Know How You Can Keep Your Financial Information Safe !

If you’re an investor, you definitely appreciate the ease with which you can manage your finances online. However, you must ensure that you are not making it easy for hackers, “phishers,” and others with malicious intent to acquire access.

There’s a lot you can do to preserve your privacy, fortunately. The Securities and Exchange Commission of the United States has made the following recommendations:

Make Sure You Have A Strong Password Or Passphrase

You’ll want to use capital and lowercase characters, as well as symbols and numbers, to create a password that’s extremely difficult to guess. Of course, you’ll want to write down the password somewhere safe in case you forget it. You may have the option of utilising a passphrase rather than a password, which is a string of words strung together. You should avoid using terms that are popular in popular culture or that are otherwise widely used. It’s also a good idea to avoid words that include your name, birthday, or other personal information.

When Accessing Investment Accounts, Avoid Utilising Public Computers

If you’re in a hotel or library, resist the urge to check in on your investments on the computer. If you must use a public computer, take the necessary safeguards. For starters, don’t walk away from a screen with data on it, even if it’s just for a second. When you’re done using the computer, log out of your account to stop your online session. You should also change any passwords you’ve used.

Set Up Account Alerts

When you enable account alerts, you’ll receive text messages or emails alerting you to certain events, such as account logins, unsuccessful account login attempts, personal information updates, money transfers, adding or deleting external financial accounts, and more. These warnings can help you keep an eye on your accounts for fraud and double-check your own transactions.

Suspicious Links Must Be Ignored

Emails or text messages with links claiming to be connected to your investment accounts should be avoided. These links may direct you to websites that collect sensitive account information that can be used for financial or identity theft. Even if the link appears to be from a well-known company, you should proceed with caution because skilled “phishers” may now build websites or online documents that appear to be genuine. Also, keep in mind that reputable investing organisations will not ask you to reveal personal information without first going through the password or two-step authentication procedures indicated above.