How To Protect Your Finances From Security Breaches
In the wake of the Equifax security breach, it’s more important than ever to take steps to protect your finances from identity theft and other security breaches. Here are some tips to help you keep your information safe:
Check your credit report regularly.
One of the best ways to protect your finances is to regularly check your credit report for signs of fraud or identity theft. You can get a free copy of your credit report from each of the three major credit bureaus (Equifax, Experian and TransUnion) once every 12 months.
Be vigilant about security breaches.
Keep an eye out for news of security breaches at companies where you have an account. If a company you do business with has been breached, be extra vigilant about monitoring your accounts and report any suspicious activity to your financial institution immediately.
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Use strong passwords and two-factor authentication.
When creating passwords for your financial accounts, use a mix of upper and lowercase letters, numbers and symbols, and make them at least eight characters long. It’s also a good idea to enable two-factor authentication, which adds an extra layer of security by requiring you to enter a code from your smartphone in addition to your password.
Monitor your accounts regularly.
Even if you’re not worried about a specific security breach, it’s a good idea to monitor your financial accounts regularly for signs of fraud or identity theft. Look out for unauthorized charges or withdrawals, and report any suspicious activity to your financial institution immediately.
Keep your personal information safe.
Be careful about sharing your personal information, even with family and friends. If someone you know has been a victim of identity theft, they may be targeted again, so it’s important to be vigilant about protecting your own information.
By following these tips, you can help protect your finances from security breaches and identity theft.