Almost everything that once involved an offline action has now been digitized. Whether it is making online wills, connecting with people, making time capsules, getting an education or even currency. It probably wouldn’t be an exaggeration to say we are more dependent on the internet than ever before, thus suggesting that our lives are now digital!
In this digital age, your assets are not limited to their traditional understanding. It has been deconstructed to include intangible assets on your computers, pen drives and online accounts – photographs, videos, social media accounts, email accounts, online banking and cryptocurrency to name a few.
With so much personal information on the internet, here are 5 reasons why you need to locate and organize your Digital Assets:
Easy accessHave you been in a situation where you have spent hours trying to recover an account as you forgot the login details? Or, how about the time you created a social media or subscription account and forgot about it? Regularly identifying and listing your Digital Assets saves you time and energy.
Keep track effortlesslySome online accounts hold data of sentimental value such as photos, audios or videos. And some are of monetary value such as cryptocurrency wallets, online payment and subscription accounts. Having a list of these accounts can help you track as well as make sure they are safe from fraudsters and hackers.
PrivacyListing your important online accounts and tracking them makes sure you are up-to-date with the latest privacy policies of these individual accounts. You can easily modify settings according to the changes in these privacy policies.
SecurityWriting down passwords in a sheet of paper or saving them on an easily accessible digital document is a big NO. It might be hard for some to remember passwords for each of their online accounts (It is not recommended to have one password for all your accounts). You can either use an online password manager or an authenticator app to secure your passwords.
SharingSharing your important documents with your loved ones becomes easier when all of it is organized in a specific (digital) location. Additionally, organizing your Online Accounts makes it easier for you to plan an Estate for your Digital Assets.
Now that you know why you need to start organizing your digital assets, get started easily with CLOCR’s Digital Vault!