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FIRST ACCESS to Nadeem Walayat’s Analysis and Trend Forecasts

Industries that Require Secure Messaging Apps

Companies / Cyber Crime Nov 26, 2020 - 12:03 PM GMT

By: Sumeet_Manhas


In today’s globalized world, information has become its own form of currency. Due to the interconnected nature of how we work, play, and communicate, data security is now a major concern.

Whether you’re a business owner or someone who regularly communicates over the internet, there is simply no room for complacency.

Hackers and thieves utilize information stolen from our communications for their own nefarious reasons - these can range from credit card fraud to outright identity theft.

One example of a major security breach can be seen by the 2018 SingHealth database breach. During the attack, hackers gained access to the health records of nearly 25% of Singapore’s citizens including that of Prime Minister Lee Hsien Loong. 

This case illustrates the need for bulletproof security procedures for both private and government entities. With data being a top commodity in today’s world, you need to take measures to protect what’s yours.

Here, we take a look at 4 key industries that have a need for secure messaging apps.

1. The healthcare sector

Medical professionals and healthcare providers are required to collect and store a myriad of sensitive information related to their patients. This includes information related to their health and fitness along with any pre-existing conditions that they may have.

In the wrong hands, this information can compromise an individual and potentially leave them vulnerable to blackmail. Because of this, medical professionals need to take precautions when communicating with their patients.

A secure messaging app ensures that all sensitive information is kept secret and out of the hands of cyber criminals. Additionally, using a secure messaging app for all communications ensures that the healthcare provider remains compliant with all HIPAA regulations.

2. Banking and finance

Banks and financial institutions routinely handle trillions of dollars in transactions on any given day. Besides that, traders, bankers, executives, and managers are usually privy to sensitive information that if mishandled could result in serious compliance issues.

Data breaches of any kind could lead to investigations and heavy financial penalties that could literally break the bank. With agencies keeping a close watch on these industries, it’s always better to be safe than sorry.

Secure messaging apps provide an increased layer of protection and will undoubtedly contribute to a stronger culture of compliance.

3. Logistics

The logistics industry is the lifeblood of any economy. The supply chain ensures that goods are safely transported from one point to another - all whilst still being cost-effective.

Whether freight is being transported by air, sea, or land, security will always be a major concern. From contract details to supply chain routes, preventing sensitive information from being accessed by outside parties is key to a smooth operation.

For example, deliveries of high-value cargo such as cash to banks or bookmakers are a favourite target of robbers. Unsecured communications can expose security personnel and other staff members to unneeded risks caused by data leaks.

A secure messaging app ensures that communications along the supply chain cannot be intercepted. Thus helping to reduce the risk exposure of all innocent parties involved.

4. The legal industry

Lawyers provide vital legal advice that can have extremely far-reaching effects for their clients. They are also entrusted with safeguarding vital information that is protected under attorney-client privilege.

In the event that such information is leaked, this can severely affect a lawyer’s reputation and compromise an ongoing trial. 

All of this is why professionals in the legal industry would find secure messaging apps extremely useful. Such applications allow for them to communicate quickly and securely with their clients with minimal fuss.

Secure messaging represents the future of all communications. In the long-term, we can expect secure messaging apps to play a much larger role in the future.

We recommend Tezro app, a fully encrypted message app that also is very useful for people using cryptocurrency. Click here to know more about cryptocurrency trends:

By Sumeet Manhas

© 2020 Copyright Sumeet Manhas - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

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