Technology has been known to be very disruptive factors in many industries. What usually happens is that new innovative techniques involving intensive usage of technology take an industry by storm. The different industry players react to this very differently, some embracing the changes and thriving while others stick to their old ways and usually suffer because of it.
The financial services industry has been acutely affected by the proliferation of sophisticated technology. Traditionally, you would have to meet with a financial advisor in person during business hours to come up with a plan and to set up accounts. You would then have to go through a broker who would execute the necessary trades.
But in the era of technology, this has all been turned on its head. You no longer need to venture out of your house to sort out your finances if you don’t want to. Not only that, but you can monitor your finances at any time that is convenient for you.
At the same time, our increasing intimacy with technology might bring about a few unintended consequences. Dealing with our information online so frequently runs us the risk of being exposed to unscrupulous and nosy third parties who are looking for easily obtainable information. The people would love nothing more than to know your bank account and routing numbers so that they can either use it themselves or sell it to the highest bidder. For those living abroad, it is often difficult to access what is now overseas accounts. This is due to many reasons, one being security as aforementioned.
What A VPN Is For
In instances which online access to accounts is blocked, many people turn to the services of a good VPN. When browsing the internet, especially for the use of financial services, many find it beneficial to make use of a good VPN subscription that can be key to protecting your important personal information. This ExpressVPN review breaks down why this is one of the top rated VPNs for all types of services which might be geoblocked.
A good VPN has a few main features. The most important one for this discussion is the encryption system. What the encryption system basically does is it covers all exchanges coming in and out of your activated device and scrambles the information with the encryption system. The information is then unscrambled once it reaches its destination.
Now, the encryption system does not actually mean that your exchanges will be protected from interception. But what the encryption does do is to make the efforts of hackers completely wasted because all the exchanges they intercept from you are going to still be in their scrambled state. The data will be of no use because it cannot be interpreted without the identical encryption system.
Another main feature of a good VPN service is the provision of alternate IP addresses. What you would after you have installed and activated the VPN service on your device, you can head to the IP address section of the VPN page and there will be a whole list of alternate IP addresses that you can pick from.
Go Undercover By Changing Your IP Address
Once you have locked in your selection, the VPN will proceed to reroute all exchanges to and from your device through one of the servers that it has in the location you have chosen. What this does is it gives off the impression that you are living at the location of your alternate IP address.
One of the ways you can gauge the effectiveness of the alternate IP address feature of your VPN is too pay attention to the ways you are treated by websites and other outfits online. If the rerouting is thorough enough, you will be treated as if you are in that IP address you chose.
You might be even shown ads that are specific to the region you have chosen. For example, if you are living in the Midwest and choose an alternate IP address location in the South, you might be shown ads regarding businesses specific to the South such as Waffle House even though you only have IHOP where you live. So, if you see something like that happen to you, know that your VPN is doing a good job.
VPNs Helping You With Your Banking
With the purposes of securing personal information during online banking, the most important feature you would focus on is the encryption protection. This is because that feature is what ensures that you will not lose your private information to bloodthirsty hackers who care not about how their exploitation’s affect you and those around you.
Everything from your bank account numbers to your routing numbers to your ATM pin are somewhere on the internet if you have an online bank account set up. Someone or something is holding that information safe. But once you try to access your account and have to type in your username and password, that is when hackers can strike, and they will come at you with everything they have.
But with the encryption protection provided by the VPN, this will no longer be a worry. This is because the information will be scrambled by the encryption program when it is on route, so that if it does get intercepted by someone who was not meant to see it, they will be sorely disappointed at what they got.
And in a world where we are relying more on the use of technology, the amount of information we enter through our devices is quite concerning if we do not take the necessary steps to make sure that this information is only seen by those who were meant to see it.
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Source: https://www.escapeartist.com/blog/access-your-online-investments-no-matter-where-you-reside/