Simple, Practical Tips for Avoiding Cyber Threats From A Financial Advisor

I have been a Financial Advisor for over 25 years and am a father of three boys in their late teens and twenties and have seen my fair share of digital threats. The growing risks of cyber threats, from SPAM and social media scams to identity theft and cryptocurrency fraud, can significantly impact your financial security if not properly managed. So as we enter October which is Cybersecurity Awareness Month, I want to share a few ideas for how you can enhance your online safety in simple, practical ways.

Let’s start with SPAM:

We’ve all received emails that seem fraudulent. Some might appear legitimate but can still pose risks. The best advice is to ignore SPAM emails. These often contain links that could lead to malware or ransomware.

To protect yourself, regularly back up your data and be cautious with unsolicited messages, whether via email, text, or instant messaging.

Social Media Safety:

Be cautious with ALL social media interactions. If you receive unexpected messages or friend requests, verify their authenticity through other communication channels. 

Be mindful of what you post, as seemingly harmless details can be used to answer security questions or gain access to your accounts.

Watch for Online Scams:

Be aware of scams impersonating official government agencies or demanding payment in unconventional methods like gift cards or cryptocurrency. 

Always verify such requests through official channels and avoid responding to suspicious communications.

Cryptocurrency Scams:

Scams involving cryptocurrency are on the rise. Avoid any investment opportunities that seem too good to be true, especially those involving cryptocurrencies. 

Always separate online dating from investment advice to avoid falling victim to scams.

Dodging Identity Theft:

Consider freezing your credit, collecting your mail regularly, and maintaining updated anti-virus software. 

Use unique passwords for each account and enable two-factor authentication to enhance your online security.

Final Thoughts:

While complete online safety isn’t guaranteed, being proactive and cautious can greatly reduce your risk of falling victim to cyber threats. 

A healthy amount of skepticism and vigilance can protect your personal and financial information.

Please Note: The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of Jeff Green and not necessarily those of Raymond James.