Weekly Financial Tip
With the uptick in identity theft and data breaches, it's more important than ever to safeguard your financial information. Here are a several steps to protect your accounts and financial information:
1) Secure your hardware: Keep your security software current and ensure the security software is never turned off. Password-protect your devices and log out of your accounts when finished.
2) Change your password: Reset your financial log-in passwords at least every ninety days and don't use the same password for more than one account. Note: If you struggle with remembering your password, try using password management software. Be sure to review the encryption standards.
3) Secure your apps: Turn on the security settings for all apps related to your finances and choose the highest security setting available.
4) Read your statements: Review you credit card and bank statements each month and report any unfamiliar charges or claims.
5) Protect your papers: Keep your financial documents in a secure location and shred everything you no longer need before you get rid of it.
6) Limit social sharing: Don't give criminals the answers to your financial account challenge questions, like your pet's name, your mother's maiden name, or your favorite band.
7) Secure your credit: If you think you're vulnerable to identity theft, place a fraud alert or security freeze on your credit reports.