Matthew Feargrieve: Is Online Trading Secure?

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Matthew Feargrieve Shares How to Keep Your Financial Information Secure Online

Welcome to the Matthew Feargrieve blog. Matthew Feargrieve is a qualified financial service lawyer in the UK. Protecting investment accounts from hackers is critical. Here are tips on how to keep your online investment accounts safe.

Choosing Your Broker Wisely

When it comes to many things, from client support to security practices, all investment houses are not equal. Be sure to pay as much attention to security practices. Before signing up with an apparently-safe institution, make the effort to learn all you can about their protection methods. When you log in, do they periodically require two-factor identification (typically requiring a password, followed by entering a code that they send to your phone) If they permit you to send sensitive information via email, for example, it could be a sign that they are not following the rules that are there to protect you.
 Matthew Feargrieve

Protecting Your Devices

Never expect a broker to take full responsibility for keeping your data and transactions safe. Install malware protection software on every device that you use. You might want to consider signing up with a reputable identity theft protection company.

Monitor Your Accounts Regularly

you should never ignore the monthly statements that you receive from your broker. In fact, it’s probably a good idea to review balances and transactions more frequently. Make sure that you can identify a justifiable reason behind any unexpected investment balance changes. If you notice anything that seems incorrect, call the institution immediately to discuss it.

Use Secure Passwords

The key to staving off this type of attack is to ensure the password is not just a single word. Alternatively, you can also use password manager does all the remembering for you, except for one thing — the master password which grants you access to your password manager. The password manager itself will remember all the other passwords to all your other accounts. Moreover, it can generate super-complicated, extra-long passwords that are infinitely more difficult to crack than any passwords a human might come up with.

Never Take Security for Granted

If you’re an investor, then you’ve probably heard many times that “past performance is no guarantee of future results.” While that saying pertains to the predictability of investment results, it can apply to security risks as well. The right security protection choices and actions are just as important as your buy and sell activities while you pursue your personal investment journey.

Check back for more!

Matthew Feargrieve is a qualified financial services lawyer in the UK and as a commercial lawyer in the Cayman Islands and the Eastern Caribbean. He is also familiar with the regulation of investment funds and management companies based in Luxembourg and Ireland. Learn more about Matthew Feargrieve on his website here. You can also join Matthew Feargrieve's professional network by connecting on his Crunchbase page here. Alternatively, you can watch the Matthew Feargrieve video here

Watch Matthew Feargrieve video here

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