to save money, but this also increases the risk of hacking. An IBM report said 82% of breaches last year involved cloud-stored data, as per Wall Street Journal report.
Overseas support agents at the crypto exchange app Coinbase were allegedly bribed by hackers on May 11 for getting access to the app's customer database. Coinbase didn’t pay ransom, but the damage could still cost them up to $400 million.
Change your passwords immediately. Each account should have a unique password and should consist of as many keypad characters as possible to maintain its strength. Don’t reuse the same or similar passwords on multiple websites. Use
multi-factor authentication wherever possible. This adds an extra safety layer. Freeze your credit with the 3 major credit bureaus, Equifax, Experian, and TransUnion. It won’t hurt your score but stops new accounts being opened in your name, as per the report by Moneywise. Try tools like Google’s Password Checkup to see if your login info has already been leaked. If it has, change those passwords now. Set up transaction alerts on your credit cards to catch any weird activity early. Make sure your email and phone number linked to your bank and shopping accounts are up to date, so you get alerts quickly. Teresa Murray summed it up best, “This is a wake-up call for people who haven’t been careful online”, as per reports. Emails, passwords, and login links from many big platforms were leaked.
Change your passwords, turn on two-factor login, and freeze your credit if needed.