• Mike Komara

7 ways to Protect Yourself from Online Threats, Theft and Fraud: Cybersecurity

Cybersecurity, hacking, and fraud are flooding the news globally. It can come in the form of a phone call, email, account pop-ups, passwords leaked in a data breach, or even old documents falling into the hands of the wrong people—unfortunately, these all sound too familiar. When we add our information to an online portal or online banking, it can put personal information in a vulnerable state. Do not be a victim of cyber crimes and protect your privacy with these tips.

1. Avoid any phone calls, emails or texts asking for information regarding your accounts

Banks know your account information and should never ask you to verify account numbers, passwords, whole social security numbers, etc. This scam has become a popular form of stealing information because these calls use a convincing kind tone of voice or sense of urgency to protect you from a made-up threat. If you experience a call or an email pushing for account information, hang up and make sure that number is blocked. Become familiar with your bank's communication methods to help highlight deceptive behavior.

2. Securely Manage your accounts and passwords

Use a password manager and change your passwords regularly. Do NOT use the same password across your accounts as convenient as it might be. That is like locking your front door and leaving the back door unlocked. Using a variety of passwords will protect you in the long run. To keep track of your passwords, find a reputable password manager program. Keeping all your passwords in a safe location will allow you to easily access them when needed while protecting them at the same time.

3. Avoid clicking links that come from an unsure email account

By opening these links, you can allow hackers access to your online bank accounts, social media accounts, and other personal online spaces. If an email seems skeptical, avoid opening the email and move it to trash. These emails can also be disguised to look like they are coming from a trusted source. As mentioned earlier, become familiar with communication methods across banks and other personal online accounts.

4. Install Security Protection on your computer

The internet has become a norm in our day-to-day lives; it is essential to take security measures on our computers. Established online security programs can protect you from identity thieves, hackers, and other deceptive people and programs. We go the extra mile to add security to our home, and we need to do the same with our online spaces.

6. Review credit card and bank statements regularly, and do not be afraid to freeze your credit

Establishing this as a monthly practice can be essential to catching unusual behaviors across your accounts.

Realizing unusual behavior early on can save you from fraudulent spending on your credit cards. These types of transactions can start small and continue to grow.

Freezing your credit can stop the fraud from becoming more familiar with your accounts. By taking this action it will prevent thieves from opening other accounts, loans, and other behaviors that might hurt your credit.

7. Properly discard your documents

As unpleasant as it might sound, dumpster divers are out there and after your private documents. Shredding old papers and old credit cards is crucial.

There is no need to keep years of bank statements. Keep a couple of recent months' worth of documents in a secure location but declutter the rest with a proper shredder.

The team at Solas Wealth can help you take essential measures to protect yourself from cybersecurity threats. Our customers' portfolios are secure and automatically adjust to market changes, and we construct them to protect customers from threats and downtrends.

Solas Wealth securely digitizes files and properly discards important paperwork. Fill out our contact form online today to schedule a conversation with one of our team members.