Tips to Safeguard Sensitive Data
October is Cybersecurity Awareness Month, and Federated Bank is reminding customers of some practical steps you can take to help protect your financial data and quickly recover in the event of a data breach or compromise. The majority (68 percent) of cybersecurity incidents can be attributed to human error. In addition, more than half (56 percent) of Americans wouldn’t know the proper steps in response to a data breach. We want you to be informed so that you can avoid a cyberattack or respond quickly if one should occur.
Shared Responsibility
Protecting your data is a key responsibility, as cybercriminals constantly adapt their tactics to find new vulnerabilities. Federated Bank takes this responsibility very seriously. We use sophisticated technology and monitoring techniques, intricate firewalls, and other methods to secure customer data. Additionally, we practice stringent privacy policies and train employees to treat confidential information with the utmost of care, meeting or exceeding federal and state mandates. We prioritize the education of our staff on secure data practices and are equally committed to equipping our customers with the knowledge to protect themselves against evolving cyber risks. We know that consumers can also take proactive steps to thwart cyberattacks.
Reduce Your Risk
While there is no foolproof way to avoid online identity theft, you can minimize your risk by:
- Limiting disclosed information: Don’t respond to unsolicited requests for personal information, such as your banking ID, account number, username or password, even if they appear to originate from your bank, government agencies or companies with which you have a relationship.
- Creating strong and unique passwords: Use complex, unique passwords for each of your online accounts to avoid a domino effect if one password is compromised. Consider using a password manager to securely store and generate passwords and change them regularly.
- Enabling security features: Use the strongest multifactor authentication options offered by your bank. This adds an extra layer of security by requiring a second form of verification, such as a code sent to your mobile device, in addition to your password. Consider using an authenticator app or a secure token.
- Guarding against phishing attempts: Be cautious of emails, texts, or phone calls asking for personal information. Phishing scams often mimic legitimate companies, so double-check the sender’s details, avoid clicking on unknown links, and report suspicious messages.
- Maintaining up-to-date software: Regularly update your devices’ operating systems, apps, and antivirus software to protect against the latest security vulnerabilities. Automatic updates can help you stay protected without the hassle of manual intervention.
- Monitoring accounts for unusual activity: Frequently review bank and credit card statements for unauthorized transactions. Notify your bank immediately if you spot anything suspicious.
Learn More
You can learn more about how to protect your digital life during Cybersecurity Awareness Month by visiting the Stay Safe Online website. Cyber threats continue to evolve, making it more important than ever for consumers to actively safeguard their financial data. Community banks like Federated Bank are committed to protecting customers through robust security measures and by equipping them with the knowledge to stay secure in today’s digital landscape. Even small adjustments to our online habits can have a significant impact in minimizing the risks of cyberattacks.