What is a recommended way to protect your financial information online?

Study for the VirtualSC Personal Finance Exam. Utilize comprehensive flashcards and multiple choice questions, each accompanied by hints and explanations. Prepare thoroughly to ace your exam!

Enabling two-factor authentication and regularly monitoring your accounts is a highly recommended way to protect your financial information online. Two-factor authentication adds an extra layer of security beyond just a password, typically requiring a second form of verification, which could be a code sent to your mobile device or an authentication app. This significantly reduces the risk of unauthorized access because even if your password is compromised, the attacker would still need the second factor to gain entry.

Regularly monitoring your accounts is also crucial; it allows you to spot any unusual transactions or unauthorized activities quickly. If something suspicious is detected, you can take action swiftly, such as alerting your bank or freezing your accounts. Together, these practices help create a robust defense against potential threats to your financial information online.

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