Best cybersecurity

Best cybersecurity: how to protect yourself online

You must proactively protect yourself. You must use:

  • An organized view of your complete financial picture, with alerts.
  • Password protection
  • Credit monitoring

Unless otherwise noted, the links in this post will direct you to another website / resource outside of Anasova.


An organized view with alerts

With the Anasova app you get:

  • A financial makeover and continuous optimization
  • A secure view into all of your accounts
  • Alerts and account monitoring - all from one centralized place
  • Secure document storage


Password Protection

  • We have dozens of passwords
  • Passwords secure our most important information.
  • Remembering multiple passwords is difficult.
  • As a result, we tend to make two mistakes:
    1. We use shorter passwords than we should (not strong)
    2. We repeat passwords (not unique)

 

Solution

  • There is near unanimous consent in the financial and technology communities using a password manager is a best practice.
  • There are three solutions with relatively similar reviews and pricing.
  • Here they are listed in rank order by Trust Pilot Reviews:

Pricing

  • Typically you will see a free, base and premium solution.
  • We recommend the paid base plan and not spending more than $3 per individual, $5 per family, per month.

 


Credit Monitoring

If you do not periodically check your credit, it is virtually impossible to know if your identity has been stolen or if somebody is fraudulently opening accounts in your name. With credit monitoring, mistakes can be caught before they destroy your credit.

 

Solution

If any of the following apply:

  1. Household income under $100,000 (or a household net worth under $250,000)
  2. You feel you are at a low risk of identity theft
  3. You do not intend to borrow much money (i.e. a mortgage)
    • You should use Credit Karma. They do sell your data but the service is free.
    • Do NOT use freecreditreport.com (which is not actually free).

If you any of the following apply:

  1. Household income over $200,000 (or a household net worth greater than $1,000,000)
  2. Suspect that you have any credit related issues or know you have bad credit
  3. Are at a higher risk of identity theft
  4. Intend to regularly borrow a significant sum of money (i.e. a mortgage)

For those in the middle

The decision between a free and paid service is a matter of personal preference.

 


Other helpful cybersecurity tips

You may have limited protection if somebody gains access to your accounts and impersonates you. In addition to a password manager, the following are the recommended best practices for your security:

  1. You should use Multi-Factor Authentication (MFA) on all applications that allow it.

  2. You should have access-alerts set for all of your critical systems. These are notifications that alert you when your system is accessed from a new location or device.

  3. You should have financial alerts on large transactions (email / text notifications).

  4. You should disable your browser from storing passwords and clear out passwords in Google and Keychain.

  5. Online is better than paper. You should eliminate paper statements and paper storage.

  6. Document storage should be in a secure online vault

Three layers of security is best:

  • A password manager + MFA + alerts and notifications is the best practice for security.

 


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