Digital assets are spoken about regularly since the rise of cryptocurrency and web3. Users are utilising digital assets for a variety of reasons including speed, safety and efficiency. As the world evolves, companies and individuals are becoming more reliant on digital over phsyical assets and need to ensure their assets and safe and protected.
Hacks are incredibly common within the blockchain industry and therefore, we all need to be very aware of the risks attached and be vigilant with protection. Amulet offers smart contract cover for 13+ protocols built on Solana. As the world adapts more to web3 technology, Amulet will grow in stature and look at options to protect as many web3 users with digital assets as possibe.
Amulet’s protection of digital assets is focused on money and cryptocurrency. Digital asset is a much broader term and could be expanded to online content, such as this blog post, consumer data, customer lists, logos, design etc. Protection is important throughout, particularly when dealing with information that contains personal data and company assets (such as logo) due to the implications if they are stolen. If these assets are unprotected, they can easily be replicated without prior consent which could cause future problems for users or companies.
Here is our blog with 5 strategies that individuals and companies must use to improve security, safety and protection with their digital assets:
#1 – Regularly Backup Your Files
One of the essential strategies for protecting digital assets is regularly backing up your files. This means creating copies of your digital assets so that if something were to happen to the originals, you would still have access to them. Backing up files can be done manually by copying and pasting the files onto an external hard drive, or it can be done automatically by setting up a program that will back up your files at regular intervals. This ensures that if something were to happen to the original files, you would still have access to them. With regards to cryptocurrency and web3 wallets, it’s super important to backup elements like keypasses and word phases to ensure you don’t lose out on those assets stored.
#2 – Protect Your Copyrights and Trademarks
This strategy is aimed more at companies rather than individuals. If you have unique digital assets such as product design or a whitepaper, it is possible to protect your copyrights and trademarks. This means registering your original works with the appropriate country that you are based in. Doing so will ensure that your original works are legally protected and that no one else can use them without your permission.
When registering your copyrights and trademarks, you must be as specific as possible. This means providing detailed descriptions of your work, as well as making sure to provide all relevant details, such as the date of creation, the name of the creator, and any other relevant information.
#3 – Include Digital Consideration Clauses in Your NDAs
Another strategy aimed at business owners or individuals on a professional basis,. Non-Disclosure Agreements (NDAs) are documents used to protect confidential information from being disclosed to third parties. A digital consideration clause is an essential addition to any NDA that should be included to protect digital assets.
A digital consideration clause should include provisions that protect the digital assets of both parties. This includes the right not to disclose confidential information, the right to use the digital asset for only the purposes stated in the agreement, and the right to take legal action if the digital asset is misused.
#4 – Utilise Digital Asset Management Software
Digital asset management (DAM) software is a powerful tool that helps organisations to organise, store, and manage their digital assets. By using DAM software, organisations can better organise, store, and manage digital assets such as images, videos, audio, documents, etc. This software can help organisations keep track of their digital assets, making it easier to find the right asset when needed.
DAM software can also help organisations protect their digital assets from unauthorised use or theft. The software can set up access controls, such as who has access to the asset and when. This helps organisations better protect their digital assets from usage by outside parties.
#5 – Use Firewalls and Antivirus Software
Firewalls and antivirus software are vital components for any user or organisation’s security systems. Firewalls are a barrier between the organisation’s computers and the internet, preventing malicious software from entering the network. Firewalls can also block traffic from suspicious sources or protect sensitive information from unauthorised users’ access.
Antivirus software is also vital for protecting an organisation from malicious software. Antivirus software scans incoming files for known malicious code and can quarantine or delete the malicious files. Antivirus software can also check the computer for malicious software that may already be installed.
Conclusion
Companies and individuals must use whatever means necessary to protect their digital assets because of the threats posed by malicious software, hackers, and other malicious actors are increasingly sophisticated and damaging. Many methods are available, so it is only a matter of knowing what suits them best. All that matters is that organisations have the right tools to protect their data, networks, and systems.
Individuals and companies who have financial digital assets on Solana protocols can also purchase our web3 cover to protect against any hacks. Our MainNet has been LIVE since September 2022 and we’re providing the utilimate safety net for these users. Ensuring that any eligible events would be protected via a payout should a malicious attack occur.
Get started on Amulet today: app.amulet.org