Beat Stress and Regain Control of Your Life

Life is busy: it can feel like you are continually spinning plates just to stay afloat, and it is this plate spinning act that can make it seem like life is out of control. So how can you reduce the stress and fatigue that you are experiencing? Here are 4 tips to help you regain control of your life and stop stresses in their tracks.

  1. Review your finances

Financial worries are the main cause of stress, but when was the last time that you reviewed your household budget? Create a spreadsheet that details your income and your expenditure. Chances are high that you will be surprised at where you are leaking money. Take lunch prepared at home to work and reduce the number of takeout coffees that you buy each week to reduce your spending. Review your utility bills and seek a better rate from other providers – be active in saving money. If you currently have tax issues from unfiled returns, rather than stick your head in the sand, take advice and seek a solution. A company such as mytaxlawyer.org can take the headache from you, and help resolve the stress that you are in.

  1. Say no

You do not have to keep saying yes to every demand that is made on your time. You do not have to accept every invitation, and that means saying no. Friends and family will understand if you decline invitations or requests for your attendance at events. Although initially they may be taken aback by your change in habit, sometimes you just need to say no, and in the long run, they will come to terms with this alteration. Instead, spend time catching up on chores and tasks that need to be completed. Spending time to complete your to-do list will reduce your stress levels, and free you from worry.

  1. Review your diet

In order to perform at your peak, you must fuel your body so that it is able to cope with the demands that you make on it – both physically and mentally. Try to avoid over processed food and make healthy decisions for your food and drink intake. Fresh fruit and vegetables are not only great for your body, but for your mind too. The more colorful your food options, the richer they are in the nutrients that you need to function at optimum performance.

  1. Take up a hobby

While this may feel counter-intuitive for someone that is lacking in time and feeling stressed, taking up a hobby is a great way to take time out. A hobby allows you to focus on something other than the issues that are causing your worries, and the benefit of taking time out is that you can revisit the issues but with a fresh perspective from taking a break. The small details that have caused you stress are reduced, and you can look at the bigger picture. If you are physically able, try and choose a hobby that requires some physical exertion – get the blood pumping, and you will benefit from the release of endorphins that are the body’s natural feel-good hormones.

To gain control of your life, you must be active in seeking solutions. Be kind to yourself and make your wellbeing a priority. Whether you have financial worries or feel that you don’t have time to be the best version of you, by being proactive you can regain control.

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The Benefits of Online Trading Platforms

These past few years have been very important for the development of cryptocurrencies. Many have even come to crown 2017 as the year of the Bitcoin as this topic has been at the forefront of discussions worldwide be it on the news, online, in magazines, among friends & family etc. Naturally, with the increased interest that this topic has been sparking many have decided to jump on the bandwagon and learn how to trade and invest online. There are many things that beginners must be aware of when it comes to trading cryptocurrencies such as the use of an online trading platform.

Essentially, this trading platform is a software that brings traders and investors together in one place and allows them to buy and sell their currencies and other financial instruments. There are many different trading platforms available and are predominantly offered by brokers either for free or for a minimum amount of trades per month.

These online trading platforms offer many benefits when compared to traditional brokers and financial dealers. For one, it’s quick and easy to use and secondly, they offer a number of educational opportunities to help investors learn more about dealing and trading a number of commodities, shares and currencies.

The added convenience of being able to access your online broker whenever you wish, be it day or night, is also another great feature allowing for more flexibility. Further advantages of online trading platforms include:

1. Ease of dealing

Gone are the days when trading involved calling a broker to arrange for purchases or sales. With online trading it’s all done in just a few clicks and it’s rare that traders need to speak directly with their broker.

2. Affordability

Online trading is very affordable, as more and more brokers are offering online trading, the costs of dealing has decreased considerably, thus allowing traders to benefit from greater income when successful trades are made.

3. Greater control

As previously mentioned, online trades can be conducted at any time day or night, allowing traders to choose when they choose to trade. Additionally, trading can take place via mobile device or laptop, allowing for even more flexibility and freedom and trading on the go.

