Tips to protect your Banking and Credit information
Safe Online Practices |
26 February 2024 | 1 min read
Use Strong and Unique Passwords
Create complex passwords for banking and financial accounts.
Change passwords regularly and avoid using the same password for multiple accounts.
Enable Two-Factor Authentication (2FA)
Use 2FA for an added layer of security on banking and financial accounts.
Opt for authentication methods such as SMS codes, authentication apps, or biometric verification.
Monitor Your Accounts Regularly
Check your bank and credit card statements frequently for any unauthorized transactions.
Set up alerts for large transactions or suspicious activity.
Be Cautious with Sharing Personal Information
Avoid sharing banking or credit information over the phone or email unless you are sure of the recipient's identity.
Be mindful of the information you share on social media.
Use Secure Websites for Online Banking
Ensure the website uses HTTPS before entering any sensitive information.
Avoid accessing banking websites from public or shared computers.
Avoid accessing banking websites from search results; go directly to the bank website.
Beware of Phishing Scams
Do not click on links or download attachments from unknown or suspicious emails.
Verify the authenticity of any communication claiming to be from your bank or credit card company.
Keep Financial Documents Secure
Shred sensitive documents before disposing of them.
Store important documents like bank statements and credit card bills in a secure location.
Use Credit Monitoring Services
Enroll in a credit monitoring service or sign up with the three credit bureaus Experian, Equifax and TransUnion to keep track of your credit report and be alerted of any changes.
Regularly review your credit reports for accuracy.
Freeze your credit report; unlock it when needed.
Avoid Using Public Wi-Fi for Financial Transactions
Use a secure and private network for online banking and financial transactions.
Consider using a Virtual Private Network (VPN) for added security when accessing financial information online.
Ensure no one is watching you enter your credentials.
Report Lost or Stolen Cards Immediately
Contact your bank or credit card issuer immediately if your card is lost or stolen.
Monitor your accounts for any unauthorized transactions and request a replacement card.
By following these tips, you can better protect your banking and credit information from theft and fraud.
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