Cybersecurity & How To Protect Your Plan Assets
Here are some cybersecurity tips that 401k participants can follow to help protect their retirement savings:
Use strong, unique passwords: Use a strong and unique password for your 401k account and do not reuse the same password for other online accounts. Consider using a password manager to generate and store complex passwords.
Enable two-factor authentication: Enable two-factor authentication for your 401k account to add an extra layer of security. This typically involves using a code sent to your phone or email in addition to your password.
Be cautious of phishing scams: Be wary of any unsolicited emails or messages asking for your login credentials or personal information. Do not click on links or download attachments from unknown sources.
Monitor account activity regularly: Regularly check your 401k account activity to ensure that there are no unauthorized transactions or changes.
Keep software up-to-date: Keep your computer and mobile devices up-to-date with the latest security patches and software updates to help protect against vulnerabilities.
Avoid public Wi-Fi: Avoid accessing your 401k account or any other sensitive information on public Wi-Fi networks, as these networks may be insecure and allow hackers to intercept your data.
Protect your devices: Use anti-virus software and keep your devices locked with a strong password or biometric authentication.
By following these tips, 401k participants can help protect their retirement savings from cyber threats and potential fraud.