4. Real time trading

Online brokers offer real time prices and an advanced interface, so traders can keep an eye on their deals at any time and get the most up-to-the-minute prices.

5. Faster transactions

Online trading is extremely fast. As soon as an account has been set up with an online broker, trading can take place immediately as long as sufficient capital is in the account. There are numerous online trading platforms out there, trading with IG offers all the above, plus the knowledge that you’re trading with one of the most popular and trusted online brokers on the internet. Make sure to spend enough doing due diligence and familiarizing yourself with online trading in general including the different trading strategies that are available to help make the most of your trades and have a better overall knowledge of the industry.

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How To Improve Your Mental Focus At Work

Staying on the ball at work is crucial if you’re going to complete tasks to the best of your ability and stay focused. If you’re feeling fatigued, low in mood, or under the weather, then you simply won’t be able to do your work as well as you usually can. It’s vital to take a day off when you’re ill, but you need to turn things around if you’re continually feeling physically tired and distracted at work. If this chimes with you, then know that you’re not alone and there are methods to try to combat these feelings. Staying mentally focussed is more achievable than you might at first think, our below tips can help you to begin improving how you cope at work and home.

Get Organized

Limit distraction and get organized to clear your mind at work. Firstly, arrange and clean your desk space from all items that don’t hold meaning or purpose. Remove clutter and anything which is broken or looks messy. If you’ve got a pile of paperwork that needs your attention, it’s time to sort it instead of putting it off. Make a concentrated effort to sort all work documentation and keep a well-organized file of all your pay stubs, your invoices, contract documentation and advisory literature. If you have a backlog of paystubs, you can save time and create them using a check stub maker. Avoid wasting your time, and company time, by being distracted by clutter and disorganization.

Avoid Distractions

This is easier said than done, but to stay focussed you have to have the mental power to stay on topic and avoid being distracted. Avoiding distraction might be as simple as working away from your friends in the team and moving to work in a more isolated space in the office. You should not be keeping your personal cell phone with you during work time, and especially during busy times when the most work is required from you. You should try and think of the cause of your distraction, and figure out if it’s because you’re anxious about something.

Stay Hydrated

You cannot afford to shirk on doing precisely this. You must stay hydrated if you’re going to improve your mental focus. Your brain is up to 80% percent water, so you must keep it topped up and ensure you’re drinking enough H2O to replenish your body’s stocks. Staying hydrated encourages you to urinate and pass toxins from your body also. Staying hydrated throughout the day is going to boost your mental focus, so give it a try before you do anything else.

Avoid Mid Afternoon Slump

Pay close attention to your diet, and in particular what you’re eating for lunch and breakfast. What you consume on your lunch break is going to affect your concentration levels after it’s over. If you’re eating a meal or snacks that are high in sugar, then you’re going to experience a sugar crash. Inevitably, what goes up must come down so you’ll hit a grouchy mood when your sugar stocks have depleted, and your blood sugar levels drop. To try and combat this, you should keep your blood sugars at a steady level throughout the day and avoid foods high in sugar and instead eat protein and carbohydrates. For a boost in mental focus, keep it topped up by snacking on things like almonds, carrot sticks, and edamame beans.

 

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How Can You Become An Instagram Star By Getting Lots Of Free Instagram Likes 3 Ways

 

Instagram is a mobile app that allows people to follow you and lets you follow other people to see what they have been up to. It also allows people to like and comment on posts. Depending on the number of likes and posts that you get, you can get quite popular on Instagram.

Being popular on Instagram has its advantages. That is why some people want to be famous on Instagram. For instance, you can use your account to make money. If you want to become famous on Instagram, here are some things that you can do.

1.      Set your account up for success

Come up with a catchy name for your account. This should be a name that is easy to remember. It should also be a reflection of your personality.

You should also have a high-quality profile picture. A lot of people will not want to follow an account with no picture. A poor quality picture will also put people off.

Write an interesting bio which will draw more people to you and make them want to follow you.

