There is plenty of advice out there for improving your own financial security and stability but in this developing technological age people are getting more worried about the physical security of their finances. Ever since the global economic crash and worrying trend for hackers, there has been more focus on online safety regarding finances.
There are a number of reasons for increasing your financial security in the modern day and ways you can go about making it more secure. If you haven’t already, check out your bank’s security information and take any necessary steps to ensure your finances are safe.
Cyber-crime has seen an increase in the past few years. As the complexities of online security improves so does the methods of many hackers in a kind of Catch-22 situation. Recent surveys have suggested that there is now more chance of being a victim of online crime than there is of being attacked on the street.
The financial industry has felt the effect of such increases and improved its defenses, although it has taken away the focus from other areas. Despite the added risk many more people are using online banking services than ever before. Discover more about cyber-hackers effect on the financial industry.
There was a 48% rise in the amount of money stolen from UK online bankers from 2013 to 2014 as more than £60 million was taken from over 50,000 individuals. Online fraud was decreasing as people became more aware of the phenomenon and ways to best prevent against it, but the slight increase shows not everywhere is fully secure.
The basic safety steps involved with all regular banking activities must be taken to prevent opportunists, such as keeping your account details to yourself and never sharing passwords. Remember to delete everything when using shared computers too.
Outdated operating systems, software and apps can be more vulnerable to viruses and hackers that are after your finances, so updating them will increase your defenses. Avoid free wireless networks which are unprotected when making transactions as these are many cyber criminals’ favorite spots.
Sometimes there is no other option, so staying safe by only using secure browsers, deleting all your history and cookies if on a public network, locking your computer when not at your desk and making sure nobody is watching over your shoulder are all examples of essential safeguards. Increasing your financial safety measures today should drastically decrease the chance of your finances being affected through online crime.
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