In order to keep your financial and personal information safe, it’s necessary to look for red flags and be proactive about security. Here's important information to help safeguard your money, your personal information, and your family today.
(BPT) - You work hard for your money. Unfortunately, crooks work hard as well, attempting various tactics to take your money. If you fall for a scam, little can be done to help you get your money back. In order to keep your financial and personal information safe, it’s necessary to look for red flags and be proactive about security.
Know the red flags
From classic methods to using sophisticated technology, criminals will try a variety of strategies to gain access to your money. If you experience any of the following, consider it a red flag and pause before you act:
Learn the do's and don'ts
The Bank of America Privacy and Security Center provides key actions you can take to help protect yourself from becoming the victim of a scam:
Learn more and find out about the latest scam and fraud prevention news by visiting www.bankofamerica.com/security.
¹Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle.
Zelle and the Zelle-related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
When it comes to economics, many teens’ mouths write checks their knowledge can’t cash. Help influence the financial literacy of a teen in your life with these practical money-management tips.
5 Financial Tips for Teens
(Family Features) When it comes to economics, many teens’ mouths write checks their knowledge can’t cash.
While 93% of American teens say they know how the economy works, 29% have had no economic schooling, according to a survey of 1,000 U.S. teens ages 13-18 by Wakefield Research on behalf of Junior Achievement and the Charles Koch Foundation. Even in light of their false confidence, teens are aware of the importance of financial education.
Although the study identified numerous gaps in economic and financial knowledge, it also showed teens do know where to look for credible information. Two-thirds (67%) recognize they should use their school as a resource.
“One of the things we hear often is that some textbooks are written too academically for most students to understand the concepts,” said Jack E. Kosakowski, president and CEO of Junior Achievement USA. “Our programs, which work as a complement to the school curriculum, are written from the perspective of today’s teens and use digital content to help bring economic concepts to life for students.”
Beyond the classroom, another 63% of students believe they should use their parents as resources for economics education. Help influence the financial literacy of a teen in your life with these practical money-management tips adapted from the curriculum.
Set goals. Managing your money is more meaningful when you’re doing it with purpose. This might mean budgeting to ensure you have enough money to maintain your auto insurance and keep gas in your car, or you may be saving for a big senior trip. Knowing what you want to achieve with your money can help you plan how you spend it more wisely.
Weigh needs vs. wants. When you begin making your own money, it’s easier to indulge your own wishes and spend money on things you don’t necessarily need. To some extent, that’s not a bad thing; rewarding yourself is fine when you do so within reason. That means not exceeding your available funds, and not forsaking things you truly need, like gas money to get to and from a job or school.
Get a debit card. Most people find that having cash on hand makes it easier to spend. If you use a debit card instead, you’re an extra step away from spending so you have a little more time to consider your purchase. Another benefit of a debit card is it helps track your purchases in real time so you can keep constant tabs on your balance and ensure you don’t overdraft your account.
Start a savings habit. Even if your income doesn’t allow for much, it’s a good idea to get in the habit of setting aside a portion of each check. It may only be $10, but over time each $10 deposit can build your account toward a long-range goal.
Protect your privacy. Teens who’ve grown up in the digital age tend to be less skeptical and cautious about privacy matters than their elder counterparts. It’s important that young people understand the potential impact of failing to protect their privacy when it comes to financial matters, including the possibility that their identities could be stolen and all of their money siphoned away. Teaching kids about security is an essential lesson in economics.
Visit ja.org for more tips and information to help raise your teen’s financial literacy.
Photo courtesy of Getty ImagesSOURCE:
(BPT) - Your smartphone, your tablet, your computer - they are some of your most important and most used possessions. They are the daily tools you use for research, to connect with others and make purchases. You take them everywhere and fill them with your important, personal information.
And all of that makes them the perfect targets for a cyberattack.
The number of cybercrime incidents in the United States grows each year, and as Americans move into an increasingly digital society - thanks to smart phones, smart cars and smart in-home technologies - cybercrime is expected to grow in frequency again in 2017. Protecting yourself, your family and the vital information on your devices means increasing your focus on your own cybersecurity. That starts with these five tips.
* Recognize you're not immune. Cyberattacks increase in frequency and severity every year, so don't make the mistake of believing it can't happen to you. "It's important to protect yourself by taking personal responsibility for your data; we can't expect banks or other institutions to do it for us," said Jim Karagiannes, Ph.D., professor in DeVry University's College of Engineering & Information Services.
