As information technology hardware evolves, so does the manner in which we share the information. Initially, a large section of internet was based on the sharing of text-based information. Now, this has evolved into video sharing and instant messaging such as Snapchat, Instagram and YouTube. Instagram and Snapchat are social media apps whose users primarily interact by sharing visual media like pictures and videos with one another. Youtube is a video sharing platform. YouTube is the most popular website in the world (according to Alexa Rankings) outside of the Google homepage. On the other hand, Instagram is the most popular app in the world in terms of daily active users. These innovations have allowed us to share, receive and comment on information instantaneously from almost all parts of the globe. Financial transactions have also benefited heavily from the improvements in information technology. Mobile phone wallets such as Apple Pay and Samsung Pay have allowed customers to leave their wallets and cash at home as they can pay most merchants with a tap of their smartphone.