Your account should be public and not private. This will allow more people to follow you freely without first having to request you for permission.

Choose a theme for your account. People who are interested in your theme will follow you.It helps if you can get into a niche market and post photos that people cannot easily find anywhere else.This will ensure that the people who follow your posts stick around.

2.      Develop community

 

Keep your account active by regularly following other people, commenting on their photos and replying to comments on your posts. This will increase chances of you getting a lot of free Instagram likeswhenever you post.

 

Keeping your followers engaged will help you to build a relationship with them. Also, posting on aregularbasis will help people to remember who you are. If you don’t post often, people will forget you.

3.      Tell an interesting story with your photos

Tell an ongoing story with your photos. Leave your followers wondering what will happen next. This will get them coming back for more and more.

Post photos that your followers like to see. You can get a clue to this by observing which one of your posts gets the most likesand then post more photos like it.

Post quality photos on your feed. Practice how to take good quality pictures since people mainly want to see good photos. Add interesting and relevant captions to these posts.

Avoid posting text images and screenshots since most people don’t find them interesting.

Conclusion

It takes a lot of hard work and dedication to build up followers on Instagram, so when you get started, brace yourself for the action and be patient and you will start seeing results. You’ll have a lot more fun with your account if you have a lot of followers than if you have only a few followers.

 

Bio

Andrew is a freelance content writer. He has written many good and informative articles on different categories such as technology, health, fashion, beauty, education, career, travel etc. He is very responsible towards his job. He loves to share his knowledge and experience with his friends and colleagues.

March 18, 2018 at 6:47am
A TRIO OF MUST-HAVE GADGETS FOR INVESTORS Whether you’re a newbie to the world of investing or have been dabbling in the stock market for some time, you likely find yourself checking your portfolio at least once a day; after all, you want to find out if your making money, #stocks, https://t.co/anQ6rFVEiG


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Beat Stress and Regain Control of Your Life

Life is busy: it can feel like you are continually spinning plates just to stay afloat, and it is this plate spinning act that can make it seem like life is out of control. So how can you reduce the stress and fatigue that you are experiencing? Here are 4 tips to help you regain control of your life and stop stresses in their tracks.

  1. Review your finances

Financial worries are the main cause of stress, but when was the last time that you reviewed your household budget? Create a spreadsheet that details your income and your expenditure. Chances are high that you will be surprised at where you are leaking money. Take lunch prepared at home to work and reduce the number of takeout coffees that you buy each week to reduce your spending. Review your utility bills and seek a better rate from other providers – be active in saving money. If you currently have tax issues from unfiled returns, rather than stick your head in the sand, take advice and seek a solution. A company such as mytaxlawyer.org can take the headache from you, and help resolve the stress that you are in.

  1. Say no

You do not have to keep saying yes to every demand that is made on your time. You do not have to accept every invitation, and that means saying no. Friends and family will understand if you decline invitations or requests for your attendance at events. Although initially they may be taken aback by your change in habit, sometimes you just need to say no, and in the long run, they will come to terms with this alteration. Instead, spend time catching up on chores and tasks that need to be completed. Spending time to complete your to-do list will reduce your stress levels, and free you from worry.

  1. Review your diet

In order to perform at your peak, you must fuel your body so that it is able to cope with the demands that you make on it – both physically and mentally. Try to avoid over processed food and make healthy decisions for your food and drink intake. Fresh fruit and vegetables are not only great for your body, but for your mind too. The more colorful your food options, the richer they are in the nutrients that you need to function at optimum performance.

  1. Take up a hobby

While this may feel counter-intuitive for someone that is lacking in time and feeling stressed, taking up a hobby is a great way to take time out. A hobby allows you to focus on something other than the issues that are causing your worries, and the benefit of taking time out is that you can revisit the issues but with a fresh perspective from taking a break. The small details that have caused you stress are reduced, and you can look at the bigger picture. If you are physically able, try and choose a hobby that requires some physical exertion – get the blood pumping, and you will benefit from the release of endorphins that are the body’s natural feel-good hormones.

