We live a digital globalized world. Most of the time that’s a good thing, but as technology advances so does a hacker’s ability to invade our privacy and steal our data. What can families do to protect themselves?
The first priority is to safeguard our details by not sharing it in the first place. Be very careful not to give up sensitive information such as social security numbers or bank account numbers on unsecure websites. Very few companies have a valid reason to request such personal information and no valid company will call or email you to request such information. It is wise not to give away your details.
Don’t login into sensitive accounts on free Wi-Fi. Free Wi-Fi is a synonym for unsecure Wi-Fi. Hackers are able to access the data of users that are connected to the free/open Wi-Fi.
Consider purchasing a RFID blocking wallet. There are certain devices that have the ability to read the data stored in our debit and credit cards. A RFID blocker prevents this device from stealing our data. Many wallets now come with this feature and you can easily find them on Amazon.
Use credit cards for all purchases. This one is debatable and should be used with caution. The logic for using credit cards is that it’s not your money. If you use your debit card online and there is a data breach, your actual money is gone. Yes, banks do offer fraud protection but it can take anywhere from days to weeks before you have access to your funds again. If credit cards are a weakness, cash, prepaid cards, PayPal and apple pay offer additional alternatives.
Review your credit report at least once a year to check for errors. You can view an official free credit report from each of the 3 credit bureaus at www.annualcreditreport.com. A mini hack to stay updated on your credit is to request one report from each credit bureau every few months instead of all three at once.
Use strong passwords. We’ve all used the same password for multiple websites because it’s easier. Now it’s time to step it up a notch and use strong passwords with letters, numbers and symbols. Consider using a password manager but not the one the comes with the website browser. Those are designed for convenience not security. Secure password managers include 1Password, LastPass and similar website.
Shred all mail and documents that include your personal information or credit offers. Dumpster diving is real. I’ve seen it with my own eyes. Don’t let your data be among what is found in the trash.
Educate our children. Nowadays, children and teens are on electronic devices more than adults. They should also be aware of these tips to keep them safe. And since they are so tech savvy, they may have a few extra tips to share with you! Stay Safe! You’ve got this!
Until next time,
Crystal
Crystal Chantel is an accountant with well over a decade of experience in tax, finance, audit and accounting in New York and Florida. Each week in Money Talks, she’ll share her advice to help individuals to navigate their financial challenges! Looking for more advice? Check out her blog where she offers personalized business, tax, and self-care tips for Ma Bohne Readers! Just click the link above and send in your questions!