The evolution of cybersecurity and how to protect yourself

Sponsored by JPMorgan Chase Technology’s rapid growth has ushered in a new era of convenience, particularly in digital finance services. From online banking to payment apps, these innovations have streamlined financial transactions and made managing money more accessible. However, with this digital transformation comes a heightened risk of cyber threats. Cyber attackers have evolved alongside technological progress, significantly threatening personal information and financial security. Here are the crucial strategies to protect your financial information in the 21st Century despite the growing risks associated with digital finance services. Related Stories The evolution of cybersecurity As technology has evolved, so too have the tactics employed by cyber attackers. Gone are the days when simple firewalls and antivirus software could provide comprehensive protection. Today’s cyber threats are sophisticated, multifaceted, and often targeted. Cybercriminals leverage various techniques, including phishing, ransomware, and social engineering, to exploit vulnerabilities in digital systems and gain unauthorized access to sensitive information. As cyberattacks have grown, so have the defenses, including: Multi-factor authentication (MFA) Regularly Update Software and Systems Network Security (firewalls, intrusion detection and prevention systems, and virtual private networks). Data Encryption Access Controls for Employees Incident Response Plans and Regular Security Audits and Assessments Backup and Recovery Systems...