Grow your cybersecurity confidence

In today’s world, where general banking and financial transactions are happening online, ensuring the safety of your personal information is more crucial than ever. Cybersecurity threats are evolving, and banks are constantly working to safeguard your data. Now, even though banks and other financial institutions are working tirelessly towards protecting your information, it is important that you take proactive steps to protect yourself as well. Here are some best practices to follow when transacting online.

1. Use Strong Passwords
Passwords are one of the simplest but most effective ways to protect your accounts. Passwords should be strong, unique and should not contain easily guessable information such as birthdays, anniversaries, names, etc. Always combine letters (upper and lower case), numbers, and special characters. Try your best to not duplicate passwords and consider using a password manager to securely store your credentials for multiple platforms.
Pro tip: Instead of using a password, try using a passphrase! A passphrase is a string of words used in place of a password for log in credentials. An example would be: iL0veB@nkingWithMHB!

2. Enable Two-Factor Authentication
Two-Factor Authentication is a great way to further secure your personal data. This adds an extra layer of security by not only requiring a password, but also a second form of verification such as a text message, email, or an authentication app.

3. Educate Yourself about Phishing Scams
Scams are getting more and more believable every day. Always be cautious of unexpected emails, texts, or calls from a “known source” such as your bank, doctor’s office, or other service providers. If you receive messages that appear suspicious, do not click any links or provide any personal information. Contact the service provider directly using a verified phone number.

4. Shred Sensitive Documents
Don’t forget about physical security. Shred any documents that contain personal information before disposing of them. These documents could be bank statements, credit card offers, and any paperwork that could lead to identity theft.

5. What to do if you’ve fallen for a scam
If you think you’ve fallen for a scam, there are a few steps you need to take immediately to try to save yourself from any losses. Change your passwords for online banking accounts or any online accounts that may contain personal information you don’t want compromised. Call your bank via a verified number and inform them of the scam, providing as much detail as possible. You can also report the fraud to the Federal Trade Commission at ftc.gov/complaint. If you have lost money, file a police report with your local authorities.

There are many other things you can do to safeguard your personal information and while banks take extensive measures to protect your information, cybersecurity requires teamwork! Stay informed, remain vigilant, and take control of your personal information security. Together, we can create a safer digital banking environment for everyone.

Remember, regularly monitor your accounts and contact us for more information or further assistance with cybersecurity. Your security is our priority!