Protecting Your Finances in a Digital World
In an increasingly digital world, the convenience of online banking and financial transactions comes hand in hand with heightened security risks. Cyber threats continue to evolve, making it essential for individuals to take proactive steps in safeguarding their finances. As we celebrate Cybersecurity Awareness Month, First International Bank & Trust is committed to ensuring you have the knowledge and tools to protect your hard-earned money.
The Digital Landscape: Vulnerabilities and Threats
The convenience of managing your finances online brings with it a host of vulnerabilities that malicious actors may exploit. From phishing attacks to malware and ransomware, cybercriminals are constantly devising new ways to compromise your financial security.
How to Fortify Your Financial Defenses
1. Strong Passwords: Start with the basics—create strong, unique passwords for your financial accounts. Avoid using easily guessable information like birthdays or common phrases. Instead, opt for the use of a passphrase which is a short sentence consisting of 15 characters or more. Remember length is more important than complexity.
2. Two-Factor Authentication (2FA): Enable 2FA wherever possible. This adds an extra layer of security by requiring you to provide two forms of verification before accessing your account. Usually, it involves something you know (your password) and something you have (like a one-time code sent to your mobile device). The most secure form of 2FA is an app such as Google/Microsoft Authenticator or enabling push notifications.
3. Beware of Phishing: Phishing emails are designed to trick you into revealing sensitive information. Always verify the sender's email address and avoid clicking on suspicious links or downloading attachments from unknown sources.
4. Regular Software Updates: Keep your operating system, antivirus software, and financial apps up to date. These updates often include patches for known vulnerabilities, reducing your risk of falling victim to cyber attacks.
5. Monitor Your Accounts: Regularly review your financial statements and transactions for any unauthorized or suspicious activity. The sooner you detect an issue, the quicker you can take action to mitigate potential damage. Setting up transaction notifications is also a good idea.
6. Secure Wi-Fi: When conducting financial transactions online, ensure you're using a secure, password-protected Wi-Fi network. Public Wi-Fi networks can be vulnerable to interception.
7. Educate Yourself: Stay informed about the latest cyber threats and trends. Knowledge is your best defense against evolving risks.
Our Commitment to Security
At First International Bank & Trust, your financial security is paramount. We employ state-of-the-art security measures to protect your accounts and data. Our website and mobile app utilize encryption protocols to ensure your information remains confidential.
We also continuously monitor for suspicious activities, and our customer support team is here to assist you in case you have any concerns or need assistance with security-related issues.
In today's digital age, protecting your finances is not a choice—it's a necessity. Cybersecurity Awareness Month serves as a reminder that staying vigilant and informed is the best way to defend yourself against evolving cyber threats. By following these best practices and leveraging the security measures in place at First International Bank & Trust, you can enjoy the benefits of online banking with peace of mind. Your financial well-being is our top priority, and we're here to help you every step of the way.
For more information about Cybersecurity Awareness Month 2023 and how to participate in a wide variety of activities, visit cisa.gov/cybersecurity-awareness-month and staysafeonline.org/cybersecurity-awareness-month/. You can also follow and use the hashtag #CybersecurityAwarenessMonth and #SecureOurWorld on social media throughout the month.
Who is FIBT?
First International Bank & Trust (FIBT) is a full-service, family-owned, independent community bank serving a wide range of communities across North Dakota, South Dakota, Minnesota, and Arizona.