Five Important Reasons Why You Have to Protect Your Digital Assets.


Digital Assets are any form of content and/or media that have been formatted into a binary source which include the right to use it. Digital assets include online accounts, social media pages, online banking accounts, emails, e-books, music and others.You can find more information on digital assets in this blog post.

People tend to think that protecting digital assets is mostly the concern of businesses and firms but that is not the case. We all leave a digital trace every time we use the internet and that is why we should all be prepared.

Here are top 5 reasons for you to protect your digital assets.

1. Plan Ahead

A digital asset management plan enables you to plan ahead and put all your affairs in order. You are the sole decision maker for all your digital assets. Otherwise the decision is left to chance, government or charity.

2.Easy of Access

It is difficult to keep track of all the accounts created. It becomes more difficult when different account information is recorded at different places such as notebook, emails or other media. Creating a list of all the accounts and login details helps in easy access. You can refer to the list anytime anywhere.

3. Information could be lost forever

If your online accounts are not protected and something happens to you, all information stored online could be lost forever. This information could be of financial as well emotional value. Protecting digital assets can prevent information loss.

4. Easier for Family and Friends

Due to security measures, it is almost impossible to get access to an account without  authorisation. With a list of beneficiaries, it is easier for loved ones to access all these accounts from one place. The family does not have to assume about your wishes for these accounts. If you would want them deleted, memorialised or all information extracted and saved in an archive. The decisions would have already been made and all they have to do is implement it.

After losing her daughter to a brain tumor, Louise Palmer was banned from her daughter’s facebook account, in the name of protecting her privacy. Read more

5. Prevent Identity Theft or Ghosting.

With so much of our information stored online, identity theft of the dead is getting more and more common in our day. The dead are the easiest of targets and the most vulnerable since they cannot defend themselves or put up a fight. You can find more details on Ghosting or identity theft of the diseased in this blog post.

According to the Federal Trade Commission, up to 9 million people per year are victims of such thefts. After death, some of our personal information become public records and that makes it easier for thieves to use this information and get access to credit cards, loans etc.

Take the first step of ensuring your digital assets are protected today by signing up with PlannedDeparture. We help you plan well and protect all information securely.

Author: Planned Departure

Living and working in this digital era, our social media accounts – from Facebook, Twitter, Flickr to the likes of Pinterest – are increasing not only in number but also in volume. Additionally, many of us have domain names registered and libraries of movies, digital music and e-Books that can be of significant value. And let's not forget about Bitcoin and other virtual currencies! For the majority of us, these accounts and digital assets are likely to outlive us. And when we die, it is left up to family members and estate executors to sift through them all. Furthermore, even though they may have all the required passwords necessary for these accounts, many heirs will discover that they have no clear authority to access, or even to manage, the online accounts of their deceased loved ones. With the value of individuals' digital assets globally measured in the hundreds of billions of dollars, planning for the protection of our digital assets has moved to centre stage. It is essential that our online and social media accounts are included as part of the estate planning process. Failure to do so may not only deprive those we leave behind of fond memories and (possibly) a little nest egg, it could also leave us vulnerable to postmortem identity theft if fraudsters get to use our personal details to apply for credit facilities whilst our accounts remain unguarded. Planned Departure resolves these issues. We provide you with the ability not only to protect your digital assets, but also to clearly indicate who can access your online accounts and who should benefit from them. Create piece of mind today by registering with us in one quick and easy process.

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