To gain control of your life, you must be active in seeking solutions. Be kind to yourself and make your wellbeing a priority. Whether you have financial worries or feel that you don’t have time to be the best version of you, by being proactive you can regain control.

Checkout Unique Finance and get a bonus from me.

Telegram Founder: Crypto Mining Malware Not An App Flaw

 

 

There was a report by  that the attackers had discovered an exposed backdoor in Telegram Messenger, this vulnerability helped the attackers unknown to the owners turn computers into cryptocurrency miners.

These clandestine crypto mining operations had been going on since March 2017 reported Kaspersky Labs, the company that discovered and exposed the cyber attacks. Kaspersky also said a zero-day vulnerability in the Telegram messenger desktop app gave the attackers the ability to create and spread a never before seen the type of malware that could create a backdoor Trojan and also mine cryptocurrency.

 

A Kaspersky lab analyst said they had found quite a number of possible actions of the zero-day exploitation which asides from being spyware and malware, could also send unknown and unseen software for mining cryptocurrency, and that infections like that had become a global phenomenon.

Here is a little insight into the operation of the Telegram vulnerability; there is a way the Telegram Windows client deals with the RLO (right-to-left override) Unicode character (U+202E), in that process lays the vulnerability. However, that RLO Unicode Character is how languages are written from right to left (like Hebrew or Arabic) are coded. Kaspersky’s report states that a hidden RLO Unicode Character contained in the file name that flipped how the characters were ordered, thereby giving the file a new name was how the malware creators got access to computers. Like in this example, an attacker names a file “IMG_high_re*U+202E*gnp.js” and sends to someone using the Telegram messenger, the file seen at the User’s end will be “IMG_high_resj.png” (notice how a flip has happened to the file format), the user then clicks on the file thinking it is a picture file, then a JavaScript file containing the malware would be secretly downloaded.

                                                 Founder of Telegram

 

However, the founder of the Telegram application did not waste time in deemphasizing the allegations. He is of the opinion that antivirus companies always do the most at stretching the severity of their results, just to excite the public, and as such, should not be taken seriously. He also rebuffed Kaspersky’s claim by explaining that what they uncovered was nothing near a vulnerability of the Telegram messaging app, and also that there was no way cybercriminals could gain access to users’ computers without the users opening something malicious. He further assured Telegram users that they were safe and had always been safe.

According to Kaspersky, Fantomcoin, Monero, Zcash and other cryptocurrencies were acquired, and according to the evidence they had, Russians were behind the malware, and also that it could be used as a backdoor for hackers to gain access and silent control of users’ computers. Records of a Telegram local cache which most likely was stolen from victims was found in the process of doing their analysis of malicious servers.

One sure way to guard against such attacks is to avoid downloading and opening suspicious files from untrusted and unknown sources, as that suspicious file could be a portal for attacks.

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Tips for choosing the right workout equipment

There are many people who do not like stepping out of their home and visit a gym yet the wish to stay fit and maintain proper shape. Though workout is mostly done in a gym or under the open sky, you can also practice regular workout in your home. Workout in the home can be done with and without equipment. Here, in this article, we are sharing some important tips that you must keep in mind while you are workout equipment for your daily workout session at home.

  1. Know your workout preference: While choosing gym equipment for your home workout session, the first thing that you must do it is know your workout preference. If you are someone who likes practicing yoga, equipment like yoga mat is perfect for you as for yoga you do not need any machine.
  2. Take a proper measurement: While purchasing gym equipment it is necessary for you to take proper measurement of the space where you are planning to place your gym machines. It is a good idea to measure the space before installation of machines as it will make sure that you are purchasing equipments which are suitable for the space available. When go for purchasing, ask the seller about the measurement.
  3. Try out the equipments yourself: It is always a wise idea to try out anything before you make up your mind for purchasing it. When you test drive anything, you get know all the flaws and the benefits of that particular thing. One must only purchase an item when he or she is comfortable in using it.
  4. Fitness goal: Once you decide about purchasing a gym equipment for your home gym make sure that you know your fitness goal in advance. If you want to lose weight fast, a treadmill will be beneficial. However, if you want to gain strength you should go for more muscle building equipment. One must choose a fitness equipment which will suit his or her needs. Check here for more information about fitness equipment.
  5. Budget: When it comes to purchasing anything , budget plays an important role. When you decide on purchasing anything you should keep in mind the amount that you are willing to spend for purchasing that particular thing. Generally, one must not spend a huge amount on purchasing workout equipment for home. However, you must also avoid purchasing very cheap equipment as well.