"We lock our doors and take other security measures to protect our home and car. We need to also take precautions with our personal security and information."
* Don't store your username, password or credit card information with a website. The convenience makes it tempting, but websites are a popular target for cybercriminals because a successful hack gives them access to hundreds or thousands of files, including yours. Even storing this information on your own computer can expose it in a cyberattack, and if your credit card information is captured, criminals can use it to gather your social security number. That exposes you to identify theft. Keep this information off your devices and, instead, create complex passwords and write down all of your usernames and passwords on a piece of paper that you keep in a safe place, such as a deposit box.
* Use only a credit card, not a debit card, when making online purchases. Using your credit card instead of your debit card allows you to keep better track of the purchases you have made. It also limits the effects of any possible theft to just the one card instead of several. If you have no choice but to use a debit card for an online purchase, do not use your pin number online.
* If it feels like a trick, it probably is. Cybercriminals often engage in "social engineering" or other non-electronic methods to try and trick you into surrendering your data. If you get a phone call about a banking or credit card issue or if your computer tells you to call a number because it just caught a virus, be cautious. Do not divulge any personal history or credit card details. Hang up or ignore the computer-generated notices and call the customer service number of the institution's website with any questions.
* Replace your existing credit cards with chip cards as soon as possible. Chip cards are becoming the new normal these days, and if your current credit card does not have a silver square chip on its front, consider replacing it quickly. Popularized in Europe, chip cards possess the necessary encrypted information to eliminate delays in the transaction process. Doing so closes the window criminals need to steal your personal information, thus protecting you from identity theft.
You have no intention of abandoning your devices, of course, so protect them. Following the tips above will help better secure your technology and personal information from the threats of cybercrime so you can enjoy your devices with greater peace of mind.
(BPT) - Your Facebook profile is a representation of you on the Web. It's where you connect with friends, learn the latest news and find the best reviews of the restaurants and products you enjoy every day. You use your Facebook profile all the time, so you want to make sure the information you display on Facebook remains as safe and secure as possible.
Facebook works 24/7 to protect people's accounts, but there are also simple things you can do to take more control of your security. Here are three easy options:
1. Take a security checkup.
Security Checkup is the quickest and easiest way to add extra layers of protection to your Facebook account. With three simple steps you can:
* Control where you're logged in. This makes it easy to log out of devices you haven't used in a while or may have forgotten about, meaning you'll only be logged into Facebook on devices and browsers you approve.
* Turn on Login Alerts. When this feature is activated, you'll receive a notification or email alert whenever someone tries to log into your account from a new device or browser.
* Review your password security. Only use strong and unique passwords. You should never use your Facebook password anywhere else online and never share it with anyone.
You can start your Security Checkup any time by searching for "security checkup" in the Facebook Help Center, or by typing facebook.com/securitycheckup into your browser.
2. Turn on login approvals.
If you're only going to make one change to improve the security of your account, this is it. Otherwise known as two-factor authentication (2FA), login approvals provide an extra security step whenever you log in from a new device. You will get a special code on your phone that you use along with your password to complete the login process.
To turn on login approvals, all you have to do is go to "Settings" in the Facebook app on your phone or in your browser. Once you've done this, select "Security Settings" and check the box next to "Login Approvals." If you don't have login approvals turned on already, you should do it as soon as possible.
3. Use your Facebook login with third-party apps.
Your Facebook login allows you to quickly and safely log into many third-party apps using your Facebook account. Maintaining a login system is hard, and by using your Facebook account, you don't need to trust your login to every app you sign into. They never get to see your Facebook password. As an added bonus, using Facebook Login means you don't need to create and remember lots of new passwords.
You can also control what information you share with these apps by clicking "Edit the Info You Provide." And best of all, you choose whether to let the app post on your behalf.
To sign into an app with Facebook, simply click on the Facebook button on the app's sign-in page.
Improve your Facebook security today
In addition to the steps above, you can also visit the Facebook Safety Center, which provides additional tools to help control your experience on Facebook, as well as numerous tips and resources for safe and secure sharing. It also gives you access to the Bullying Prevention Hub, a resource for teens, parents and educators seeking guidance on how to prevent and address bullying on the Internet.
Your home comes with locks on the doors. Your car comes with an alarm. Your cell phone comes with a passcode. Yet every day you take additional steps to protect these possessions and the valuable information they hold. Why not do the same for your Facebook account? With just a few simple clicks, you can give your account a tune-up and more safely connect and share on Facebook with the people you care about.
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