How to Keep You Finances Secure

In the modern world, money is different than it has been in years past. In 2020 about 92% of total global currency is digital. Meaning that only 8% is physical money. In years past, to keep your money safe, you literally just needed a safe or some other secure physical location where you can put your money. To keep your money safe, you need to have some more sophisticated technical measures. There are a few things that you can do to make yourself as secure as possible.

Passwords

One of the most important things you can do is to use long and memorable passwords and ideally pass-phrases would be more effective. It should go without saying that you should keep your information secure online. If you don’t post personal information online, it makes it much more difficult to be found. This includes areas online that don’t seem very public. in filling out a profile or answer a survey. At all possible do not put your personal information online, this makes it much harder for it to be found. The same goes for accepting friend request from people you may not know. Many people use a secure password manager which keeps passwords secure while making it so you don’t have to remember potentially difficult passwords.

Choose Who You Trust

Most people have a bank or credit union who manages their money or at some point will use a financial or wealth advisor. While there are many that are up to basic standard of security. You want to have the best and not just what is acceptable. There are many organizations that are very secure and highly technical. Many financial group are getting ahead by having custom programming solutions so target specific vulnerabilities with certain companies and customer demographics

Phishing

Phishing is one of the more recent and unfortunately successful methods. Phishing is an attempt to get sensitive information by disguising oneself as a trustworthy entity in an electronic communication. This usually manifest in the form of getting a message or an email from a familiar email, maybe a manager or co-worker, asking for you to yield some information in some way. This is very dangerous and requires you to be vigilant to not expose yourself.

It can be devastating to have your data, or your identity stolen and it is certainly worth it to go through any protective precautions to avoid that loss. The security measures are almost always less troublesome than a hack.  

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Created on Nov 3rd 2020 13:27. Viewed 228 times.

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