 

 

Some  other things that you must keep in mind while purchasing workout equipment:

  • Before you purchase any equipment make sure you do a proper online research about all the equipments that can be used for home workout. You will also find many equipments that are multifunctional making them perfect for home workout as they save a lot of money and space.
  • When you plan on purchasing home workout equipment, go for equipments having long term warranty. If you do not find any such product, extend the warranty period as will cost you less as compared to repairing.
  • When someone is planning to skip the gym and workout at home instead, some equipments like exercise balls, mats and videos prove to be very beneficial. As you are working out at home, you will have no instructor, a video can help you in such situations.      
  • So these were some of tips that you must keep in mind if you are planning to purchase a workout equipment.   

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Why Do Businesses Need to Support the Application of Cloud Computing

Cloud computing enables a business to manage their computing resources online. In the end, most companies will have to move their applications to the cloud. So we remain with the question, why are most businesses migrating to the cloud? Reason being cloud computing is essential. An organization through this gets an opportunity to host their data centres, processes and applications online. Moreover, cloud computing improves cash flow, efficiency and others as discussed below.

  • Environment-friendly and low on cost

Cloud Computing assists in storing the data centre, processes, applications and the entire data system with no harm or interruptions to the environment. More so, it aids in making transactions, uses high and cooling systems so that it does not get the overheated. Besides, electricity energy used will be lower thus saving the cost.

As the organization expands, there will be no more investment in hardware or software infrastructure. With the help of cloud computing, the costs of developing and maintaining this infrastructure will be reduced. Thus cloud computing will be saving the business on costs.

Having an ability to do business without any boundaries is one of the major advantages of cloud services. You have access to your applications and data and is also available to all authorized users from anywhere where there is Internet access. In the case where your business is ever on the go, in other words, its mobile, then you require cloud computing to run. With this, you are free to get your information and access all your data from any place worldwide anytime.

Cloud services are ideal for businesses that have high demands for growth and fluctuations. The swiftness level of cloud capacity in such a way that it can be scaled in case of increase or decrease in needs can give a business a significant advantage compared to its competitors.

 

Cloud Computing ensures an e-commerce application caters to the changing demands of the market. Scalability is an essential characteristic of cloud computing. What makes the cloud useful is its ability to increase and reduce the demand on infrastructure resources. With the help of cloud computing, you can focus on building the infrastructure for success other than being worried about whether your in-house infrastructure can handle the constraints of success.

The loss of laptops and computers leads to a loss of a billion dollars in organizations. With this loss, sensitive data inside the devices will also be lost in the process. Cloud computing gives you excellent security in case this occurs. You find that all data you provide is stored in the cloud of which you can access it anytime. Also, data in the laptop can also be deleted in cases where you don’t want it to get into wrong hands. Stored data can only be retrieved by the reliable owner or any other user allowed the by the owner to get access. Otherwise, the data enclosed is kept private.

The more employees you have in your company the more control you require on documents. Literally, before the use of cloud, you would find that employees had to send files back and forth as attachments on email to one typical user at a single time. Usually, you would end up with entirely different contents, titles, and formats.

When you use cloud computing, all the files will be stored in a central point where every person will be able to access, make changes visible to all. Great visibility will, therefore, mean there is better work in the company and the bottom line is healthy.

  • Softwares update automatically

The other benefit of cloud computing is that the servers are out of sight and don’t have a maintenance cost. Suppliers will take care of them for you and roll out regular software updates, for instance, security updates so you don’t have to be worried about time wastage and maintenance of the system yourself. Leaving you off to cater to the things that matter for example growing your business.

