It seems like every other week there’s another cyber-attack, data breach, or hacking incident in Australia, releasing our highly sensitive financial, medical, and other personal information onto the dark web. It’s a scary thought!
Although we have limited control over how third parties handle our personal details, there are some simple things we can all put in place to best protect our data online.
MFA is a security measure that requires two or more proofs of identity to grant access to an account. For example, when logging into a PayPal or Facebook account, you’ll receive a notification via your selected choice of SMS, email, pin number etc. to confirm that it was you who was accessing it. This means that if someone does gain access to your pin or password, they’ll still need other forms of identity to log in. If it’s an online account, we recommend having this enabled.
As tempting as it is to use the same password across all of your accounts, or the classic variations of the word ‘Password’, it makes us more vulnerable to cyber-attacks if they’re cracked. Best practice is to create complex passwords that are different for each platform which you can keep track of by using a trustworthy application such as 1Password or Bitwarden.
Don’t recognise the sender? Approach with caution. Phishing and spam emails can often look like they’re from a legitimate source, even pretending to be from your friends and family! They can include links that when clicked, can have you reveal passwords and personal information. If there’s a link in an email that you’re not sure about, it’s best not to click.
Regularly updating your devices and software means they will have the most recent security upgrades to protect you. Hackers look for weaknesses in systems, so setting up auto updates is an easy way to make sure you’re less susceptible to attacks.
Protect your computer from malicious software, viruses, and malware with an effective anti-virus solution. This software will run regular scans on your device, preventing and removing any viruses that try to infect your computer. There are plenty of options to choose from, so research what’s available or consult an IT professional for their recommendations.
Keeping in the loop with the latest news about your subscriptions, providers and other services means that if a security breach happens, you can minimise any potential problems by immediately updating your passwords.
If you do find yourself a victim of a cyber-attack or would like to know more about how to protect your devices and accounts, visit the Australian Cyber Security Centre.
Platinum Investments (NSW) Pty Ltd and Trimac Holdings Pty Ltd, trading as PT Wealth ABN 16 698 445 925 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.
The information contained on this website has been provided as general advice only. The contents have been prepared without taking account of your personal objectives, financial situation or needs. You should, before you make any decision regarding any information, strategies or products mentioned on this website, consult your own financial advisor to consider whether that is appropriate having regard to your own objectives, financial situation and needs.