As a working individual, one of the last things you want to happen is to fall into financial jeopardy. Much worse is getting into financial trouble because of criminals looking to exploit any security vulnerabilities in your financial accounts.
This is why service providers usually advise users to use passwords composed of at least one uppercase letter, a number, and a symbol during account sign-ups. This can be useful in preventing malicious parties from easily breaking into your account.
Aside from creating a strong password, there are other ways you can make sure that your financial accounts are safe and sound. Here are some of them.
Use Multiple Login Options
Service providers often place additional security measures. Some of the most widely used options include personal questions, one-time passwords, and biometric logins. These are all designed to ensure that any attempts to access your account are legitimate.
However, some people disable multiple login options because it is time-consuming. While this may be true based on your experience, the additional layer of security can definitely help you sleep well at night knowing that your hard-earned money is safe.
Never Share Your Credentials
Another essential way to secure your accounts is to never share your credentials, including usernames, passwords, PIN codes, OTPs, and account recovery links. While this may sound obvious, keep in mind that some people write down their passwords, as they tend to easily forget security information.
Moreover, anyone can be a target of criminals intending to steal your money simply by coercing users to reveal such info. So, as a rule of thumb, it is always safer to keep your login credentials in your mind, where they are guaranteed to be safe.
Make it a Habit to Call Your Bank
Getting in touch with your bank can be inconvenient for some people. However, there are times in which you will definitely need the help of a bank representative. Should you receive a call from a person claiming to be your bank’s representative and asking for such sensitive financial info, you might want to hang up and get in touch with your bank immediately.
If it is a legitimate call, you can simply explain your side, and if it is a fraud attempt, you can get the help you need. This also applies to suspicious emails and text messages.
Always Use Trusted Networks and Devices
When logging into your financial accounts, it is important to use networks and devices that you trust. Never login using public networks and free WiFi as a person with enough knowledge can exploit any security vulnerability on the device you are using.
Similarly, make it a point to only use your own computer or smart device when logging in. You should also invest in security tools to make sure that your devices are free of any malicious software that can compromise your account. Another option is to have an annual credit report, to easily spot if you fall victim from identity theft.
These types of accounts can definitely make financial management much easier, faster, and more convenient. With the right precautions, you can minimize security risks and get the peace of mind you need while reaping the benefits. For more information regarding financial security, read here.