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Fight financial cyberthreats with these 4 smart moves for total safety

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TLDR:

– Common financial cyberthreats include phishing attacks, identity theft, ransomware attacks, and online fraud
– To avoid these threats, individuals should use strong and unique passwords, practice secure online behavior, enable two-factor authentication, and stay educated about the latest cyber threats.

In celebration of Safer Internet Day, Forbes highlights the common financial cyberthreats that individuals and organizations face and offers strategies to avoid them. The article identifies four major threats: phishing attacks, identity theft, ransomware attacks, and online fraud. Phishing attacks involve cybercriminals tricking individuals into revealing personal, financial, or security information through deceptive emails, messages, or websites. Identity theft occurs when someone unlawfully obtains personal information to commit fraud or theft. Ransomware attacks involve the encryption of files on a victim’s computer or network, demanding payment for their release. Online fraud can take many forms, including investment scams, counterfeit product sales, lottery scams, and impersonation fraud.

To avoid these threats, the article suggests using strong and unique passwords for online accounts, enabling two-factor authentication, and practicing secure online behavior. Strong passwords that use a mix of letters, numbers, and special characters are more difficult for attackers to crack. Two-factor authentication adds an extra layer of security by requiring two forms of identification to access an account. Individuals should also exercise caution with the websites they visit and the links they click, as well as verifying the legitimacy of emails and attachments. Regularly updating software and operating systems and staying informed about the latest cyber threats through newsletters and educational resources are also recommended.

Overall, the key to cybersecurity is vigilance and proactive adoption of best practices and technologies to protect financial and personal information.

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