The business performance is susceptible determined by the IT systems performance that supports that business. If the rate of interest or some other fundamental input changes, the insurer that can have the ability to update its systems faster than its competitors has an advantage, which will manifest itself in the bottom line

Cloud computing has promised on the speed of delivery that the business requires, but can it also give adequate control? One way to avoid the unexpected dangers of speed without control is for companies to select partners who are reliable to work with.

 

Despite knowing data security as an aspect of cloud computing, most people do not know that data recovery is even a benefit of opting for cloud computing.  You can back up your data on different storage and be sure to get it safe even if something wrong occurs.Have you moved to the cloud already? If not, it’s advisable to make some efforts. Application of the cloud computing helps the growth of your business in many ways as discussed. Data stored is safe and can be retrieved at any location. With the cloud, you feel more secure than before as your information is private.

 

 

 

 

 

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Want to Sell More Products Then Make Them Easier to Find!

 

 

Have you ever wondered why some online shops seem to have incredible success with their sales, while others just can’t seem to convert? Is your e-commerce store one of the latter? If so, it’s highly likely that the reason has very little to do with how much traffic you have. In many cases, the problem is simply the fact that potential customers aren’t finding what they’re searching for.

 

What Does that Mean?

To be fair, that statement actually covers a lot of territory. I don’t want to be vague about this, so let’s look at a few of the reasons that visitors to your site don’t find what they want.

  1. You don’t offer what’s trending.

    One of the keys to success with a web store is knowing what’s popular and when. Buying trends on the Internet change regularly, based on several factors, including other people’s marketing. Knowing what’s popular with your visitors means you can capitalize on those trends by optimizing your product visibility. Not knowing means those visitors that do find you won’t stay long.

  2. Your inventory isn’t optimized for the visitors you’re getting.

    Traffic generation shouldn’t be a haphazard process, nor should selecting the products you plan to sell. How you decide to target your traffic campaigns and adjust your merchandising depends on many criteria. Without data and a way to analyze it, there’s not really a good place to start.

  3. You stock the right products, but people don’t find them.

    Notice that I didn’t say “can’t find them.” That’s an important distinction, because your visitors won’t waste time using a site search engine that doesn’t locate what they want quick. They also don’t want to bother with looking through all the items in your collections to locate the right one.

    Today’s internet shopper expects instant gratification. If he or she doesn’t get it from your store, getting back to the search results that brought them to you is only a matter of a few clicks at most. You don’t have a lot of time to show them the right items.

How do You Solve This?

So, you see, the bad news is that no matter how little competition is out there for your shop, if a shopper finds it faster somewhere else, you’ll probably lose a buyer. The good news is, there’s a lot you can do about it. The GREAT news is that there’s a fantastic, simple, add-on solution that can help with every aspect of the process.

 

Let’s start with the good news.

If you want to get the right products in front of the right people, there are some important steps you can take to accomplish that:
  1. Target the right audience.
  2. Monitor buying trends.
  3. Give your visitors an effective, intuitive on site search engine.
  4. Gather data about your customers’ search behavior.
  5. Analyze the data.
  6. Stock popular products.
  7. Place the most search-for products prominently.
  8. Suggest related products.
  9. Make purchasing simple.

That probably sounds like a lot of work, and the fact is, if you have to do all of the above on an individual basis, it is. That’s where the great news comes into play and it’s all about one incredibly simple addition to your store:: Site Search

 

About the Solution

You’re skeptical about that last statement, aren’t you? I get it and I don’t blame you. There are a lot of so-called “all-in-one solutions” out there. I’m about to tell you why this one is truly different and let you decide for yourself. Ready?

 

It’s platform-independent.

First of all, Site Search isn’t going to make you switch e-commerce solutions or even worry about making changes to the way your current one works. It’s a custom application that runs as a CSS and Javascript overlay for your existing CMS. If you don’t understand all those terms, don’t worry; you don’t need to. The important point is that this app integrates seamlessly with whatever platform you’re using, because it’s created specifically for it. It can even be custom-configured to work with a non-standard e-commerce program.

