Best Practices for Protecting Your Financial Information Online
In an increasingly digital world, safeguarding your financial information online is more important than ever. Cybercriminals are constantly looking for ways to exploit weak security habits, but with a few smart practices, you can significantly reduce your risk.
1. Use Strong, Unique Passwords
Avoid using the same password across multiple accounts. Instead, create complex passwords that include a mix of letters, numbers, and symbols. Consider using a reputable password manager to keep track of them securely.
2. Enable Multi-Factor Authentication (MFA)
MFA adds an extra layer of protection by requiring a second form of verification, like a code sent to your phone, when logging into your accounts. Always enable it when available, especially for banking and email accounts.
3. Be Cautious with Public Wi-Fi
Avoid accessing sensitive accounts or making financial transactions over public Wi-Fi networks. If you must use public Wi-Fi, use a virtual private network (VPN) to encrypt your connection.
4. Monitor Your Accounts Regularly
Check your bank and credit card statements frequently for unauthorized transactions. Many banks also offer real-time alerts for account activity; turn these on to stay informed.
5. Watch Out for Phishing Scams
Be skeptical of unsolicited emails, texts, or calls asking for personal information. Don’t click on suspicious links or download attachments from unknown sources. Always verify the sender before responding.
6. Keep Your Devices and Software Updated
Regular updates often include security patches that protect against the latest threats. Enable automatic updates on your devices and apps to stay protected.
7. Use Secure Websites
Before entering any financial information online, make sure the website’s URL begins with https:// and look for a padlock icon in the address bar. These indicate a secure connection.
Stay One Step Ahead
Cybersecurity is an ongoing effort. By following these best practices, you can help protect your financial information and reduce your risk of fraud.
Being in the know is the first step to protecting yourself and your business from cyber fraud. Choice Bank is committed to providing you with up-to-date resources and tips to help you stay informed. Learn more at bankwithchoice.com/cybersecurity.