March is Fraud Protection month and Valley First just released a survey they conducted on fraud headlines. It does beg the question: How protected is your business including your client’s information that you store?
Your security risk is always worth double checking with your internet provider or getting a second opinion and when it comes to best practices why not educate all your employees about protecting their own home computers and networks. Seems like that would go a long way to employee engagement and maybe you would even learn a few things from them.
More about the survey below:
A whopping 33.5 per cent of B.C. residents feel indifference when they read about fraud in the news, finds a survey conducted by Valley First, a division of First West Credit Union.
“While it’s heartening to discover nearly half of respondents feel outrange when they hear about fraud, it’s that apathetic one-third we need to get the cyber security message to because their indifference is putting them at risk,” says Ryan Smith, cyber security expert with Valley First.
Valley First polled 500 B.C. residents via Google Consumer Survey about their cyber security and fraud prevention attitudes and practices. The results reveal gaps and opportunities for protection and detection.
“While people might think they are powerless to fight cybercrime, that’s simply not true,” says Smith.
Smith recommends three simple, easy to implement strategies to protecting yourself, the first of which is installing antivirus software on your computer/devises and performing regular updates.
The survey found nearly 40 per cent of respondents either didn’t have or weren’t sure they had this protection. “Auto-updates for antivirus protection software and system upgrades reduces your risk considerably,” says Smith.
Smith’s second tip is to only check your accounts and make purchases on a secure, legitimate Wi-Fi network. Thirty-four per cent of survey respondents admitted to logging into their email, social or financial accounts on public Wi-Fi.
“The Wi-Fi at the coffee shop or hotel does not count as secure,” says Smith. “It’s far too easy for a hacker to set up a fake wireless access point that looks like the real thing and steal the credentials of everyone who uses it.”
Speaking of credentials, password protection is one of the easier ways to keep criminals out of your accounts. Twenty-five per cent of respondents to Valley First’s fraud survey either don’t remember the last time they changed their passwords or have never changed them, which is significant. While it’s heartening that 41.8 per cent of survey respondents change their passwords every year, Smith advises doing it more frequently.
“Don’t have a ‘set it and forget it’ approach to passwords,” says Smith. “I reset my passwords every six months and I recommend using different passwords for every account you have.”
Remembering that many passwords can be difficult, so Smith’s solution is downloading a password management app with two factor authentication,” he says. “It’s secure and two-factor authentication also offers that extra level of protection so you can use that hotel Wi-Fi without fear of being hacked.”
For more information contact Meredith Birchall-Spencer. Manager, Communications 250-487-7335 or firstname.lastname@example.org