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What Are Digital Assets?

Digital assets are digital property that we own or have the right to use. These intangible assets are not always easy to recognize. Things like purchased MP3 files or digital video recording are easy to determine as digital assets. However, the term also includes virtual information like your usernames, passwords, and credit card numbers. These types of digital assets are especially valuable because they are related to your financial records and personal information. That’s why different types of digital assets benefit from the protection offered by a life monitoring platform.

Types of Digital Assets

There are several different types of digital assets that require the protection of a life monitoring platform. Purchased items typically have a predetermined value and are readily available. This includes things like music files, movie files, and computer programs. These assets are not unique and can easily be purchased on the open market. Therefore, these assets are unattractive to potential hackers.

However, personal assets including home movies and pictures are more valuable. These files are unique to their owners. Therefore, they have more sentimental value than they do monetary value. Additionally, owners of these properties are more likely to want them protected because they can not easily be replaced. This makes these digital assets liable to ransomware.

The final major type of digital assets is sensitive information. This includes information like your personal information, your financial accounts access information, your estate documents, and other unique information. If these kinds of digital assets fall into the wrong hands, it could lead to identity theft or monetary loss. Consequently, these assets require the most protection.

Life Monitoring Platform

A life monitoring platform is a secure location for your digital assets. You can use a life monitoring platform to store and manage your digital property and information. Life monitoring software encrypts data keeping it safe against hackers. The encrypted vaults protect your privacy online and consequently prevent against data theft. This makes a life monitoring platform an excellent location to store medical, financial, and other sensitive information. Additionally, you can arrange to have information released to certain people in the event of your death or incapacitation.

Digital assets are often overlooked because they are not physical property. However, in today’s digital world, many of our most valuable assets require protection from hackers and other online risks. Any information on unprotected computers, tablets, and phones is at risk. A life monitoring platform encrypts and protects sensitive information. This includes digital assets like your financial accounts access, your estate documents, your business documents, and your personal information. If you are looking for a way to protect your digital legacy, contact Legacy Armour today.

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