A 60-second read by the Baron Team: It is not uncommon to turn on the news or read an article and hear about a new scam or hacking event. In the past, we have discussed tips to avoid phone scams and provided information about the Equifax data breach. Our Personal Cybersecurity webinar also contains helpful information. Below please find some phishing-scam tips provided by the National Association of Personal Financial Advisors (NAPFA). Baron Financial Group is a proud Fee-Only NAPFA firm, committed to providing financial education.
To learn more about NAPFA, click here.
- Be cautious about opening attachments or clicking on links in emails. Even your colleague or friends’ accounts could be hacked. Files and links can contain malware that can weaken your computer’s security.
- Do your own typing. If a company or organization you know sends you a link or phone number, don’t click. Use your favorite search engine to look up the website or phone number yourself. Even though a link or phone number in an email may look legitimate, scammers can hide the true destination.
- Make the call if you’re not sure. Do not respond to any emails that request personal or financial information. Phishers use pressure tactics and prey on fear. If you think a company, friend or family member really does need personal information from you, pick up the phone and call them yourself using the number on their website or in your address book, not the one in the email.
- Turn on two-factor authentication. For accounts that support it, two-factor authentication requires both your password and an additional piece of information to log in to your account. The second piece could be a code sent to your phone, or a random number generated by an app or a token. This protects your account even if your password is compromised. As an extra precaution, you may want to choose more than one type of second authentication (e.g. a PIN) in case your primary method (such as a phone) is unavailable.
- Back up your files to an external hard drive or cloud storage. Back up your files regularly to protect yourself against viruses or a ransomware attack.
- Keep your security up to date. Use security software you trust, and make sure you set it to update automatically.
- Report phishing emails and texts.
- Forward phishing emails to email@example.com – and to the organization impersonated in the email. Your report is most effective when you include the full email header, but most email programs hide this information. To ensure the header is included, search the name of your email service with “full email header” into your favorite search engine.
- File a report with the Federal Trade Commission at FTC.gov/complaint.
- Visit Identitytheft.gov. Victims of phishing could become victims of identity theft; there are steps you can take to minimize your risk.
You can also report phishing emails to firstname.lastname@example.org. The Anti-Phishing Working Group – which includes ISPs, security vendors, financial institutions and law enforcement agencies – uses these reports to fight phishing.
For any further questions, please contact the Baron team.