October 2018

Brush up on the basics of online safety

Buying a home is one of the largest financial transactions you'll ever make — and it involves the exchange of a lot of sensitive information.

With this October being the 15th anniversary of National Cyber Security Awareness Month, now's a great time for a refresher course on how to protect your personal data online.

Back to basics

The rules of cyber security continue to evolve as technology grows and changes. To help establish a strong strategy for data protection:

  • Start with a good foundation.1
  • Stay up to date with the latest cyber security news and learn more about what to watch out for.2
  • Never provide personal information to anyone who reaches out via phone or email, even if they appear to be from a bank or a real estate business. Instead, contact the agent or lending specialist directly right away for clarification.
  • Keep all operating systems, web browsers and apps on computers and mobile devices up to date.
  • Choose strong passwords for all online accounts and change them frequently.
    (Check out this Better Money Habits® article to learn the ins and outs of creating stronger passwords.)

New tools can help improve cyber security

Fingerprint ID and facial recognition are emerging technologies that can help protect mobile financial transactions. For example, Bank of America customers can sign in to their Mobile Banking app using fingerprint Touch ID on their smartphone or tablet. Get more details.3

For more on online safety practices, read the articles "10 online and mobile security tips" and "Beyond the basics: New trends in cybersecurity" on Better Money Habits.

Sources:
1StaySafeOnline.org
2FBI.gov
3BankofAmerica.com

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