How To Best Protect Your Personal Financial Information
As a consumer, there are various ways you could be putting your data at risk, so beware of how to protect your financial information.
Create complex passwords
They should be complex and challenging to guess. It’s important that you don’t use the information easily traced back to your social media accounts. For example, if your Twitter bio says that you’re from Johannesburg, using a password like Jozi123 is never a good idea. Remember that a hacked email address can be used by criminals to withdraw money from your accounts, so remain cautious and vigilant. Never use the identical password for everything.
Don’t give your information out freely
Ensure that you don’t rush through reading emails to protect your personal information. Legitimate companies won’t send emails riddled with spelling errors for instance. Another thing to beware of is attachments contained in emails. Don’t open just any attachments as they may infect your PC with malware, which can then be used to hack your computer and gain easy access to your banking details.
Prioritise security when shopping online
When shopping online, stick to secure sites only. These are website addresses that are preceded by “https”, meaning that the information contained is encrypted.
Don’t keep all of your cards on you
Wherever possible, avoid travelling with all of your cards. If your wallet is stolen, you don’t want to have all of your information compromised.
Beware of your credit score
Monitor your credit score. A sudden change to your credit score could indicate identity theft as well as your credit credentials being used without your knowledge.
Don’t enter any of your personal information while using public WiFi. If you do have to use an internet café, make sure that you log off completely.
Use only trusted ATMs
If you have to use an ATM, stick to only trusted ones, or if you have the option to withdraw money elsewhere, such as at a till, do that.