How to Protect Financial Data

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Financial technology—FinTech—makes it possible to accomplish all sorts of useful financial tasks quickly and easily from a computer, smartphone, or tablet. But it pays to know what you’re doing! (Consumer Action)

Did you know that using your bank, Venmo, Cash App, budget app, etc can actually be a big blind spot for your financial security?

Scary fact: Your apps are actually reading your logins and financial data even when you are not using the app. Plus, just like social media, they sell your information to third parties. AND THAT’S NOT ALL. There are many more blind spots to using this technology.

As financial technology (Fin-Tech) continues to grow in our daily lives, it is important we are taking the correct steps to secure our financial data.

Consumer Action has a great resource center that details how you can protect your financial data. Check out the fact sheets below and all of the news, videos, and related resources at Consumer Action here.

What you need to know about FinTech

Privacy and Security while Using FinTech Apps

FinTech Savvy: Myth vs. Fact

FinTech Savvy: Frequently Asked FinTech Questions

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DISCLAIMER: Although I do have experience in the personal finance field as an Accredited Financial Counselor® professional, I am not a registered financial planner, advisor, or investment agent. Budget Blueprints and any content or resources made available on this site is for informational and entertainment purposes only. I am sharing my personal experience which may not be applicable to others. I am not liable for any losses or damages related to actions or results related to the content in this website. If you need specific financial advice, consult with a licensed professional financial advisor/planner who specializes in your specific need area.