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Why High-Net-Worth Individuals need secure communications

Updated: Mar 2

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 Wealth Makes You a Target

HNWIs need to recognize that with great wealth comes great responsibility. The wealthy and influential 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 and by conducting 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.

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 360 degree protection approach, which includes hardware based, memory based, application based, and cellular network based protections. Our Global Secure SIMs for example, run on our own cellular infrastructure; our secured core overlay network (SPLMN).

SecureCrypt Global Secure SIMs prevents any live Location Request from any global telecom, defends against IMSI Catcher/Stingray Attacks, DNS Manipulation Attacks, APN Redirection Attacks, Malware/Trojan Injection Attacks and much more.

Location Tracking Blocking

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.

SecureCrypt Global Secure SIMs an industry-first, prevents any global telecom like AT&T from tracking your location at any time.

On-device private VPNs, and SecureCrypt Encrypted SIM to Encrypted SIM communication completely anonymizes your connection to the wireless network. Combined with SecureCrypt phones having multiple IMSI, IMEI, and Mobile Network Identities ensures no telecom, or malicious state or non-state actor can ever learn your location, or intercept any of your communications.

Luxury locations are a target for wireless spoofing

When you're travelling, 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 in addition to SecureCrypt Global Secure SIMs is a very important distinction, and our competitors do not offer this feature.

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?


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