))
Protect Yourself From Fraud: Cybersecurity 101
Manage episode 467342403 series 3418897
Content provided by Chris Galeski. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Galeski or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
This week’s episode of THE FINANCIAL COMMUTE features a special session recorded live from Morton Wealth’s 2024 Investor Symposium. Executive Vice President Eric Selter invites Carmine Cicalese, Senior Partner at Digital Privacy & Protection, LLC, to discuss protecting oneself from cybersecurity threats.
Here are some key takeaways from their conversation:
- More than half of U.S. citizens have experienced cybercrime, with identity theft occurring every 22 seconds.
- Fraudsters typically use phishing (email), smishing (text), and vishing (voice) to manipulate victims, often using AI to clone voices for scams.
- If money is stolen from an online bank or investment account, recovery is unlikely due to liability agreements customers sign.
- Best practices for protecting yourself include using a VPN, a password manager, a private email (not a free email platform like Gmail or Outlook) for sensitive matters, multi-factor authentication, ensuring your passwords are strong and unique (20+ characters), changing default passwords on smart home devices, and refraining from posting too much about your personal life on social media.
- It's crucial to remember that if a platform is free, you are the product. They are probably selling your data, and it is important to practice caution when communicating personal info across these free platforms.
- The best protection is a healthy dose of skepticism. If something feels suspicious, don’t engage.
144 episodes
Share
