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8 Smart Ways to Keep Your Money Safe

Online and mobile banking tools have become an indispensable part of how we all go about our business. But as powerful and convenient as they are, we all know they provide more opportunities for fraudsters to try to steal what’s yours. The key is to stay current on what they’re doing and the best ways to stop them in their tracks. Here are 8 straightforward, effective steps you can take to protect the money you’ve worked hard to save.

1. Create Strong, Unique Passwords

Your first line of defense is a robust password. Avoid using easily guessed information such as birthdays or common words. Choose a combination of uppercase and lowercase letters, numbers, and symbols. Finally, use a unique password for each financial account to prevent a domino effect in case one account is compromised.

2. Enable Two-Factor Authentication (2FA)

2FA adds an extra layer of security, requiring you to provide a second form of identification—typically a code sent to your mobile device. Farmers and Merchants Bank highly recommends enabling 2FA for your online and mobile banking accounts.

3. Regularly Update Your Software

Keep your operating system, antivirus software, and banking apps up to date. Developers are constantly releasing updates to patch security weak spots. By staying current with these updates, you reduce the risk of falling victim to cyber threats.

4. Beware of Phishing Scams

Phishing is a top tip for cybercriminals to trick individuals into revealing sensitive information. Keep an eye out for unsolicited emails, messages, or phone calls requesting personal or financial details. Farmers and Merchants Bank will never ask for your sensitive information through email or phone calls. You can easily verify the authenticity of communications by contacting the bank directly.

5. Use Secure Wi-Fi Networks

Avoid conducting financial transactions over public Wi-Fi networks; they may be missing adequate security measures. Stick to secure, password-protected networks to minimize the risk of unauthorized access to your data.

6. Monitor Your Accounts Regularly

You’ve heard this from us before: Stay vigilant by reviewing bank statements and transactions regularly. Report any unauthorized or suspicious activity to us immediately. Early detection can help mitigate potential damage and expedite the resolution process.

7. Secure Your Mobile Device

Activate security features on your mobile device such as biometric authentication (fingerprint or facial recognition) and a strong PIN. Enable remote tracking and wiping functions to safeguard your information in case your device is lost or stolen.

8. Stay Educated

Stay informed about the latest cybersecurity threats and best practices. Farmers and Merchants Bank provides resources and updates to help you understand potential risks and how to protect yourself in the ever-evolving digital landscape.

Taking great care of you and your money is what we’re all about. We’re happy to provide these online and mobile security tips, and to help you stay up to date on all the latest ways the fraudsters find to try to scam all of us. You play a vital role in safeguarding your money, and we’re proud and appreciative to be your partner in keeping all the things you value safe.