Keeping Your Money Safe in a Digital World

The digital world has offered us amazing opportunities and made life a hundred times more convenient. Through online technologies, we can access our bank account in the middle of nowhere, use bill pay to pay a phone bill that is due in a few minutes, transfer money to a checking account and then buy a new CD on Amazon.com. All we have to do is swipe our finger on a smart phone. The internet acts as a super highway for moving money with very little effort on our part. With the right people using the internet, this process would be perfect.

Unfortunately, not all the right people are using the internet. There are many out there who would steal your account information to use for their own benefit. You could look at your account one day, only to find a zeroed out balance. Upon further investigation, you find that all of your money went to purchasing baseboards from a Home Depot in Alberta.

Although not everyone is honest on the web, there are a few things that you can to do to ensure your money is safe.

1) Use a credit card for all online purchases. Using a credit card keeps your actual money safe while allowing you the time to appeal your bank for credit card fraud. You can likely get the charge omitted from your bill well before the billing date. That way your money stays safe with you.

2) If you are planning on making a lot of purchases online, call up your bank and ask them for a randomized, temporary credit card number. You can set a preset limit on the card as well as an impending expiration date. That way, even if someone does get a hold of your card information, you and your bank will not be hit with a ridiculously large bill.

3) Use an anonymizer. Look into how you can use a proxy server to mask your computer’s identity. Essentially, an anonymizer will make it appear that you are coming from a different internet location. In English that means you are purchasing things from your home in Provo, UT, but the web thinks you are coming from mainland China. Although it is not a perfect system, it will fool a lot of people, protecting you just that much more.

Your internet safety is vital for those that venture into the online world. You do not know who to trust and you should be very careful to protect sensitive information as best you can.

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