National KE-CIRT/CC Cybersecurity Best Practice Guide of the Week
Trade Safe Online
TRADE SAFE ONLINE
Online trading allows you to conduct investment transactions over the Internet. The accessibility of the Internet makes it possible for you to research and invest in opportunities from any location at any time. It also reduces the amount of resources (time, effort, and money) you have to devote to managing these accounts and transactions. Recognizing the importance of safeguarding your money, legitimate brokerages take steps to ensure that their transactions are secure. However, online brokerages and the investors who use them are appealing targets for attackers. The amount of financial information in a brokerage’s database makes it valuable; this information can be traded or sold for personal profit. Also, because money is regularly transferred through these accounts, malicious activity may not be noticed immediately.
How can you protect yourself?
1. Be wary of online information
- Anyone can publish information on the internet, so try to verify any online research through other methods before investing any money. Also, be cautious of “hot” investment opportunities advertised online or in email.
2. Check privacy policies
3. Conduct transactions on devices you control
- Avoid conducting transactions on public resources such as internet kiosks, computers in places like libraries, and other shared computers and devices. Other users may introduce security risks.
4. Make sure that your transactions are encrypted
- When information is sent over the internet, attackers may be able to intercept it. Encryption prevents the attackers from being able to view the information.
5. Verify that the website is legitimate
- Attackers may redirect you to a malicious website that looks identical to a legitimate one. They then convince you to submit your personal and financial information, which they use for their own gain. Check the website’s certificate to make sure it is legitimate.
6. Monitor your investments
- Regularly check your accounts for any unusual activity. Report unauthorized transactions immediately.
7. Use strong passwords
- Protect your computer, mobile devices, and accounts with passwords that cannot easily be guessed. Use different passwords for each account.
8. Use and maintain anti-virus software
- Anti-virus software recognizes and protects your computer against most known viruses. However, because attackers are continually writing new viruses, it is important to keep your virus definitions current on your personal computer.
9. Keep software up to date on your personal computer
- Install software updates so that attackers can’t take advantage of known problems or vulnerabilities. Enable automatic updates if the option is available.
Have the above security tips in mind when operating your computer systems. Report any cybercrime incident/activity