Digital safety tips: five pillars to protect your money online

 Enrique Rodríguez Mahuad, CEO at Banco G&T Continental
Enrique Rodríguez Mahuad, CEO at Banco G&T Continental | Banco G&T Continental

In today's digital environment, protecting financial assets requires more than just monitoring account balances. As online threats evolve, individuals are urged to safeguard personal data and financial transactions using practical security measures.

One recommended practice is activating real-time notifications for banking activities. These alerts inform users of any movement in their accounts or suspicious login attempts, enabling prompt action if unauthorized activity occurs.

Two-factor authentication (2FA) has become a widely adopted standard for online security. This method requires not only a password but also a unique code sent to the user's device, making it harder for attackers to access accounts even if passwords are compromised.

Securing devices themselves is also critical. Features such as automatic screen locks, facial recognition, or fingerprint authentication help prevent unauthorized access if a phone or computer is lost or stolen. Users are advised against logging into sensitive accounts on shared devices.

Phishing remains a significant threat in the digital age. Individuals should be wary of unsolicited emails, messages, or calls requesting confidential information like passwords or account numbers. According to financial institutions, "Banks never request confidential information through these means."

Regularly reviewing bank statements and transaction histories can help detect inconsistencies early. Spending a few minutes each week checking accounts may prevent major losses due to fraud.

Creating strong passwords further enhances security. Experts suggest combining uppercase and lowercase letters, numbers, and symbols; avoiding personal information such as names or dates; updating passwords every three months; and considering password managers for handling multiple accounts.

"The digital transformation has provided powerful tools but also new challenges," reads the guidance from Banco G&T Continental. "Integrating these tips into your daily routine allows you to navigate the financial world with peace of mind, confidence, and control."