HOW TO SAFEGUARD OUR PERSONAL AND FINANCIAL DATA?

As Internet criminals grow smarter and sneakier, it's increasingly difficult to keep our personal and financial data safe. If we don't take basic steps to protect our information, we may find ourselves a victim of fraud or identity theft.

To ensure that we don't fall prey to cyber fraud, be sure to follow these top 10 rules to ensure our information safe online:

1. Install a firewall.

A firewall is a software program designed to allow good people in and keep bad people out. Most new computers come with firewalls integrated into their operating systems. Those who have a DSL or cable modem have an added layer of protection because these modems come with yet another firewall built in. If you have an older computer or use dial up, you may need to purchase a firewall separately and install it yourself.

2. Install and update antispyware and antivirus programs.

Microsoft and numerous application vendors offer users regular updates to existing antispyware programs, so be on the lookout. As for antivirus protection, Symantec and Norton antivirus are popular choices.

3. Avoid accessing financial information in public.

Resist logging on to check your bank balance when working from a coffee shop that offers wireless access. These systems are convenient, but also unknown. Casual users have no way of assessing how sturdy their firewalls are.

4. Update your browser.

Updating your browser on a regular basis can help plug up security holes, so make it a habit.

5. Look for "locks."

The Web address should start with "https" instead of "http". Also, look for small lock icon in the lower-right corner of the browser window.

6. Don't open mystery attachments.

Never open an attachment or click on a link sent to you by an unknown party. Attachments can contain viruses and links can lead unsuspecting users to dummy sites where they are asked to input financial information.

7. Don't be paranoid, but be aware.

We don't need to be scared, but we need to be cautious and cognizant that there are people on the Internet that will take advantage if we allow them to. If something doesn't seem right, trust your gut.

8. Be cautious about providing your information.

Don't give your financial information or personally identifying details to organizations you don't know or haven't dealt with before. It's important to know that giving simply personal information such as date of birth and mother's maiden name can be just as dangerous as financial information.

9. Be careful of the merchants with which you deal.

Try to make sure it is a legitimate site; not just a spoof of a real site. Only do business with reputable companies.

10. Keep your eye out for scams.

Many people have become familiar with common scams and delete them without hesitation, but now there are more convincing scam e-mails. If you receive an e-mail from any institution asking for your personal or financial information, even if it appears to come from a place you trust such as eBay or Bank of America, do not respond. Instead, pick up the phone and call to verify that information if necessary.

by Leong Yen Teng