October is cybersecurity month!
Today, we are going to highlight ways to safe connected but also to stay safe from cyberthreats.
Technology has been an instrumental component in increasing the efficiency of everyday activities. Every aspect of our daily life can be simplified using the derivatives of technology, and we get through an entire day just selecting things on our smartphones.
But technology transformation comes with its negatives, which can significantly impact our mental health and financial well-being. With the help of technology, scammers are tricking Americans out of more money than ever before. In 2022, reported consumer losses to fraud totaled $8.8 billion (a staggering 30% YoY increase), according to the data from the Federal Trade Commission. Scammers now reach their targets through social media, text, phone calls, instant messenger, and email.
Since 2004, the President of the United States and Congress have declared the month of October to be Cybersecurity Awareness Month, a dedicated month for the public and private sectors to work together to raise awareness about the importance of cybersecurity. As a community of like-minded investors, we deeply care for our members and wanted to outline a few tips to protect yourself and your accounts from fraudsters.
We recently published a free article discussing how to protect yourself:
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