Identity Theft and Fraud Money Basics Tips

Data privacy

January 23, 2020

It’s estimated that there will be 24 billion internet-connected devices globally in 2020 – that’s 24 billion opportunities for data to be compromised. Your personal information is big business for cyber criminals. Keep your data safe at home and at work with a few of our privacy tips.

Keep devices updated

Keeping your computers and mobile devices updated is one of the easiest ways to protect your data. Manufacturers and app developers push updates to patch security vulnerabilities quickly. Be sure to check your privacy settings after an update and see if anything has changed. And don’t forget about other things connected to the internet: security cameras, routers or baby monitors. Every connected device increases your vulnerability if not properly updated.

Limit social sharing

Think about the information you’re sharing on social media. It’s not just advertisers that take advantage of this information – hackers can also take advantage of your online identity. Social media is becoming a common place for hackers to go to steal information for identity theft. Be cautious sharing your birthday, age or place of birth.

Privacy Policies

Check the privacy policies of each platform you’ve joined; the policy explains how your information is collected and used. Privacy policy changes can have dramatic affects on your information. Content you created as restricted or private may become public after a privacy policy change.

Mobile applications

Check the app permissions for all mobile applications across your devices. These apps may be gathering your personal information without your knowledge – putting your privacy at risk. Ask yourself if it makes sense for the app to ask for certain permissions. An app that asks for data, such as access to your contacts or location that isn’t relevant to its function, is a big warning sign.

This information is presented for educational purposes only. It is not intended as, nor should it be construed to be, legal, financial or other professional advice. Please consult with your attorney or financial advisor to discuss any legal or financial issues involved with credit decisions.

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