It's always a good idea to contact the customer service department of any organization one is working with directly first, either via their trustworthy website or by calling their toll-free number, to ensure that they're the ones who requested the person's financial details.

FREMONT, CA: Living in a world that is heavily reliant on the Internet has its drawbacks, one of the most serious of which is information and identity theft. The risk of personal financial information theft is greater than ever before, with millions of people engaged in online shopping, banking, and money transfers. Fraudsters can easily impersonate a person's bank or service provider and ask for credit card information via email or mail. They can even infect their computer devices with malware in order to steal one's financial information without their knowledge.

Automation in Fintech to Overcome Digital DivideHowever, there are many ways that you can safeguard your personal financial information to prevent it from falling into the wrong hands. Here are a few to consider:

Beware of Impersonators

A person's personal financial information should belong to them alone. Only their spouse or a trusted friend should have access to it. Many fraudsters pose as someone else both online and offline in order to gain access to one's financial details. One should never give out personal financial details via mail, phone, or the Internet unless they have initiated contact and are certain that they are dealing with the right person.

It's always a good idea to contact the customer service department of any organization one is working with directly first, either via their trustworthy website or by calling their toll-free number, to ensure that they're the ones who requested the person's financial details.

Disposing Personal Financial Information Safely

A person should consider what a fraudster might do if they got their hands on some material or computer containing one's confidential financial details before they dispose of it. It is better to invest in a cross-cut or micro-cut shredder for financial information that always arrives in the mail to help one fully and safely delete any information printed inside their papers. One should remove any financial details stored on devices like laptops, computers, laptops, and smart phones by using a protected deletion software to uninstall confidential files before resetting them to factory settings and recycling them. One may also look for other ways to permanently erase details from their computer on the manufacturer's website or in forums.

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