When so much of your financial life lives online, protecting the device you use to access your money deserves some extra thought.Nancy from Baton Rouge, Louisiana, recently wrote to us asking whether keeping banking and investments on an entirely separate computer could provide another layer of protection."I've had several clients tell me they have bought a computer that is only used for online banking, financial institutions and anything to do with their investment accounts.
Is this a good strategy for protecting some of your assets? What are the upsides and what are the downsides?"Nancy, yes.Using a separate computer only for banking, investments and other financial accounts can add a meaningful layer of security.
I especially like this approach for someone with substantial savings or retirement assets.It can also make sense if you simply want to keep your financial life separated from everything else you do online.However, buying another computer will not make your accounts untouchable.
How you set it up and how you use it are what make the strategy worthwhile.Missed CyberGuy LIVE? Watch the Protect Your Money replayOur free CyberGuy LIVE class, Protect Your Money From Today’s Biggest Threats , has ended, but you can still watch the full replay and download our financial protection checklist.Kurt "CyberGuy" Knutsson walks you through five simple ways to help defend yourself against AI scams, fraud, identity theft and financial hacks.
You’ll learn how to set up bank alerts, strengthen your account logins, protect your phone number, freeze your credit and help secure your retirement savings against unauthorized transfers.No technical experience is needed.Get the free replay and checklist now at CyberGuyLive.comCYBERCRIME LOSSES NEAR $21B: 5 WAYS TO PROTECT YOUR MONEYA dedicated computer used only for banking and investments can reduce exposure to many everyday online threats.
(Kurt "CyberGuy" Knutsson)Think about what happens on the computer you use every ...