Financial Security; A Personal Responsibility

Automation and digitalization are good, but criminals are also doing their best to make sure people's funds are stolen. There is a serious call for financial responsibility and guardian of funds.

Criminals are looking for every means to steal people's funds, apply for loans on people's accounts, or even cause them trouble altogether.

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I remember a former neighbor running out of her room to scream about the money in her account being removed after a phone conversation with people she thought were bank staff.

Although this is almost supposed to be a normal scam in Nigeria it is a pity people still fall into the scam over and over again.

We must take financial responsibility for our finances to avoid losing them to the hands of these greedy scammers.

Reviewing your financial statements from time to time, let's say at least once every month is a good way to help you stay updated on the transactions and spending patterns you have there.
Doing so timely will prevent you from hearing stories related to exceeded time.

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Setting up notifications from the institutions where your money is, is significant. In a bid to save money, some people discard notifications, but I believe it's a good way to quickly monitor your account and report any unpleasant transactions.

Learning to use strong passwords and codes is also essential for financial security, making it difficult for your passwords to be guessed easily. Using the same password for all online transactions can be very risky.

Using multiple characters with the setting of passwords can help out, let's say for instance, you only use your name as your password which can be easily detected, but if you add special characters and numbers, it would be much more secure.

Setting up 2FA's is now widespread and provides much more security, but it is funny that so many people do not take it as important as they should. Apart fr strong passwords, a strong 2FA will also provide additional security.

Carrying out financial transactions with free public WiFi can also put your finances at risk, so try to avoid it as much as you can.

Be careful with the calls and emails you get from people who claim to be bank workers asking you to provide sensitive information to them. Never expose your passwords through that avenue.

Having a good relationship with bankers and other institutions where you keep your money can come in handy during a phase of financial danger. Just providing you with the required advice at the right time could make a significant difference.

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Consistently review your cash flow, profit margin, and debt levels. Make it a habit to adjust available strategies as time goes by, the goal should always be moving towards a more comfortable financial position.

Insurance is important too, you must protect yourself, assets, and businesses from all forms of impending unfortunate circumstances. With insurance, there is an assurance that you are covered to a reasonable extent.

Security is highly essential as scammers are working very hard to steal evrryday. On your oen part, you also need to eork hard to prptect your funds ans assets. I hope these tips helps you act better with your money.