Today, there are over a thousand different cryptos, and they all rise and fall in value depending on the market conditions. This new digital asset is certainly a great opportunity for businesses of all sizes. The main reason is that cryptos are an asset completely independent of traditional financial institutions.

What that means is that there are still no governments or centralized banks to regulate cryptos. Of course, this is sort of a double-edged sword because the lack of rules and regulations makes cryptos somewhat unstable and volatile.

Still, the market has been able to regulate itself for all these years, and many individuals and businesses alike have been leveraging the full potential of these digital assets. With that in mind, here are a few reasons why your business should accept cryptocurrencies.

More convenience

As mentioned before, a lot of individuals and businesses have been using cryptos for some time now. Cryptocurrencies became a pioneer in peer-to-peer transactions over the Internet. What that means is by accepting cryptos as a method of payment, you open yourself to more customers or B2B relations. 

This is especially important today because the online market is growing to be more and more competitive each year. Being able to attract more customers and business opportunities is a competitive advantage you simply cannot neglect. Relying on this new technology may be disruptive at first but you’ll soon see the benefits cryptos can provide your business with.

Seamless transactions

Another reason why accepting cryptocurrencies is a smart move is that they offer seamless transactions. That means that there are no third parties to regulate the transactions. Instead, blockchain technology is used to record and enable transactions.

This may not seem like much, but without third parties to oversee transactions, you’re looking at instant transactions with no fees.

Some platforms that regulate transactions, such as Bitpay, charge 0.5 to 1% per transaction, but that’s nothing compared to how much credit card companies charge for transactions. In 2017, merchants spent around $90 billion on card swipe fees. Now, you have access to digital wallets that are completely free, and you can make seamless transactions all over the world.

A powerful asset

Accepting cryptos is not just about having an additional currency you can trade with. Cryptos are an asset that can be used to fund your business when you need it the most. Moreover, it’s a digital asset that doesn’t deteriorate or require maintenance like property or inventory.

What’s more, you don’t have to acquire cryptos by selling products only. Take Bitcoin, for example. This is the first and the most valuable crypto on the market.

One of the ways you can get your hands on this crypto is through cost-effective Bitcoin mining, and it’s not much of a fuss. This is a way to earn extra income. You can save your cryptos for rainy days or save them to make an investment when an opportunity presents itself. You can further boost your asset allocation by accepting Bitcoin, as well as other cryptos, as a form of payment.

More certainty

Yes, the crypto market is volatile and unpredictable due to a lack of regulation. Lack of regulation can be both a good and a bad thing. The good part is that there are no third parties, financial intermediaries, or government-imposed rules, and you can trade with anyone in the world easily.

The bad part is the uncertainty and high volatility, which is a result of an unregulated market. Despite all that, there’s a way for merchants to avoid such inconveniences and ensure more certainty when dealing with cryptos. Although you don’t have to, you can always exchange cryptos for real money. Moreover, you can do so in real time.

By converting cryptos straight into your bank account to a base currency of your choosing, you can easily avoid the unpredictability and volatility of crypto values. In other words, you can still safely trade and accept cryptos while eliminating any unwanted risks.

Improved security

Many cryptos, like Bitcoin, are based on blockchain technology. Once the blockchain records the transactions, they are made permanent and can no longer be altered, deleted, or otherwise tampered with.

That ensures highly secured transactions. In addition, the blockchain is virtually impossible to hack. Changing one block would require that a cybercriminal alter all other blocks within the blockchain. That’s currently impossible to achieve as such efforts would require more computing power than it currently exists.

Therefore, aside from secured transactions, your sensitive data is also protected. The crypto payment processors only require your name and shipping address, whereas banks collect more than they’ll ever need.

Cryptocurrencies created a whole new approach to online transactions. Accepting them would mean opening new doors and gaining more opportunities that your business can capitalize on.

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So, what’s the real issue? Every company has a weak spot, and that is usually their employees. Only one of the employees needs to make a mistake, and a data breach could happen as a result.

Can you blame them? Of course, not. It is not in a regular employee’s job description to know about cybersecurity or to be an expert on the subject. 

Those requirements are reserved for special positions and departments. That said, the best thing you can do to prevent cyber attacks without hiring only cyber-security-trained employees is to educate them yourself. With that in mind, here is how to create effective cybersecurity training for your employees.

Include training in the onboarding process

As you may already know, an onboarding process means welcoming new employees and helping them adjust to the company’s culture, workplace, and work conditions. This is an ideal moment to introduce proper cybersecurity training.

You can educate new recruits on how to spot potential scam attempts and data breaches, as well as how to respond in such situations. Of course, there are other things you need to train new employees about, but if you are well-organized, you’ll find the time to include cybersecurity training as well. 

Teach them about passwords

Passwords are of vital importance when it comes to preventing potential cyber-attacks. It is no secret that employees don’t bother too much with passwords at work. They’ll choose something simple and easy to remember.

However, weak passwords are basically an invitation to a hacker to come and breach your network. That’s why it’s crucial that you educate your employees about the importance of using strong passwords. Here are a few things your employees should know:

• Strong passwords are between 12 and 20 characters long.
• They must contain upper- and lower-case letters, numbers, and symbols.
• The more complex the password is, the more difficult it is to crack it.
• Never include personal information in your password.
• Never use the same password more than once or for multiple accounts.
• Don’t save your password in digital format; write it down on a piece of paper, instead.

