Archive for August, 2009

How to Protect Your Laptop – From Theft and Data Loss

August 13th, 2009
laptop23 How to Protect Your Laptop – From Theft and Data Loss



The Frightening Truth:

Laptops have become one of those devices that is quickly going, and in some cases, already quickly gone from something that only techies or high level business people owned to something that even a poor college student finds a way to afford.  This is simply that our lives become wrapped around these objects.  Think of the cell phone.  Ten to 15 years ago it was again only the techies or important business people that owned a cell phone.  Now even elementary school kids have them so parents can be in constant contact when necessary.

We all have had the moment when we though we had misplaced our cell phone.  Imagine losing your laptop.  Not only is it a fairly significant expense, but think of the data you have on there.  You probably keep a file with account numbers, you have your family pictures stored there, maybe music, movies.  The list is a long one and an important one. 

Therefore, make sure you follow the recommendations in this article on how to protect your laptop.

The convenience of the laptop is obvious.  The computing power and versatility are equivalent to most desktop computers.  With the advent of wi-fi we can be on the internet almost anywhere and be emailing, chatting, writing, surfing the net or shopping, all anywhere in the world.

Here are some daunting statistics for laptop loss from 2008:

Relevant Data Loss and Data Breach Statistics

1 in 10 …laptop computers will be stolen within the first 12 months of purchase. 97% …of lost and stolen notebooks are never recovered. 50% …of organizations reported laptop theft. Every 43 seconds …a computer is reported stolen. Every 3 days … an information security breach is reported in the U.S. 82% …of all PC’s will be mobile devices by 2008, increasing 4 times as fast as PCs. 4,425 …laptops reported left behind in Chicago taxis during a six month period. 56 million …individuals affected by significant U.S. data security breaches, 2005. 1 billion …PC users expected by 2010, up from 660-670 million today. 57% …of corporate crimes are linked to stolen laptops. The latest crimes of espionage and sabotage are theft of executive personnel devices to access vital financial or personnel data.

( data source: datarevoke.com)

How Much Does Laptop Loss Cost?:

That completely depends on how you look at it and who is doing the looking….

Personal Laptop:

The actual cost here is the cost of the laptop and if stolen while in the laptop bag (most often this is the case) then you’ve lost all your accessories as well.  Not to mention possibly your wallet, MP3 player, passport (eek!).  Obviously the actual cost of items and the intangible loss of items such as wallets, all your stored music, your passport, etc. are vastly different.

Business or Corporate Laptop:

Here the intangible costs can be astronomical.  We have heard it on the news more than once and most of us have had it hit us directly with someone in the corporate world losing one or more laptops with critical customer data on it.  The cost the hardware is only about $4000, the information carried upon it was could be worth millions..

Of course, to get to valuable proprietary information is not the reason for all laptop thefts some laptop thieves head try to quickly sell the laptop as-is. However, some data indicate that about 10 percent to 15 percent of those laptops are stolen by criminals intent on selling the data.

How to Protect Your Laptop:

With this in mind, what can we do as individuals to prevent our own personal loss?

Laptop Security Cables:

This is one of the lowest cost and one of the most effective deterrents to theft.  As with most theft attempts, even a small amount of effort can make a huge difference.  For this to work you need to make sure that your laptop is equipped with the appropriate feature to attach a cable.  This is called a Universal Security Slot.

It is important to pay attention to what you are attaching the laptop and cable to.  You sometimes have to think like a thief.  If you really wanted to get that laptop could you?  If you answer is yes, then you need to add more security.  Consider looping the cable through a hole drilled in the lag of the desk.  If you just loop it around the leg than all it takes is some one strong enough to lift the desk enough to slip the cable under the leg and whoosh! your laptop is gone…

Keep Your Laptop Out of Sight:

If you are not with your laptop then it should be secured in a locked drawer or in the possession of someone you trust (for the short trip to the restroom for example).  Especially if you are in a public place like an airport, bookstore, or your favorite coffee shop.  Never leave your bag alone.

