Security is an essential commodity for every family. However, the definition of security is multifaceted, and all the individual factors deserve critical levels of focus. According to Bloomberg reports, the safety of our digital world has reached a pivotal moment, especially as the world navigates its way into a post-COVID era. In 2020, there were over a thousand data breach cases in the United States alone. Therefore, in addition to sensitive locations in your house, it pays to be bothered about sensitive data protection. Here are three ways to invest in your family's security.

1. Surveillance System

Surveillance systems do a great job with security monitoring. Monitoring your home can include investments in security cameras and a reliable security team. Your family is not likely to be victims of the million and over burglary cases reported in the United States annually, but the security engineering landscape has been a hotspot for innovation in recent years. Modern security tech solution providers like Verkada Inc. take security cameras beyond alarm systems. Their Verkada cameras form part of a comprehensive infrastructure to manage access control systems efficiently.

Verkada's system supports real-time live feed reporting even from remote locations. That means you don't need to be in the house before you can detect and report an emergency to law enforcement. Today, homeowners who double as startup founders or executives can have a comprehensive monitoring system that provides optimum security for family members and the workforce.

2. Financial Security

Beyond all the physical security, is your family financially secure? How quickly can you and your household bounce back after a hard-hitting financial situation? As a homeowner, several ways exist to help secure your family's financial goals, including reasonable life insurance and multiyear-guaranteed annuities, or MYGA. But what's the difference between a life insurance policy and an MYGA contract?

A life settlement happens after the sale of life insurance over a fixed period of time. Usually, when beneficiaries outlive their life insurance policies, they can make the final decision to sell it to a third-party investor. Often, they receive an amount more than the policy's death benefit. An MYGA product offers a contract value that accrues with a guaranteed fixed interest rate over a specific period of time.

Investors may have to pay lump-sum amounts to purchase a qualified annuity. Depending on the financial institution, you can be guaranteed an income stream for the entire contracted term. The key difference between the two is the protection focus. A fixed annuity is a safer way to get income through your lifetime. Life insurance protects loved ones when you die or outlive your financial assets. Other alternatives to secure your family's financial health include less risky investments, which accrue over a long period of time. You can deal with a financial advisor to review multiple plan options or integrate your long-term investments as part of your retirement income plan.

3. Data Protection

Another security area with a higher degree of risk is data protection. There may be no true-zero solution to save you from hackers, but investing in a data protection plan can still be the right choice. If your workplace has a data-protection infrastructure for its business systems and executive leaders, you can find out if it can apply to early-career practitioners or interns. As a general rule of thumb, practising a data-secure culture at home can provide better returns than solely investing in software and legacy systems.

Opting for SaaS cloud-based data-protection systems may even be the best decision to protect your family on the web. All you may need is an initial deposit and period subscription fees, which may be a cost-effective option compared to custom-built systems.