RL082 – How can you protect your personal information online?

Today on the Retirement Lifestyle Show, Roshan Loungani, Erik Olson, and Adrian Nicholson talk about cyber fraud and how criminals are now targeting gaming, leisure, and travel industries. They explain tactics used by criminals to target individuals, the pros and cons of using password managers, and how to protect yourself from potential attacks. Listen now to learn How can you protect your personal information online?

[03:30] Cyber fraud in a Post-Pandemic World

[08:50] Tips on How to Protect Yourself from Cybercriminals

[11:54] Credit Freeze and Fraud Alerts

[16:20] The Pros and Cons of Using Password Managers

[20:40] Cybercriminals Targeting Cryptocurrencies

[25:20] Are You Protecting Your Aging Parents from Online Fraud

Links and Resources
Devin Kropp – How to Create Ultra-Secure Passwords That Keep Hackers Away PDF Download

To read the Full Show Notes scroll down or click here.

  • Roshan Loungani can be reached at roshan.loungani@aretewealth.com or at 202-536-4468.
  • Erik Olson can be reached at erik.olson@aretewealth.com or 815-940-4652.
  • Adrian Nicholson can be reached at adrian.nicholson@aretewealth.com or at 703-915-8905

 

Listen now to learn How can you protect your personal information online?

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Full Show Notes:

Cyber Fraud in a Post-Pandemic World

The pandemic might have forced people to adopt a virtual way of living and doing business, but it also opened pathways for cybercriminals to up their game. Now that most businesses and consumers have shifted their businesses online, a new wave of fraud has emerged, targeting most payment platforms in the country. The unprecedented changes in e-commerce have skyrocketed the number of criminals looking to exploit weaknesses in e-commerce sites. Although cybercriminals can target all major industries globally, the interesting part is that more of these attacks have shifted from financial services to the gaming, travel, and leisure industries. According to an article by CNBC, gaming, travel, and leisure industries in the US reported a 261.9% spike for gaming and 136.6% for travel and leisure for the number of reported cyberattacks.  

As earlier mentioned, every industry can be targeted. And although you might feel like you can’t be attacked, nobody’s immune to these attacks. So, it always pays to have an extra layer of security for your online transactions. Remember, nearly 80% of successful fraud involve defrauding humans rather than criminals exploiting weaknesses in computer code.

Are You Protecting Your Aging Parents and Children from Online Fraud?

Although cybercrime affects people of all ages and backgrounds, children and the elderly are frequently at risk for most cyberattacks. This is because children and older adults make attractive targets. After all, they’re less likely to monitor their credit actively and are typically more trusting. For your kids, you could enact two-factor verifications for all online transactions. For your parent’s case, it might be harder to monitor how they transact online but always make sure the communication lines are open. Ask them to contact you in case they get asked about their private information.  

Listen now to learn How can you protect your personal information online?

Links and Resources
Devin Kropp – How to Create Ultra-Secure Passwords That Keep Hackers Away – PDF Download

Disclaimer Welcome, you are now listening to the retirement lifestyle show with Roshan Loungani Erik Olson and Adrian Nicholson. This show is an exploration of ideas to help you work towards your ideal retirement. Roshan Loungani and Erik Olson serve clients across the US. They offer financial planning and investment advice through Arete Wealth Advisors, LLC, an SEC registered investment advisor and securities through Arete Wealth Management LLC, member FINRA, SIPC, and NFA. Get ready for the financial independence of your dreams. All opinions expressed by podcast hosts and guests are solely their own are based on information they believe is reliable. Neither Arete Wealth nor its affiliates, warrants its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions consult a professional. Finally, our music is the chance by Jason Shaw and Audionautix. It’s part of the YouTube Audio Library and it’s licensed under a Creative Commons license.

Thank you for listening.

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