Way up high on your list of priorities is going to be trying to make as much money as possible, at least in balance with your lifestyle. But beyond that, there’s the matter of, once you have that money, how secure is it? In other words, if you use banks or other companies that keep a digital copy of your cash, how well is security set up so that it won’t be frittered away outside of your knowledge?
To find that answer to those questions, research financial cybersecurity, pay attention to your passwords, look into bank security, check out the ideas behind bitcoin, and take notes on how fraud prevention works.
Researching Financial Cybersecurity
When you start learning about cybersecurity, for example like a program at Maryville University, you’ll be amazed at how complicated of a system it really is. Especially with all of the processing power available today (even within the constructs of a tiny chip on a tiny phone!), cybersecurity is more important than ever, and largely because of the financial angle. Hack a financial institution, either through back doors or brute strength, and you have the keys to the city.
How Strong Are Your Passwords?
One good question to ask when you want to know how secure your money is – is how strong is your password? Because ultimately, the easiest way for a hacker to get into your finances is to hack your password and then start shuffling money out. If you have one of the most common passwords in use, then you’re an easy target, and at that point, you almost get what you deserve. There are tons of ways to choose and store unhackable passwords – you just can’t be lazy.
What Do Major Banks Use for Security?
One of the most secure places to keep your digital money is in a major bank. Not only do they have some of the best cybersecurity available on a professional level, there’s also consumer protection built in in case there is some type of error or criminal activity at some point.
Looking Into Bitcoin
An interesting study when it comes to the security of money can be seen when you buy into the bitcoin system. The general population is still a little uncertain of how it will work out in the end, but in the meantime, it’s been an extremely secure and consistent way to buy and sell things in its first run.
Respecting Fraud Prevention
In most cases, places where you store digital money will have some kind of fraud prevention built in. In fact, when you choose where you want to put your money, this should be one of your first requirements. Because you don’t control the system as a simple user of that system, you shouldn’t be responsible if it gets messed up somehow.