We can do a lot online with our money in today’s era, from transferring funds to online shopping to online budget tracking. While most people think that the most secure way of dealing with your money is through paper, these days, it is the complete opposite. Due to the rise of technology, it is now more important than ever to keep your money and your identity secure from theft. Cybercriminals can easily discover your personal data, log into your bank accounts, and gain access to your money. Are you doing everything you can to keep yourself and your money secure?
If you utilize good cybersecurity and digital practices, your information and money will be safe and secure. Taking a few precautions early on will go a long way to protecting your money for the days to come. Listed below are a few tips from security and privacy experts on how to keep your money secure when shopping or banking online.
- Check On Your App Security
Whenever you click download on a new app, specially those related to financial management or online shopping, check its security features. Most banks or financial institution apps have up-to-date security that customers can access without any hassle. If such information isn’t available to you, or you have doubts about whether or not to have your information on the app, then consider avoiding the download.
- Use Unique Passwords
Your credit card, bank account, and other financial information come from organizations that utilize cutting-edge security tech. With the aid of a secure connection to your internet browser with the help of an SSL (secure sockets layer) to security best practices, bank-level security does a perfect job to keep cybercriminals and thieves out of the system.
These days, people prefer to use digital bank for a speedy process and convenience. However, it won’t do you any good if your passwords are public information. If you utilize various online services, chances are all your account info is constantly leaking whenever you go online. If you keep the passwords to all your accounts the same, your accounts may get compromised.
- Use A Firewall And A Virus Scanner
Security experts suggest that combining a virus scanner with a high-band firewall should keep all your devices, be it laptop, mobile phone, or tablet, secure from theft. Windows users can take advantage of tons of built-in programs to handle firewalls and virus scanning without paying for standalone tools. Whatever the operating system you use, if you accessed an online store on your computer and entered your credit card details, they’ll be up for grabs if you don’t use firewalls and virus scanners to keep threats out.
- Destroy Private Documents
It might seem like a surprising thing to do for some people, but destroying private documents can help you safeguard your identity better. Simply throwing your private documents inside the trash can won’t be enough. Imagine if someone gets their hands on your bank details while sifting through your trash. Always keep your files updated and put any unwanted confidential documents inside the paper shredder to erase them from existence. The same goes for digital files. Whenever you delete a file, it will remain inside your computer’s recycle bin. Take out the trash by emptying your recycle bin to remove any remnant of such private files. Personal information that you need to keep private includes birth dates, bank accounts details, names, social security numbers, and much more.
- Use Your Wifi Wisely
While you will find a wifi network wherever you go, it is still good to use caution when accessing your private information of a public wifi network. Hotels, libraries, coffee shops, and other public places all use the same network protocol types, allowing hackers and thieves to access the information you input while on such unprotected wifi networks.
Although most websites you visit are now protected and secure, it doesn’t mean that you can rest assured your information will remain safe. To ensure your information remains protected, avoid entering bank account details over a public network.
- Develop An Identity Theft Plan
Regardless of the number of precautions you take, there will always be a possibility that hackers might steal your identity and your money in the future. It is vital to be proactive and have a reactive plan if your money or identity ends up in someone else’s hands. Identity theft can occur in thousands of different ways. It could be as simple as losing your wallet on the bus to something major such as your organization getting hacked. Protect yourself by creating an identity and money theft plan in case your personal information is stolen or lost.
Your banks work day in and day out to keep all your personal information and account secure, but if your private information slips into the wrong hands, there will be nothing they can do to keep your money safe. If you follow some smart practices such as staying away from suspicious emails or using uniques passwords, you will be good to go when it comes to keeping your money secure and avoiding related mishaps.