Data privacy week: 5 Smart habits to keep your financial data safe
By Gloria Methri
As the digital world expands, so do the risks to our personal and financial information. With cybercriminals constantly innovating, safeguarding your financial data has never been more critical. Data Privacy Week serves as a timely reminder to reinforce online security, and Visa has stepped up with essential tips to help you stay ahead of potential threats.
1. Tokenisation: The Smart Way to Pay Online
Think of tokenisation as a digital shield for your card details. Instead of sharing your actual card number during transactions, a unique token is generated, keeping your credentials safe from prying eyes. This makes it virtually impossible for fraudsters to access your financial data. The next time you shop online, opt for tokenised payments on trusted platforms to ensure peace of mind.
2. Public Wi-Fi: A Hacker’s Playground
Free Wi-Fi might be convenient, but it’s also a hotspot for cyber threats. Hackers can easily intercept data on unsecured networks, making your banking details vulnerable. If you must access financial accounts while on public Wi-Fi, use a Virtual Private Network (VPN) to encrypt your connection and keep cybercriminals at bay.
3. Two-Factor Authentication: A Double Layer of Defense
Passwords alone aren’t enough anymore. Enable two-factor authentication (2FA) for an added layer of security. Whether it’s a one-time passcode sent to your phone or a biometric scan, this extra step makes it significantly harder for unauthorized users to gain access to your accounts.
4. Strong, Unique Passwords: Your First Line of Defense
Weak passwords are an open invitation for cyberattacks. Use long, complex, and unique passwords for each of your accounts. Better yet, consider using a password manager to keep track of them securely.
5. Verify Before You Click: Stick to Secure Websites and Apps
Before entering your payment details, always check for the “https://” prefix and a padlock icon in the URL—these indicators confirm the site is encrypted and secure. Download financial apps only from official platforms like the App Store or Google Play to avoid malicious software that can compromise your sensitive data.
By adopting these security habits, you can minimize risks and navigate the digital landscape with confidence. Cyber threats may be evolving, but with awareness and proactive measures, you can stay one step ahead. Take charge of your financial privacy this Data Privacy Week—because staying secure is not just an option; it’s a necessity
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