- Always confirm the website you are inputting personal information on is a secure site.
- Use different pins and passwords for each site.
- Work with IT Security experts to make sure you are safe and secure.
Protecting Your Financial Information Online
It is nearly impossible today for all of us to not be conducting financial transactions online, which can make us vulnerable to tracking, hacking, identity theft, phishing scams, and other cyberspace risks. While nothing can guarantee complete safety on the Internet, understanding how to protect your privacy can help mitigate your exposure to risk.
Here are some ways to help you safeguard your information:
Avoid using weak PINS and passwords. When deciding on PINS, passwords, and other log-in information, avoid using your mother’s maiden name, your birth date, the last four digits of your Social Security number, or your phone number. Avoid other obvious choices, like a series of consecutive numbers or your hometown. Also, do not use the same PINS and passwords on multiple sites.
Look for secured web pages. Use only secure browsers when shopping online to help safeguard your transactions during transmission. There are two general indicators of a secured web page. First, check that the web page url begins with “https”, you may have noted before that our own Brown and Company site is this way. Most urls begin with “http;” the “s” at the end indicates that the site password will be encrypted before being sent to a third-party server. Second, look for a “lock” icon in the window of the browser. (It will not be in the web page display area.) You can double-click on this icon to read details of the site’s security policy. Be cautious about providing your financial information to websites that are unfamiliar. Larger companies and well-known websites have developed policies to protect the rights and financial information of their customers. So, resist the temptation of providing personal information to unknown companies.
Keep your operating system up-to-date. High-priority updates can be critical to the security and reliability of your computer, and may offer the latest protection against malicious online activities. When your computer prompts you to conduct an update, do it as soon as possible.
Update antivirus software and spyware. Keep both your antivirus and your spyware programs updated regularly. We went in-depth about cybersecurity in a previous blog that you can find here.
Keep your firewall turned on. A firewall helps protect your computer from hackers who might try to delete information, crash your computer, or steal your passwords or credit card numbers. Make sure your firewall is always on.
Do your homework. To learn more tips that may help you secure your computer and protect your private information when conducting financial transactions online, visit www.getnetwise.org, www.onguardonline.gov, or www.wiredsafety.org.
In addition, the Federal Trade Commission (FTC) works on behalf of consumers to prevent fraudulent, deceptive, and unfair practices in the marketplace. To file a complaint or to obtain more information, visit www.ftc.gov or call 1-877-FTC-HELP (1-877-382-4357).
This material is for general information only and is not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.
References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.
Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. LPL Financial doesn’t provide research on individual equities. All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.
All index and market data from FactSet and MarketWatch.
This Research material was prepared by LPL Financial, LLC.
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