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Inadequate Password Complexity Policies

Some online services have lenient password complexity policies, allowing users to create weak passwords easily. This poses a security risk: Reduced Security: Weak password complexity policies make it easier for attackers to guess passwords or use dictionary attacks. False Sense of Security: Users may perceive their accounts as more secure than they actually are when allowed to create weak passwords. To overcome this challenge, organizations should enforce strong password complexity policies that require users to create passwords with a blend of upper and lower case cultivations, numbers, and special characters. Additionally, they can encourage the use of multi-factor validation (MFA) for an added layer of security. Lack of User Education Many users lack awareness of password security best practices, leading to suboptimal password choices: Weak Password Creation: Users may not understand the importance of strong passwords or how to create them. Limited Awareness of Risks: ...
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Four alternatives to send remittances in an accessible way

As digitization advances, sectors such as financial show an evolution in their ecosystem which is focused on offering a better experience to each user by making use of different technological tools.

Greater ease, comfort, shorter times and low costs are some of the benefits provided when making transactions to and from other countries.

The adoption of these tools directly facilitates money transfers and contributes greatly to the democratization of access to the digital world.

According to figures from the World Bank (WB), the amount of money sent abroad with mobile technology increased 65% in 2020, to reach US $ 12.7 billion; while, the estimated cost of transferring remittances to Latin America and the Caribbean in the fourth quarter of last year was 5.6%.

Currently, there is an important transformation in the sending of remittances, which translates into greater practicality in the procedures for each user.

The CEO of Global66. Tomás Bercovich, explained that there are various options that allow sending money to other countries in a more economical, secure and instantaneous way.

1.- Bank transfers.  This alternative is backed by a banking institution and allows you to send large amounts of money. The commissions for individuals depend on the origin of the funds, and you may have to pay taxes in some countries such as Spain and the United States.

2.- Association of bank accounts to online services.  Some online services offer the option of linking the bank account and reloading money on their platforms, in addition to having a card with a balance that can be used to withdraw currency at ATMs.

3.- Sending cash.  This is the most traditional way of sending money to other countries. The cash service is provided from thousands of offices around the world and commissions are applied to users.

4.- Online money transfers. This option is where technology has come to stay and offer greater savings on shipments.

With platforms like Global66, people can make an international transfer online from their home to any other country with no hidden costs and at the current exchange rate.

 

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