Search

Why High-Net-Worth Individuals need secure communications



A common threat to High-Net-Worth Individuals (HNWI) arises from the sheer amount of highly sensitive and confidential information involved in their affairs, whether in their business, their personal life or their finances. Due to the significant wealth and reputations involved, even seemingly mundane information could be used to cause serious harm.

Hacking of personal electronic devices especially the one device you carry at all times-your phone-could allow access to business, financial, medical, legal, and personal details that may enable someone to commit identity theft. It may further serve to grant them access to two-step verification emails, potentially providing access to banking, investment or other transactional accounts. The growth of personal wealth often calls for adjustments to lifestyle and for greater sophistication among HNWIs.

Secure communication is at the core of data protection; without encryption and authentication every single smartphone in your organization is a potential point of vulnerability. Due to the wealth of apps we all download and pour data into, our smartphones have become a reliable indicator of our lives, an extension of who we are.

Securing the communications of High-Net-Worth Individuals is something we are experts in at SecureCrypt. Most of our clients are HNWIs employed in the investment, consulting, entertainment, construction, financial, healthcare, banking, and technology sectors.

Why Having Wealth Makes You a Target

HNWIs need to recognize that with great wealth comes great responsibility. The rich and powerful have a legal and societal target on their backs. They can make that target somewhat smaller by dedicating significant amounts of their fortunes to philanthropy – by doing good since they’ve done so well. And by comporting themselves in public and private with dignity and restraint. However in the murky underworld, there are no hard and fast rules, there is no “perception of decency”. You are either are either protected, a target, or a victim.

Everyday new clients come to us after they have had their mobile devices hacked, looking for extra security. One thing they all have in common is that once we show them our security platform, they all say the wished they would have secured their devices with SecureCrypt beforehand. HNWIs should remember that proactive risk mitigation is always better than reactive firefighting.

Just because you’ve got “sophisticated” technology and access to 24/7 “security” doesn’t mean you’re invulnerable to cyberattacks.

Think for a moment about how careless teenagers can be about their digital devices, utterly transfixed by them one moment, unable to find them the next. Most kids aren’t overly conscientious about changing their passwords and acquiring special cyber protection. Cyber thieves prey on the children of wealthy families, knowing that a hacked tablet or smartphone could unearth family treasure.

If you’ve got a combination of a great deal of money and any Internet connected devices, you’re a massive target. And you should be taking extraordinary measures to protect your digital lives and financial security.

Clients who get hacked often lose more than money. They lose their reputations or see their company brands get decimated. Once a brand or a reputation gets soiled, it’s hard to un-soil it.

According to a 2017 study conducted by Campden Research in partnership with the international law firm Schillings, fully 68% of HNWIs have been the victim of at least one cyberattack. Even more alarming, more than a third of respondents indicated that they do not have a cybersecurity plan in place. To help you with the math, next time you’re out for dinner with another couple traveling in the same economic sphere, at least one of you has been breached.

Prominent, wealthy individuals always have a target on their backs. Whether it is a cybercriminal, a private or commercial adversary, or even a rogue government authority, many if not most HNWIs will experience attacks on their assets and sensitive information at some point.

To strengthen proactive risk mitigation and keep cybercrooks at bay, SecureCrypt uses a combination of data intelligence, proprietary and military-grade software, and other special tools that cannot be obtained at the commercial level.

Conventional identity theft prescriptions are not enough. Once an identity has been stolen, “monitoring” mechanisms do little to actively prevent a breach, hack or digital home intrusion.

Instead of attempting to define the prophylactic technology that firms like SecureCrypt employ, here is an analogy. When you climb into a luxury car and click on the seatbelt, you don’t think about the hundred and one things that the automaker put into that moment, from the safety of the keyless ignition, to the GPS equipment, to the tautness of the seatbelt, to the way the rearview camera engages, to the individualized inflation of your seat pads, to the tilt of the steering wheel and the way the seat is positioned, et al. You just get in the car and drive, secure in the knowledge that the technology will work to protect you.

SecureCrypt counts amongst its many clients, many HNWIs represented across all sectors (corporate, financial, media, entertainment, legal, government, healthcare, energy, investment, banking, technology, construction, development, and many more)

Luxury locations are a target for wireless spoofing

When you're traveling, you may find yourself using public and open wireless networks or hotspots to get online. But these networks are particularly unsecured, even when they require a password. Hackers are taking advantage of this fact and targeting luxury hotels and airport lounges where they know HNWIs will be using their laptops and phones.

SecureCrypt phones are completely immune to this type of threat. All of our WiFi, Bluetooth, GPS, and NFC sensors are disabled at the kernel level of our secure operating system. SecureCrypt uses a highly secured private, global APN and we control the breakout gateway to the wireless provider, which makes us a private mobile data provider. This is a very important distinction, and our competitors do not offer this feature. Communicate with ease and peace of mind knowing the same threats that apply to the general population do not apply to you since you are traversing a private mobile data connection, which others simply are not authenticated on, and cannot access. On-device private VPNs, and on-SIM private VPNs completely anonymize your connection to the wireless network, onto of the very extensive list of privacy features that we offer.

All of our security features are included with every SecureCrypt plan by default. We refuse to offer our premium, proprietary features at an extra cost, as we insist that every user who signs up should have the same level of security and privacy as the next user.

Recognizing and understanding the various ways in which you may be a target of cyberattack is an important step in protecting your assets. With this knowledge you can have a conversation with the professionals who are managing your assets to ensure they're properly equipped to identify and handle a cyber threat. You'll also be able to take your own precautions so you don't unknowingly make it easy for a cyber thief to target you.

If you have the resources to invest in enhanced security measures like secured communications, what’s stopping you?

22 views