When employees use weak passwords, especially for business accounts, it becomes so much easier for hackers to exploit this weakness and gain a backdoor entrance to your company’s network.

Fake a cyber attack

One of the best ways to train employees about cybersecurity is to perform a “fake†cyber attack. Companies do this all the time via penetration testing to determine potential weaknesses in their security measures but never for the purpose of training employees.

If you do this, you can determine how employees will respond and whether or not they need additional training or education. It’s a good idea for companies to have reliable enterprise firewall protection. That way, when you fake a cyber attack, you can show employees how the system reacts. 

This will help them understand when the system is warning them about potential threats and they’ll be able to act accordingly instead of ignoring the warning. The purpose of this training is to encourage your employees to develop healthy cybersecurity habits that will allow them to avoid potential threats instead of falling victim to online scams.

Teach them how to identify potential scams

The peculiar thing about cyber attacks is that the majority of them rely on human error. A hacker sets a trap for the unwary and waits for them to fall into the trap. The most common ways hackers do this is through phishing and social engineering scams. Therefore, teach employees how to spot such traps so that they can avoid them. Here are a few pointers you should give to your employees:

• Check the email address of the sender if you suspect anything suspicious, such as an urgent and unusual request.
• Check the links to determine if they lead to where they say they lead.
• Train employees to scan email attachments before opening them.
• Train employees to call technical support if they are uncertain about the email.
• Teach them to never provide login credentials if asked to do so in an email.

It’s better to be safe than sorry so it’s vital that your employees understand that it’s better to check and double-check everything before they proceed. That way, you can rest assured that your employees won’ easily fall for an online scam and, therefore, potentially compromise your entire network.

Cybersecurity is not something that should be neglected or ignored. Many companies never actually recover from a successful data breach, which is why it is of vital importance to prevent such attacks in the first place. If your employees are your weakest link, then make sure you train them properly so you can eliminate a potential weakness in your company’s network.

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There is Google, too, of course, but for the time being, the two names we have mentioned previously remain top picks for companies of various sizes and industries. This guide is meant to help you determine the key differences between the AWS cloud solution and Microsos Azure so that you can find out which one makes the most sense for your business, and how you can integrate your existing processes with these cloud solutions. 

Deciphering Azure

Microsoft cloud brainchild, so to speak, has stolen the spotlight since it came to be a decade ago. While it is a younger player compared to AWS, Azure is a fierce competitor with two major types of services, PaaS (platform as a service) and IaaS (infrastructure as a service).

The level of infrastructure support provided by Azure has been considered the finest in the industry by many. The name is synonymous with innovation and growth, so it makes perfect sense that it has become a very close race between the two cloud providers over the past few years.

Understanding AWS

Ever since it launched in 2006, Amazon Web Services (AWS) has been a leader in cloud computing and a trusted provider for individuals and large-scale businesses alike. This particular provider has three main tiers of services categorized as SaaS (software as a service), IaaS, and PaaS.

With a wide array of available tools and so many years of growth and progress, AWS has been in the lead in the cloud computing industry and has often been the first choice for many companies. Now, with Azure to compete with, AWS needs to work even harder to retain its reputation.

Support plans can differ

As you likely already know, all cloud providers need to offer a scale of services and matching payment systems, so as to make sure that the service is fairly rated and that different users can find or customize the level of support and service they need. While AWS has a sliding payment system for their support services, Azure has a flat monthly fee, making sure that you can count on their support no matter the abundance of work needed.

To maximize the potential that Azure offers, most businesses will rely on Azure-managed services to make the most of its built-in automation features, build stronger infrastructures, and ensure lower costs across the board. The flexibility of Azure enables this approach, making it a top pick for many who will use experts to handle their cloud migration and future cloud management needs.

Pricing as a major contributor

Like most competitive providers, both Azure and AWS offer free trial periods for their users to give them a sense of what it means to work with each solution. For some users, for example, the sheer variety of tools of AWS will be the key selling point, while the user-friendliness of Azure might tip the scales in this brand’s favour for others.

For many companies, it boils down to the cost-effectiveness and the perceived value they get for the money they pay. AWS offers per-hour billing, which can be on-demand, allowing you to pay for what you use, spot, which allows you to bid for extra capacity, or reserve with upfront costs. Azure, on the other hand, goes the extra mile and charges per minute, which offers more precision in what the user is paying for and makes a more compelling case.

Scalability, computing, and security

One of the key reasons companies today are moving to the cloud is the ability to scale more efficiently, take on more business, and above all, work seamlessly, even remotely. The level of scalability of your cloud solution, however, depends on the provider that you choose, and the specific service package that you select. That is why both providers have Autoscaling as one of their key selling features, necessary to ensure seamless growth for any business.

The difference, however, lies in their computing offering. AWS has customizable EC2 instances, as well as Elastic Beanstalk which simplifies app deployment, as well as AWS Lambada. On the other hand, Azure focuses on Virtual Machines or VMs. Both providers need to comply with the latest standards in cloud computing, while it does matter to note that Azure was the first to apply for the new Cloud privacy, ISO 27018 standard.

The beauty of both providers is that they offer a great degree of flexibility depending on your needs, especially because more competitors are joining the playing field, and Google isn’t too far behind as another favourite choice of many enterprise-level organizations. Choosing one doesn’t mean that the user won’t switch to the other once the contract is up, so it’s in their best interest to keep their users happy and interested, and it’s up to you to tailor a solution that will help you skyrocket your business.

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