Password ProtectionCreate a strong password. When creating a password don’t use information that can be traced back to you. Try to avoid information that can be easily found and detected including your birth date, pet’s name or phone number. Try to always include a capital and lowercase letter, a number, as well as one character or symbol. The more passwords you have the better. Be sure that if you write down each password you keep them in a secure place.
Install And Maintain Anti-Virus And Anti-Malware SoftwareThe FBI cyber division recommends installing an anti-virus and anti-malware software to protect your financial and personal information. Identity thieves will use malware in the form of a virus to invade your computer and access your personal info. TB Bank recommends that Windows users should turn on the auto-update feature. Firewalls can make you virtually “invisible” online and help aid in blocking unauthorized sources.
Choose Credit Over DebitWith a debit transaction, the money is immediately taken out of your account. This can become problematic depending on your bank and their policy on fraud. With a credit card, the charges typically stay pending for a day or two, giving you enough time to spot the fraud, cancel the transaction and file for a new credit card. While your new credit card is on its way, you can still use your debit card and take out cash. Under federal law, you are within your right to dispute charges if you don’t receive the item you purchased or if you encounter a purchase you did not authorize. Avoid wire transferring money indefinitely. If you authorized the transfer the bank, in many cases, will not be able to refund your money.
Follow these tips to protect yourself this Cyber Monday and share with loved ones who you know may also be participating in online shopping this holiday season. For additional information check out the FBI’s website, the Federal Trade Commission’s website or call your local bank for tips on keeping your financial information protected.