Finance – December 2, 2019

Cybersecurity Tips to Protect Your Money

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Cybersecurity Tips to Protect Your Money

Cyberattacks on consumers have become all too familiar news, and bank accounts are often targeted. We encourage consumers to follow the tips below to keep their bank accounts cyber-secure:

1. Keep contact information current. When transactions appear suspicious, banks can contact you to confirm the transaction’s authenticity.

2. Multifactor everything. Multifactor authentication (i.e. text code to phone) reduces the attacker’s ability to login as you.

3. Validate your transactions. While banks typically employ technology to detect suspicious transactions, you know best which of your transactions are legitimate.

4. Be wary of emails, SMS, and telephone calls. Attackers go to great lengths, with the intent of tricking you into downloading malware or disclosing information.

Since 2015, many banks use the “.bank” domain, and only verified banks that adhere to certain security standards can utilize it. The “.bank” domain provides an additional layer of protection for online banking transactions and communications.

For more information, visit cpb.bank.