The Many Steps You Can Take To Secure Financial Accounts And Personal Information

Cybercriminals are impersonating financial institutions to steal data and money. The impersonations are not only communicated online via phishing, but also through phone calls.

 

Red flags that organizations should be aware of and some steps to safeguard their information include:

 

Never provide passwords or verification codes over the phone. Be suspicious of anyone calling to ask you to send money or to update personal information.

 

Poor call quality and being told to act quickly are two other signs of a scam.

 

If you receive a suspicious phone call, you should confirm the request by calling your bank directly before taking action.

 

It is important to review your financial transactions on a routine basis for any transactions you did not authorize. Make sure that you recognize vendor names and that amounts paid are correct. Contact your financial institution immediately and report any suspicious transactions.

 

You can further protect your private data by keeping your web browser updated, using a privacy screen when in public, using strong passwords, and protecting your wireless network. Linda Brubaker "SPRING CLEAN UP: 6 tips to reduce banking cyber attacks on your account" pottsmerc.com (Mar. 02, 2020).

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In addition to the above suggestions, other steps organizations can take include:

 

Install all updates for your web browser as soon as they become available. Doing so improves your protection from drive-by malware on hacked websites and from malware-infected popups. You can set your browser to automatically update. You should also set your browser security to high.

 

Avoid financial transactions using public networks. Use secured networks at home or at work. Always change the default password and username on your wireless network at home. Manufacturers often publish default usernames with the corresponding password so that users can configure new devices easily. However, that means that if you fail to change the username and password, you have given cybercriminals free access to your entire network. Protect your network with a new username and a unique, strong password. Do the same for all IoT devices.

 

Individuals can steal your passwords and credit card numbers when you are in public by simply looking at what you type into your smartphone or laptop. Protect yourself from shoulder surfers by paying attention to the people around you and only typing in sensitive information when no one is nearby. Consider using a privacy screen on your computer or smartphone when working in a public area.

 

Use a strong, unique password for every financial account, as well as all other online accounts. The longer and more random your passwords, the better. Do not store your passwords where they could be stolen or share them with anyone else. Consider using a password generator/manager to help you create and remember strong, unique passwords for every account.

 

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