without direct access to the physical device.

In recent years, security-minded crypto exchanges have taken to using hardware wallets to safeguard their assets.

You might also choose an offline software wallet, which means putting software on your computer where you can safely keep all of your data offline.

#5 Diversify Your Investments

Diversifying your investments is a great way of increasing your chances of success when it comes to investing, and it holds true for cryptocurrency as much as it does for other types of assets.

For example, if your Bitcoin investments are performing well, then investing in Ethereum or Litecoin might be wise so that you’re not entirely dependent on a single coin for your success.

On the flip side, if Bitcoin is performing poorly on the market then you should try investing in one of these other coins instead.


In Summary

The cryptocurrency industry has exploded in growth in these last few years, but it’s also extremely volatile and complicated to get involved with.

If you’re not careful, it’s entirely possible that you could lose your entire investment overnight due to fluctuations in the market.

As long as you keep these tips in mind, though, this new industry shouldn’t be too hard to navigate.


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Pro Tips To Consider Before You Decide To Refinance Your Vacation




Refinancing debt is when you attempt to apply for a new loan or debt instrument. The goal is to get more favorable terms than you had with your previous contract, such as a lower interest rate or longer term. It’s a fairly common thing for people in debt to try and do.

Vacation refinancing occurs when you take out vacation loans from a lending entity, such as a bank, credit union, or credit card company. Then, you try to refinance that particular debt. In some instances, it may work in your favor.

There are a few factors that you should consider before you move in this direction, though. We’ll talk about some of them right now.


1. Lower Interest Rates

Refinancing isn’t typically very hard to do if you can find an entity willing to work with you. That’s true with vacation debt and debt stemming from other things as well.

However, it is never to your benefit to refinance if you can’t get a better interest rate. This is certainly the case with vacation debt refinancing. A lower rate should be one of your main priorities if you’re pursuing this option.

If you can’t find an entity willing to give you a better interest rate if you refinance your vacation debt with them, it’s not going to be worth your time.


2. Simplification

It’s also possible that you didn’t get a single loan, but that you spread out the costs of your vacation among a few different credit cards.

If so, you may want to refinance your vacation debt. In this scenario, you’re paying several different entities instead of one, which can get a little confusing. Maybe you have vacation debt on a few different cards with different interest rates and payment dates.

Refinancing can simplify paying back the money you owe from that vacation. Just like refinancing for other financial obligations, you can usually set up a system where you’re paying back only one lending entity, and you owe a set amount to them on the same day each month.


3. Compare Offers

A mistake that those with vacation debt sometimes make is taking the first refinancing offer they get because they feel like the terms are acceptable. Maybe they are, but it does no harm to shop around to see if you can find better terms.

It’s helpful to understand that many lending entities will want you to refinance with them. They can potentially make a profit from the deal from both interest and maintenance fees. Because of that, you’ll want to compare rates from different lending entities before you refinance your vacation debt with them.


Vacation Refinancing Can Be a Smart Move

Refinancing debt from your vacation may make sense from a financial standpoint. You’ll always want to compare rates from any companies that offer you this option. You might use a spreadsheet to see which one looks the most favorable.

You should also only refinance vacation debt if it will result in a lower interest rate on your debt. The least amount of interest you need to pay on your vacation debt over time, the better.

Simplification is one more factor that might go into this decision. If you have several entities to which you’re paying money stemming from vacation expenses, such as credit card companies, it can make your life easier to refinance with a single company. That way, you’re paying only one entity a set rate one time per month.

Refinancing vacation debt can often benefit you, and it’s certainly worth looking into for the reasons we mentioned.

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Out of office, home and away, moving up, moving on; when security goes AWOL




Steve Bradford, Senior Vice President EMEA, SailPoint 


The financial services industry has one of the highest rates of insider data breaches, costing on average $21.25 million in the past year alone. Whether it’s an employee acting with malicious intent, or through accidental data mishandling, staff have access to sensitive information and systems that make them a constant vulnerability. And this threat only escalates when staff go on the move.

With the summer holiday season upon us, thoughts will be turning to well-deserved time off, travel and downtime. However, for many, especially in the financial industry, the notion of waiting until the summer months to sample a new life was not feasible. In the period following Covid, the industry has suffered at the hands of the Great Resignation as burnt-out employees left for new roles. As a result, research from PwC suggests that financial services leaders have had to prioritise employee retention amid the swathes of staff exiting.

This exodus is not just a threat to the workforce itself. It also results in greater threats to resilience, security and compliance. Ensuring that the doors to the organisation’s data are appropriately locked behind them is vital whenever employees are on the move. When a staff member leaves a bank or financial institution, security leaders must ensure they have not inadvertently handed over the keys to the safe as a leaving present. Revoking any and all access and privileges to company data must be a priority.


Don’t leave the door ajar 

Disorganised, ill-managed and manually-processed access requirements and identity management protocols are an open invite for security breaches.

However, it is not just those leaving for good that pose a threat. Recently promoted your long-serving payroll manager to a longed-for role in financial oversight? That positive move could result in entitlement creep, where the permissions to data, apps, information and systems she enjoyed in payroll follow her to her new home.

Permission creepers are those staff who collect permissions and access rights as they go through their career, picking up credentials to systems and data as they go. Of course, to restrict the opportunities for hacking, insider threat or illegal or incompliant activity, permissions should only be granted when relevant and required for an individual’s job. However, too many companies allow permissions to creep by not taking a proactive approach to access. This can result in toxic permissions combinations, where employees are granted inappropriate access to the systems, making fraud and error far more likely.

Even a simple summer holiday can provide an open-door opportunity. We are all conscious about signaling to would-be home burglars that we are going away on holiday, and we will take steps to protect our property in our absence. The same principle applies to businesses with staff out of the office on vacation – potentially logging in from insecure locations or signaling to cybercriminals that their attention is elsewhere.

The results of leaving the door ajar are costly. According to the IBM Cost of a Data Breach Report 2021, the average cost of a data breach in the financial sector is $5.72 million.

Permissions creep, unrevoked access and unmanaged identity provide the perfect conditions for the insider threat to propagate. As Gaurav Deep Singh Johar, of the Information Systems Audit and Control Association explained, “While these challenges are present in any institution, insider threats pose a greater risk for banks. There is a big reputational impact, thanks in part to increasing regulatory oversight.”


Don’t let permissions security set sail into the sunset

Financial organisations are complex landscapes, with labyrinthine corporate structures and siloes that cast a dark shadow over access and identity visibility. However, identity security technology is moving fast. Now, automated systems powered by AI and machine learning mean that permissions can be automated and access granted on a need-to-know basis, based on individuals’ employment status, roles, and responsibilities.

An automated system will quickly track down and disable ex-employees’ accounts and automatically halt permissions creep as employees move about the organisation.

The same technology can now also be even more diligent than that, monitoring access requirements based on any change in the workforce, like people being out of the office.

The evolving variety and fluctuating workforce mean that the insider threat can only be met with automated, streamlined identity security that moves as quickly as employees themselves. Without intelligent, streamlined identity governance, banks cannot ensure they are in a state of compliance, nor ensure cybersecurity in real-time. They also miss out on opportunities to improve operational efficiency and reduce the risk of fraud and error. Automation also ensures the accuracy and completeness of data sets so critical for keeping on top of compliance and delivering critical services.

As financial workforces are on the move, home and away and to pastures new, now is the time for banks to give identity security its time in the sun. Do not let shifting sands collapse the walls around you. Wherever your employees are coming from and going to, robust security and sustained compliance start with automated identity management.


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