Cybersecurity Awareness Month

• Friday, October 11, 2024

October is Cybersecurity Awareness Month and Garden Grove Unified School District’s Information Technology Department has prepared some helpful tips and resources about this important topic.

In previous weeks, we have considered how to Protect Your Identity and tips for Online Shopping Safety. This week we focus on Banking Scams and how to protect yourself.

Some of the cleverest minds in the world are devising and carrying out schemes to separate people from their money. More than a hundred years ago, long before the internet came into existence, one writer noted: “There are some frauds so well conducted, that it would be stupidity not to be deceived by them.” What was true a century ago is even more true today. Cybercriminals are using the power of technology to devise and carry out even more clever schemes.

Banking scams are one of their favorite tools. Awareness of common fraud tactics and adopting safe practices can help protect your finances.

TIPS TO AVOID BANKING SCAMS:

1. Use Strong Passwords and Enable Two-Factor Authentication (2FA)
   A strong password means a strong defense against hackers.  Avoid reusing passwords across multiple platforms. Whenever possible, Enable two-factor authentication (2FA).  2FA adds an extra layer of security, requiring a second form of verification, such as a code sent to your phone.  Enable biometrics like Touch ID or Face ID to upgrade your overall internet safety.

2. Keep Your Devices Up to Date
   Keeping your phone, tablet, and computer up to date with the latest browsers and operating systems helps protect against vulnerabilities that hackers can exploit.  Cybercriminals often exploit vulnerabilities in outdated software to gain access to your information. Keep your devices and banking apps updated with the latest security patches to prevent unauthorized access.

3. Beware of Phishing/Vishing Scams
   Phishing and vishing are common tactics where fraudsters impersonate legitimate organizations, often through emails, texts, or phone calls, to trick you into providing sensitive information. Always double-check the sender’s email address and avoid clicking on suspicious links. Banks will never ask for personal details, such as passwords or account numbers, through unsolicited messages.

4. Avoid Public Wi-Fi for Banking
   Public Wi-Fi networks are notoriously insecure, making it easier for hackers to intercept your information. Avoid logging into your banking apps or conducting financial transactions over public or unsecured Wi-Fi connections.

5. Monitor Account Activity
   Regularly review your bank statements and online accounts for unauthorized transactions. Set up mobile alerts for real-time notifications of activities on your credit card, debit card, and bank accounts. Quick detection of fraudulent activity can help minimize damage.

6. Know the Warning Signs
   Be wary of any communication urging immediate action, such as "your account has been suspended" or "unauthorized access detected." These are often scare tactics designed to make you act impulsively. Always contact your bank directly using official channels to verify any claims.

7. Report Suspicious Activity Immediately
   If you suspect fraud or notice any suspicious activity on your account, contact your bank immediately. Banks have dedicated teams to investigate fraud, and quick reporting can often prevent further losses.

By staying vigilant and adopting these cybersecurity measures, you can greatly reduce the risk of falling victim to banking fraud. Always remember: if something seems suspicious, it's better to double-check than to risk your financial security.

Click here to learn more tips and watch helpful videos on this topic and other Cybersecurity topics.