Financial Creativity
It seems like the greatest creativity has and still is taking place in the technology sector. All you have to do is look at the inventions and ingenious uses of mobile phones, iPads and computers for instance and the constantly evolving Internet applications which go hand in hand with all these devices.
Nowadays, you don't even have to go all the way to the bank anymore to pay your bills which saves us a lot of time, inconvenience, gas-money and stamps. Most of our financial conducts are easily and quickly taken care of from the comforts of our home due to the fact that Personal Banking has become available to us and is gaining more and more popularity.
Unfortunately, these innovating conveniences also open the door for all kinds of new threats, scams, and other cunning ways which jeopardize the safety of all our personal information and our hard earned money and it would be wise to take every precaution in consideration to avoid falling prey to any of those.
It is of the utmost importance to ensure that all your personal data, Social Security Number, credit card numbers, and banking information are protected, safe and secure. You ought to be able to find and sift through all the information concerning your bank's privacy policy on their website or may already have been given a copy of that when you opened an account.
Some banks may share some of your information with services and businesses which have no ties to the bank, but are linked to them. That doesn't automatically mean that those companies are safe to use and you need to look for a 'lock' or 'key' icon on the screen when purchasing products online; this icon tells you that your information is scrambled which prevents unauthorized access.
In case you don't want your bank to share any of your info with other sites then the bank is required to offer you a way to opt out, but that still doesn't entirely protect you from fraudulent actions where personal banking is concerned and another good idea is to make sure that your bank is FDIC insured.
One look at their website should make that clear by either displaying the FDIC logo, or indication that they are a member of or insured by the FDIC, because most financial institutions such as Aurora Bank have this displayed on their home page. When you are not sure where it pertains to another bank, then you can always do a search on the FDIC's website.
The most common mistake is to reply to an e-mail asking you for personal information. No matter how creative and legit it appears, don't click on the links inside of it, but either call the institution in question, or use your browser to go directly to the website. Safety first!
Nowadays, you don't even have to go all the way to the bank anymore to pay your bills which saves us a lot of time, inconvenience, gas-money and stamps. Most of our financial conducts are easily and quickly taken care of from the comforts of our home due to the fact that Personal Banking has become available to us and is gaining more and more popularity.
Unfortunately, these innovating conveniences also open the door for all kinds of new threats, scams, and other cunning ways which jeopardize the safety of all our personal information and our hard earned money and it would be wise to take every precaution in consideration to avoid falling prey to any of those.
It is of the utmost importance to ensure that all your personal data, Social Security Number, credit card numbers, and banking information are protected, safe and secure. You ought to be able to find and sift through all the information concerning your bank's privacy policy on their website or may already have been given a copy of that when you opened an account.
Some banks may share some of your information with services and businesses which have no ties to the bank, but are linked to them. That doesn't automatically mean that those companies are safe to use and you need to look for a 'lock' or 'key' icon on the screen when purchasing products online; this icon tells you that your information is scrambled which prevents unauthorized access.
In case you don't want your bank to share any of your info with other sites then the bank is required to offer you a way to opt out, but that still doesn't entirely protect you from fraudulent actions where personal banking is concerned and another good idea is to make sure that your bank is FDIC insured.
One look at their website should make that clear by either displaying the FDIC logo, or indication that they are a member of or insured by the FDIC, because most financial institutions such as Aurora Bank have this displayed on their home page. When you are not sure where it pertains to another bank, then you can always do a search on the FDIC's website.
The most common mistake is to reply to an e-mail asking you for personal information. No matter how creative and legit it appears, don't click on the links inside of it, but either call the institution in question, or use your browser to go directly to the website. Safety first!
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