National Safety Month: Ensuring Your Financial Safety

National Safety Month: Ensuring Your Financial Safety

June is National Safety Month, the perfect time to reflect on how we can keep not just our homes and workplaces safe but also our finances. At COPFCU, your financial well-being is our priority. Protecting your financial health is crucial for achieving long-term stability and peace of mind.

7 Tips to Safeguard Your Finances

In today’s digital age, protecting your financial well-being is crucial. Here are some essential tips to keep your finances secure:

1. Use Strong, Unique Passwords

One of the simplest yet most effective ways to protect your accounts is by using strong, unique passwords. Avoid using easily guessable information like birthdays or common words. Instead, opt for a mix of letters, numbers, and special characters. Consider using a password manager to keep track of your passwords securely.

2. Monitor Your Accounts Regularly

Keeping a close eye on your account activities is one of the best ways to detect and prevent fraudulent activities. Regularly check your balances and transactions through your online banking platform or mobile app. Report any suspicious or unauthorized activity immediately.

3. Enable Two-Factor Authorization

Enhance your account security by enabling two-factor authentication (2FA) wherever possible. This adds an extra layer of protection by requiring a second form of verification, such as a text message code or fingerprint scan, in addition to your password.

4. Be Wary of Phishing Scams

Phishing scams are attempts to steal your personal information by posing as a trustworthy entity. Be cautious of emails, texts, or calls that ask for your personal information or direct you to a website to enter your details. Always verify the source before clicking on any links or providing information.

5. Secure Your Devices

Ensure that your computers, smartphones, and tablets are protected with up-to-date security software. Use firewalls and enable automatic updates to protect against the latest threats. Additionally, avoid using public Wi-Fi for financial transactions as these networks can be less secure.

6. Safeguard Personal Information

Keep your personal information private and share it only when absolutely necessary. Shred documents that contain sensitive information before disposing of them. When online, be mindful of the information you share on social media and other platforms.

7. Educate Yourself

Stay informed about the latest security threats and how to protect yourself. Many credit unions and other financial institutions offer resources and workshops on financial security. Take advantage of these opportunities to educate yourself and stay ahead of potential risks.

By following these tips and staying vigilant, you can help ensure that your finances remain secure. For more information on how to protect your finances, visit our fraud resources page.