Online trading has become increasingly popular over the years, making it easier for people to invest and trade from the comfort of their homes. However, the convenience also raises the risk of cyber-attacks and identity theft. In this article, we will provide you with the 3 best tips on how to protect your capital, investments, and personal information while trading online.
Tip 1: Use a VPN
Using a Virtual Private Network (VPN) is one of the most effective ways to safeguard your online transactions and personal information. A VPN encrypts your internet traffic and hides your IP address, making it impossible for hackers to intercept your data. According to recent statistics, there has been a 63% increase in cyber-attacks in the past year alone.
We recommend using NordVPN, which is one of the most secure and reliable VPNs on the market. You can sign up for NordVPN using our affiliate link and get a significant discount: Register here to NordVPN.
A VPN will also be needed when you need to access your broker or bank while on holiday. Furthermore, if you are abroad, some countries’ ISPs might even block access to certain brokers. Therefore, you will need a safe way to connect to the broker.
Tip 2: Use a Strong Password and 2FA
Using a strong and unique password is crucial to protect your trading account. It also needs to be unique since hackers trade passwords from hacked websites. But by simply using a strong password, it would take millions of years to crack even with the most sophisticated software. Plus, you can add 2-factor authentication (2FA) to guarantee security and further protect your investments.
If you find this process of creating and memorising multiple passwords cumbersome, try using a tool such as NordPass. The service is available across all devices – mobile and desktop – and stores all your passwords securely. Feel free to check it out and sign up for NordPass using our affiliate link: Register here to Nordpass.
Tip 3: Keep Your Software Up to Date
Software developers are always aware of new threats and will issue updates to fix any errors and weaknesses. Therefore, it’s important for you to install the latest updates for your operating system, antivirus software, and trading platform. These updates will often include security patches that address vulnerabilities and protect against the latest threats.
Conclusion
It’s essential to remember that cyber-attacks are becoming increasingly sophisticated and prevalent. In 2021 alone, there were 5.4 billion data breaches globally, a 36% increase from the previous year. With these alarming statistics, it’s crucial to take your online security seriously and take steps to protect your investments and personal information.
Attackers are getting more sophisticated by the day, but so are the defenders against them. Services like NordVPN and NordPass are essential to protecting your investment, allowing you to focus on what really matters confidently. Try it now to ensure your data and information remains private whenever you’re trading online.
