Posts

Heather MacLean, Privacy

Six Things to Do When Your Bank Has Been Hacked

Each day we hear about different companies that have experienced a hack or data breach. Somehow however, when we learn it is was bank that was hacked, it is quite different. Many more of us become very concerned for our privacy and more importantly, we become extremely concerned about our financial security. Rightly so. Our entire lives are now digital and at risk.

While we can’t turn back the clock and we can certainly hope that we won’t get a notification from our bank that we were one of the victims. We want to be one of those who weren’t impacted. If however, we are not so lucky there are some steps that can be taken to lessen the impact. Here are six things you can do immediately when your bank has been hacked:

  1. Update all passwords and security questions.
  2. Don’t use the same password for multiple accounts.
  3. If you use a password manager, maybe consider not using it for your banking. Keep your banking passwords separate and distinct.
  4. Be diligent in checking your online statements – both credit cards and banking and immediately report abnormalities to your provider.
  5. When monitoring your accounts, don’t just look for large purchase that you don’t recognize. Look for any abnormality. You could have a serious of purchases under $20.
  6. Monitor your credit rating. If your bank was breached, ask for credit monitoring and protection.

These are just six things that you can do immediately. If you are still worried about your privacy, contact us for more detail on how you can implement other privacy measures.