There are some basic strategies that can help protect you, your identity, and your money. Here are three tips worth considering:
1. Don’t use the most popular passwords in the world
Nowadays many of our transactions are completed online and, although it is very convenient, in some respects technology has overtaken our habits. It’s notable, for example, how many people stick to incredibly predictable passwords for their various online accounts.
The World Economic Forum states that the most commonly used passwords tend to be simple, short and predictable. It’s no surprise that these types of passwords make us vulnerable to hacking attacks and cybercrime.
What is surprising is that the most common online password in the world continues to be “123456”. I’m just desperate that people still use passwords like this. Not only has it been used more than 4.5 million times; It takes hackers less than a second to crack the code.
Using a worn-out password is like handing a thief the keys to your front door. None of us would.
For your security, choose passwords that cannot be easily guessed. Longer is better than short, complex is better than simple. Use unique passwords for each of your online accounts and store passwords securely using a password manager.
2. Check your accounts regularly
Our financial institutions have invested heavily in the security of their online banking systems and, combined with measures taken by telecommunications companies to block scam messages, real progress is being made to protect consumers from scams.
The reality, however, is that no one cares more about your money than you. So don’t rely solely on your bank or phone company for protection. Be sure to check your accounts, including credit cards, regularly. Or use your bank’s app to get instant alerts when money enters or leaves your account. If something doesn’t seem right, contact your bank immediately.
3. Protect your personal information: It’s a valuable asset
Your personal data is like cash in the bank to cybercriminals. Security firm NordVPN says there is a booming black market for credit card numbers. They can only be sold for about $10 each, but the details of the stolen cards sell for millions.
Be careful if you suddenly receive SMS messages or emails asking for personal information. Scammers often try to create a false sense of urgency. Ignore this. Reputable organizations, including your bank, will never ask for any account or personal details in an unsolicited text message or email.
It’s also a good idea to check your credit score several times a year. Unexpected changes in your score can be an early sign of identity theft if scammers take out loans and credit cards in your name. To keep tabs on your credit score, hop on over CreditSmart website and click “Know your credit score”. It costs nothing and will not affect your score.