Some laptop cases scream “I have a laptop in here!”

Try to use a carrying case for your laptop that may be a bit beat up or at least not look like it obviously contains a laptop.  This may be difficult to do but can be a real effective way to have a thief move on to the next victim without bothering your precious laptop inside your ugly bag.

How to Protect Your Data:

I’m sure you’ve had moments when you couldn’t locate a file that you knew you had stored on your laptop.  The feeling of panic can be terrible until you find it.  Imagine your hard drive failing (it happens!).  You would lose all your important files – pictures, videos, everything. 

Therefore, first and most important is external storage.  External storage can be something as simple as a USB Flash Drive also known as a thumb drive (about the size of your thumb….) or a large external drive (about the size of an average hardcover book)

The type of external storage you select will depend on your needs.  If you just keep basic files (i.e. “Word” documents or spreadsheets, etc) then a thumb drive could be enough (and they are very inexpensive) and can store up to 32 Gigabytes of data or if you are willing to pay a bit more they are larger storage capabilities available.  If you plan on storing large files such as lots of photos and videos then you may need to step up in capacity with an external hard drive.  They store up to 2 “Terabytes” (2000 Megabytes) of data.


Credit Card Services and Business Loans for the Small Business

August 13th, 2009
business Credit Card Services and Business Loans for the Small Business



To achieve financial independence, experts encourage even currently employed individuals to consider entrepreneurship. Setting up your own business, no matter how small, is touted as one of the best ways toward building the foundation for wealth. Those who are concerned about having a safety net need not take the plunge recklessly. One can start setting up a small business even while employed.  

Of crucial use to small businesses are credit card services and small business loans. The entrepreneur needs to know how to avail of these tools and how to effectively wield them for maximum business growth.

Credit Card Services

A small business would do well to get reputable credit card services in order to prosper in the current business climate. Availing of credit card services will enable it to accept both credit card and debit card payments. This is true either for brick-and-mortar businesses or internet based online businesses. After all, most consumers nowadays routinely use credit cards or debit cards for payment purposes. It only makes good business sense to be well-equipped for the needs of credit card users and debit card users as well as for the needs of customers who pay in cash.

Merchant services provide credit card services covering a wide range of solutions for the processing of credit cards and debit cards as payment options. These credit card services include traditional terminal equipment at point of sale, where credit cards or debit cards are swiped. It also includes software and high speed IP solutions for both traditional commerce and e-commerce. Credit card and debit card payments can, therefore, be accepted in person or through the internet, by phone or by fax.     

Small Business Loans

Any business – whether a small start-up business, a medium-scaled one or a big business company – will be needing an infusion of additional capital sooner or later. Additional capital is always needed for expansion, additional inventory, additional manpower, new systems, new equipment or a new physical layout.

Capital is not always easy to come by, though. The original investors’ personal coffers may have been emptied by the earlier outlays. Prospective investors may not be keen on shelling out funds in times of crisis. Businesses, therefore, have no choice but to seek business loans.

Getting business loans is a difficult process. Even small business loans are not readily approved. Be prepared to present a lot of documentation and paperwork. For small business loans, the proprietor’s personal credit history is taken into account and related references need to be submitted. Of course, the company’s financial statements are just as important in proving the feasibility of the business and its capacity to repay its business loans. Having a detailed business plan will show your business strategies and projections, demonstrating your business acumen.

Unfortunately, even with all the requirements completed, applications for business loans – including small business loans – are, more often than not, disapproved.

Solutions

Some merchant services provide a comprehensive solution for the needs of small businesses in relation to credit card services and small business loans. The set up is elegantly simple. A small business need only avail of the company’s credit card services to be eligible for merchant cash advances. These cash advances are actually small business loans, except that there is no need to go through the complicated application process for business loans. Repayment is made very easy and worry-free, too. A certain small percentage is built into the credit card processing rates to take care of the advances. This way, repayment is actually done automatically in a very affordable manner and according to income flow.

Small business owners would, indeed, be wise to look into these timely business solutions.