Explain two ways that you may be able to send financial data electronically
Answers
By online paying apps.
Answer: Using email or regular mail carries the danger of being intercepted by a third party. However, several banking and financial institutions provide their clients with secure solutions. But today's remote workers and many other business owners require solutions that are more widely available.
Explanation:
1. Examine secure scanning and signing applications: Documents pertaining to money can be signed and sent securely using DocuSign eSignature. Every document is encrypted by the app and given tamper-evident characteristics. A user can include identity verification protections that the recipient must pass before signing if they are sending them something that needs their signature. People should be aware that not all scanning or digital signature apps have the security safeguards required for sending financial data. They should check that information before moving forward.
2. Make use of a secure cloud fax service: Some sectors, like the health care sector, continue to rely significantly on faxing documents. Newer, safer cloud fax services address the security issues with conventional fax machines. For instance, faxing digitally via an encrypted network is safer and more secure than using Wi-Fi, Ethernet, or phone lines. This method of sending faxes makes them hack-proof as well because they employ an untraceable technique. Similar to how emails can't have malware attached to them, faxed documents cannot have malware attached to it. Because it gives immediate reception confirmation, a cloud fax service can also provide peace of mind. To be more exact, the sender is notified when the material is automatically printed or added to an incoming item queue.
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