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3 Tips for Online Financial Safety

A lot of traditional activities have migrated to digital because it offers more benefits for both clients and institutions. That’s the reason why it’s so imperative to have at least a basic understanding of how to keep your finances safe online.

By learning how to properly safeguard yourself you can take advantage of online benefits like free spin games, faster ways to do your errands, and more!

Start with these 3 tips for online financial safety, then build up your knowledge and the strength of your defenses:

Use Secure Connections

One of the most important online financial habits you can develop is to only use secure connections.

A public network is open to access for everyone, which includes threats to you, those who want a gateway into your data.

So when doing any of the following is best to use your home network or a trusted connection:

  •       Logging into your bank account
  •       Making transfers
  •       Sending sensitive data
  •       Using sites that have personal information stored in them: personal and work email, social media, insurance, etc.

You can also work to improve security in your own networks so that it’s more protected from attacks.

Get the Best Tools and Keep Them Updated

Good news for all internet users is that there are plenty of tools out there for improving safety, you just need to find them.

These tools are an integral part of your defense from financial attacks like data or identity theft, here are a few you should consider:

  •       VPN: it can help hide your location easily
  •       Password Manager: it stores your password safely, allows you to have different ones for each account without the risk of forgetting.
  •       Secure Browser: some online browsers are better equipped for protecting you.
  •       Antivirus and protection software: for both your computer and phone
  •       Apps: using your bank’s app directly can lower risks
  •       Bookmarks: it seems silly, but bookmarking the right webpages protects you from clone site scams

For any of these tools to work effectively, you’ll need to keep them updated, switch on the automatic download feature for time-saving or do it manually.

Every update includes new defenses because the threats are continuously evolving.

Be Smart and Aware

One of the most helpful tips for online financial safety is to listen to your common sense, when something seems shady it probably is.

After years of being online, you begin to develop an instinct for danger, you have to tap into that to be one step ahead of the menace.

Start with the basics:
  1. Don’t click on strange emails and ridiculous offers, as they might be packed with malware design to steal from you.
  2. Avoid unfinished sites that don’t look legit, or clicking on any pop-ups that come up in your visit.
  3. Delete your cache and login information from your browser.
  4. Never give personal or financial information to anyone you haven’t checked out before.
  5. Set up notification on your bank account movement so that you know if money is being moved without your authorization.

Doing things digitally is so much faster, easier, and now safer. Just following these 3 tips for online financial safety can protect you from a lot.


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