 

It works like a website search.

Well, technically, that’s exactly what the front end is. It’s not like the others, though. This application brings a fresh new shopping experience to your visitors. It learns as people search and builds a comprehensive suggestion database.  As users type, it delivers related searches that can be clicked on at any time to save time. Because it’s cloud-based, it does all this with incredible speed. It’s optimized for mobile clients, too.

 

 It works in the background for you.

While you’re delivering an optimal shopping experience for your visitors, Site Search will be collecting valuable data from all of their interaction with the search engine and your site. You can access that information at any time, in your private dashboard, where you can run one-click analyses. You then use the analytical info to tailor your promotions, product placement, inventory and even fine-tune the application to increase your conversion rate.For all its outward simplicity, this app is one of the most sophisticated tools you can add to your e-commerce site and it will make a difference from the first day you put it into operation. There’s not a better site search tool or merchandising aid available.

 It won’t overtax your server.

Perhaps the best feature of this innovative tool is the cloud-based operation of all the functions. It won’t place any additional load on your web server, so your site stays fast and you don’t get into hot water with your hosting service.

 It’ll be up and running in no time.

 On average, integration time with your site is about 2 hours. Remember, there’s no need to make core programming changes to the platform, so there isn’t any need to worry about site crashes or major service delays.

 

See for Yourself

As I mentioned, I understand the skepticism behind all of these claims, so I’m going to leave most of the convincing to the app website. The developers at Fast Simon have created a great resource to tell you all about it. If you’re interested in increasing your bottom line with an incredibly easy-to-use, powerful tool, take a look at Site Search

 

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The Impact of Cyber Attacks on the Banking Industry

 

There have been increasing numbers of cyber attacks reported in recent years across all industries and it is costing the United States an absolute fortune in cyber security. Obama announced that $19 billion  was to be dedicated to the ongoing fight against cyber criminals, highlighting the gravity of the threat it now poses to businesses and even households.

In 2016 there were widely reported attacks on PayPal, Twitter and Spotify to name a just a few of the big companies that have been targeted. The number of cyber attacks across the world is increasing and businesses are spending more and more money in deterring the crime.

Banking Sector Most at Risk

Of course, the banking sector is one of the industries that are most at risk, given the nature of the data that they hold. This means that banks have had to dedicate significant funds on developing their digital infrastructure to strengthen their cyber security. The banking world has long been seen as a very profitable industry and for many banks that still remains to be true. Investment banking experts like Fahad Al Rajaan demonstrate that the banking sector can still be a very effective way of making money. It is therefore vital that banks are protected from cyber-attacks.

Preventing Cyber Attacks

As well as spending more on software to reduce the chances of an attack, companies now spend more on resources dedicated to preventing cyber-attacks. This means that extra IT personnel are required, extra training for all staff and more resources allocated to analyzing their cyber security and performing risk assessments.It also means that more robust policies and processes must be introduced. This can vary from developing and delivering online training for staff to raise awareness about the risks of cyber security, to employing a whole team of experts to audit the processes. It is certainly becoming a very costly affair.

Cyber attacks not only cost businesses from the initial financial sting, they are also impacted by the reputational damage that the attacks can cause for years to come. If somebody feels that their money isn’t safe with a bank, then they are likely to close their account and go to another one that they feel will protect their money better. The more publicity that a cyber attack attracts, the higher the reputational damage will be.As mentioned before, the government is committed to driving down and eventually eradicating the threat of cyber attacks. Greater cyber security laws are being ratified and harder punishments will be a deterrent for many would-be cyber criminals.

 

Finding a Solution

It is unfortunate that such huge amounts of money are being spent on cyber crime, both by the government and by businesses. Until a solution is found, it looks like this trend will continue and the threat of cyber attacks will dominate how businesses setup their IT structures and policies.

 

 

 

 

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