How to protect your personal data: Online security tips

As more of our daily lives move online, including banking, shopping, and connecting with friends, keeping our personal data safe has never been more important. Just one small slip-up can lead to larger problems like privacy breaches, identity theft, and financial loss.

But the good news is that implementing just a few simple online safety habits can go a long way in helping you stay protected. In this guide, we’ll outline ten online security tips you can use to guard your personal data and reduce the risk of cybercrime.

In this guide: 

• Why is it so important to protect your personal data?
• How to protect your personal data: Ten online security tips
• What to do if something goes wrong?

Why is it so important to protect your personal data?

There are lots of risks associated with careless security online, but here are a few of the most common:

1. Identity fraud: If someone gains access to your personal information (like your full name, date of birth, or email login) they could use these details to impersonate you. This could lead to loans or credit cards being taken out in your name, both of which could damage your credit score.
2. Phishing traps: Phishing scams can trick you into giving away sensitive information. These often resemble legitimate communications from your employer, bank, or loved ones, and the information can then be used against you.
3. Financial loss:  If cybercriminals gain access to your online banking and digital wallets, they could make unauthorised online purchases, withdraw money, or even drain your accounts entirely.

How to protect your personal data: Moneyboat’s online security tips

Now that we’ve explored what’s at stake, here are ten tips on how to protect your data online:

1. Create strong, unique passwords

Passwords are your first line of defence against hackers, so it’s important to implement strong password practices and make them as secure as possible. Avoid predictable phrases that are easy to guess, and instead:

• Go with combinations of numbers, upper and lower-case letters, and symbols.
• Use random words to create a password that’s difficult to crack.
• Make it long, ideally at least 15 characters.
• Use different passwords for different sites, as this gives you another layer of protection if one of them is leaked.

And if you have trouble remembering your password, consider using a reputable third-party password manager to help.

2. Enable two-factor authentication (2FA)

Two-factor authentication adds an extra layer of security by asking for a second piece of information when you log in. With this, even if someone gets hold of your password, they won’t be able to access your account without completing this second step.

Most major platforms now offer 2FA, so it’s worth setting it up where possible.

3. Be cautious with emails and links

Being wary is key when it comes to online security, so always double-check email addresses, hover before clicking links, and pause before acting on urgent messages.

Just remember, if something feels off, it’s always best to trust your instincts and double-check with the company itself using the contact information on their website. Don’t just reply to the account that contacted you, as you could then be corresponding with a scammer rather than the company.

4. Secure your connection with a VPN

Public Wi-Fi is often unsecured, meaning your data could be visible to others on the same network. A VPN (Virtual Private Network) helps protect your data by creating a secure connection, making it much harder for anyone to see what you’re doing. If you regularly access sensitive information on the go, a VPN is a worthwhile investment.

5. Be mindful of what you share online

While sharing information like your birthday or pet’s name can seem fairly harmless, personal details can be used to guess your passwords and security answers. Keeping your profiles private and thinking twice before posting can help keep your accounts secure.

6. Monitor unusual activity

A quick glance at statements or recent account activity can help you spot unusual logins and transactions early. The sooner you catch something suspicious, the sooner you’re able to report and fix it.

7. Close old or unused accounts

As well as monitoring activity on your current accounts, closing those you no longer use is equally important. Older accounts can still hold your personal information, and if these get hacked, it could become a gateway to cybercriminals accessing more of your data.

Permanently deleting accounts that are no longer in use is a simple way to protect yourself.

8. Update software regularly

Software updates often include fixes for issues that hackers are actively looking to exploit, so making sure the software is up to date on all your apps and devices is an easy way to protect yourself. Where possible, switch on automatic updates for your phone, computer, and browsers, and stay one step ahead.

9. Review app permissions

Many apps request access to things like your location and camera, even when it’s not completely necessary. So, to add another layer of protection, we’d recommend removing any unnecessary permissions.

And if you rarely use the app, go ahead and delete it altogether. Fewer apps mean fewer chances that your data will end up in the wrong hands.

10. Be careful with saved payment details

While it’s tempting to save your card details in shopping apps or browsers for convenience, this comes with a risk. If someone gains access to your device or account, they could easily make purchases using the stored information.

Consider manually entering your details or opt for a secure digital wallet instead.

What to do if something goes wrong

Even with the right precautions, things can still go wrong. If you notice something suspicious or suspect a breach, here’s what to do:

1. Remain calm and act quickly.
2. Change your passwords, starting with your email and bank accounts.
3. Contact your bank or lender to flag the suspicious activity and, if needed, freeze your account.
4. Report phishing attempts to your email provider and the company being impersonated.
5. Check your credit report for any unfamiliar accounts or activity.
6. Report the incident to Action Fraud UK either online or over the phone.

Final thoughts

Protecting your personal data online doesn’t need to be complicated. By adopting just a few smart habits, you can reduce the risk of your details being compromised and stay one step ahead.

Whether you’re shopping online, applying for credit, or managing your finances, keeping your information secure is essential. So, go through the above online security tips one by one and start the process of protecting your personal data today.

If you’re looking for more insights, including practical advice on staying in control of your finances, head over to the rest of the Moneyboat blog. There you can dive into our guide on how to stay safe when shopping online or check out our financial wellbeing tips.

We’ve also pulled together some tips on how to deal with financial stress to help you with budgeting, mindfulness, and more.