Implementing Strategies to Safeguard Financial Information | CPD
Transparency
- Read privacy policies carefully before providing any personal information.
- Ask organisations how they collect, use, and share your data.
- Request a copy of your personal data from organisations.
- Ask organisations how they collect, use, and share your data.
- Request a copy of your personal data from organisations.
Purpose Limitation:
- Only provide personal information relevant to the specific service or transaction.
- Opt out of unnecessary data collection when possible.
- Review your privacy settings on websites and apps.
- Opt out of unnecessary data collection when possible.
- Review your privacy settings on websites and apps.
Data Minimisation
- Provide only the minimum amount of personal information required.
- Limit the sharing of personal information on social media.
- Be cautious about providing personal information to strangers or untrusted organisations.
- Limit the sharing of personal information on social media.
- Be cautious about providing personal information to strangers or untrusted organisations.
- Regularly review and update your personal information.
- Check for inaccuracies in credit reports or other personal records.
- Promptly report any errors or discrepancies.
- Use strong and unique passwords for online accounts.
- Enable two-factor authentication (2FA) whenever possible.
- Install and maintain antivirus and anti-malware software.
- Keep operating systems, web browsers, and apps up to date.
- Stay informed about organisations’ data handling practices.
- Question unusual or suspicious requests for personal information.
- Report data breaches or privacy violations to appropriate authorities.
How to keep your data safe:
Click on the "+" below:
- Be wary of unsolicited calls or emails requesting personal financial information. Verify the authenticity of the sender before providing any information.
- Use secure websites when making online transactions. Check for the “https” prefix and padlock symbol in the address bar.
- Avoid using public Wi-Fi networks for sensitive transactions. Public Wi-Fi networks are less secure and may be vulnerable to eavesdropping.
- Be mindful of phishing scams disguised as legitimate communications. Never click on suspicious links or open attachments from unknown senders.
- Never store sensitive financial information on cloud-based services without proper encryption. Encrypt sensitive files before uploading them to cloud storage.
Completing this In-Lesson Task does not contribute to the assessment grading and serves as preparation for the final assessment.