In this digital era, almost all of the things and transactions you need can be found online. From buying things and food to storing money, digital cash, and investments. These made our lives easy and convenient. However, these things also have disadvantages and one of them is cybersecurity threats.
Cyber threats are all over the web and anyone can be a victim. We never know when the damage occurs. No matter how careful you are, how effective and expensive your security tools are — you can still be a victim.
This starts when a user carelessly clicks an unfamiliar site that contains a virus, hackers, and other malicious threats. With that single error, even by accident, it can lead to a massive loss especially when it comes to your investments. It can totally wipe it out in an instant.
Making important decisions like investing in something comes with precautions to ensure your funds are secured. Here are some assessments that you can consider to secure and protect your investments.
How to Secure your Investments
Investing in online platforms, trading using different apps and the like requires thorough study and of course your ability to know how to secure your funds or investments.
One of the most important things to do is get any information you can get about the investment and its security. Any written, or digital information is helpful. Take a screenshot and save email conversations, if needed. Take note of the email addresses, websites, phone numbers, links and link forms that they used to contact the customers — one of the most crucial things to remember. Research, do background checks (especially about security), and reviews before deciding where to invest.
Check and Read Emails
Nowadays, there are lots of false emails. It may look like it came from an authentic company but it contains malicious links and viruses. Usually, the content of the email contains something that you’ll benefit — something that will drive you to follow the instructions included. Often times, they offer a much higher return for your investment. It looks irresistible but it’s actually a trap.
Always Check before Clicking
False emails usually have a link and it will direct you to a fake website. Often times, the website looks real and it has a form that you had to fill out. Phishers and scammers’ victims are those people who don’t usually read emails or are just careless. Once you put your card number, email or any personal information in the false form, it can wipe out all of your investments in an instant. Practice safe clicking for your security.
Often, the eight characters password is not enough. Most websites accept a minimum of 8 character password but it is highly recommended to use 20 characters or more. Password is the most crucial of all — it has almost all of the important things you have. Always make sure that the password you choose includes a mix of upper and lower case letters, numbers, and special characters and are totally unrelated to you. This way, it will not be easy for others to phish your password. It will be ideal if you don’t use the same password for other sites. Make it a habit to update them at least once every 3-6 months.
Software updates may sound like an additional work and unnecessary for others but it’s actually critical. Most software sends out a message if there is a new update that is needed to be installed especially your antivirus updates. There is an update for a reason — maximizing the security. It’s not just for the site or company you’re investing with, but with your computer and all the programs in it. Turn on the software so you’ll not forget and if they pop up, update it immediately especially if you do a lot of online transactions.
Physical Cyber Security
Malware, viruses and other malicious threats can’t only found online. It is also found in other external devices such as flash drives, external hard drive, memory cards, smartphones and etc. When an infected external device is plugged in your computer or any digital device, it can spread instantly. There are lots of ways hackers can do, and it is just one of them.
Social media can be one of the many ways hackers and scammers get to know you. A lot of people share too much information on social media channels. A lot of them shares their personal email, phone number, where they live, where they are, where they work and other personal information. Be careful about what you’re sharing online; they can use it to have access to your private data.
Backup Your Data
You are a target and so does everyone. Backing up your data regularly is a must. As much as possible, don’t store it on your computer because there are lots of ways that you can get attacked anytime. One of the safest ways to back up online information is a physical backup — do a handwritten backup and store it somewhere safe.
Monitoring daily is the most ideal thing to do. Check your accounts at least once a day and make sure everything looks the way they should be. Check your transactions if they are correct. This the ideal thing to do especially if your investments are online. It is your personal way to ensure that your investments are safe and secured.
Most investments came from our hard work and it will tear us apart if it gets stolen by someone. Even if there’s a variety of companies that provide security and safety for your investment, it is still your duty to check them regularly and be aware of all the precautions you need to do.