Be Smart – Save Money By Increasing Your Online Security

If you’re reading this blog, you’re an online consumer. Chances are, you have bought things, paid bills and maybe even gotten asuper-fast and secure online loan from Mogo. Are you safe enough online?

In 2007, 4 out of every 10 Canadians used online banking, and that has been increasing by the year. With phone apps, and easier ways to transfer funds online more of us are embracing online finances – this is great, but it’s also a chance for unscrupulous characters to take advantage.

Online identity theft is growing every year and it’s up to you to save your cash by taking some simple steps to protect it online. Sure – insurance can cover the financial losses, but it’s worthwhile to get in front of online fraud and keep your cash safe.

Password Up

Online security starts with your passwords. Be diligent with your passwords and update them regularly. This sounds like a pain, but it’s really worthwhile. The last thing you want to do is use the SAME password for everything you do online. When you do that, you leave yourself open to scams, phishing attacks and more.

Log Out

Get in the habit of logging out of sensitive materials when you’re done on the computer. Whether you’re on your phone, a personal computer or an internet café (please avoid these for banking as much as possible), log out, clear your cookies, end the session. Don’t know how to do it? Ask your kids or a nephew… I’m sure they’re already doing it for you.

Stay on Top of Your Accounts

I know we don’t always know exactly what’s going on in our banking accounts, but it’s important. Catching online fraud happens when you carefully monitor your actions. Don’t rely on the banks to do it for you!