Worried about your financial security? Knowing how to protect your identity online is crucial, especially as the threat of cybercrime continues to grow. With December being ID Theft and Protection Awareness Month, there’s no better time to take a closer look at your online habits and tighten up your defenses. Protecting your personal information is vital, particularly during the holiday season when online shopping spikes.

At Bank of the Rockies, we’re committed to helping you stay safe and secure. Let’s explore the essential steps you can take to safeguard your identity online.

1. Create Strong, Unique Passwords

Strong, unique passwords are your first line of defense against cyber threats. You can strengthen your password protection by:

  • Using a combination of letters, numbers, and special characters
  • Avoiding common phrases or easily guessed information (like birthdays or pet names)
  • Using a password manager to securely store and organize your passwords for easy access
  • Never reusing passwords across different accounts
  • Regularly updating your passwords to stay ahead of potential threats

By taking these simple steps to protect your passwords, you’re putting yourself in control of your online security and giving yourself peace of mind, knowing you’re staying one step ahead of cyber threats.

2. Enable Multi-Factor Authentication (MFA)

While strong passwords are a great first step, adding multi-factor authentication (MFA) offers even more protection. MFA requires two or more verification methods, making it harder for unauthorized users to access your accounts.

Enable MFA on any platform that offers it, including your bank, email, and social media. This extra layer of security can help keep your sensitive information safe.

3. Be Cautious with Public Wi-Fi

Using free public Wi-Fi can leave your data exposed to anyone on the same network. It’s not safe for sensitive activities like logging into your bank or making online purchases. Instead, prioritize secure, private Wi-Fi for financial transactions.

If you must use public Wi-Fi, safeguard your data by using a Virtual Private Network (VPN). A VPN encrypts your connection, making it much harder for anyone to track your activity or access your personal information.

4. Avoid Phishing Scams

Phishing techniques involve any instance in which a person poses as another company or person and tries to capture your information. For example, a fake email that looks like it came from your bank could contain a link that exposes your login credentials.

If you receive a suspicious email, don’t rush to click any links. Instead, verify the sender’s address carefully, reach out to the company or person through a trusted contact method, or simply delete the email to avoid potential risks.

5. Monitor Your Financial Accounts Regularly

Focus on ensuring your account activity is always accurate. It is critical to check your bank accounts routinely, including credit card accounts, and report errors to your bank. You can also set up alerts to let you know when an unusual transaction takes place.

6. Limit the Personal Information You Share Online

To reduce your online vulnerabilities and protect your identity, avoid sharing personal details on social media. Keep sensitive information like passwords, your location, or other data that could be exploited off public platforms.

Taking these steps is essential in learning how to protect your identity online and ensuring your personal data stays secure.

7. Use Security Software

Always use antivirus and anti-malware programs to minimize risks for your internet access. Be sure to choose reputable software and install it across all your devices. Regularly update your security programs to stay ahead of new threats and vulnerabilities as they emerge. A proactive approach ensures that your data and devices are safeguarded from the latest risks.

Safeguard Your Identity Year-Round

ID theft is a serious and growing concern. This month, focus on building healthier financial habits and learn how to protect your identity online to minimize risks and keep your personal information secure.

Bank of the Rockies prioritizes customer safety and offers secure online banking solutions to fit your needs. Explore our fraud prevention resources to stay informed and protect yourself against online threats.