Summary: In this episode of Wealth on the Move, host Will Hoffman and cybersecurity expert Philip Coniglio discuss the critical importance of cybersecurity in the financial services industry. They explore the tactics used by cyber criminals, common misconceptions about cybersecurity, and the real-life implications of data breaches. The conversation emphasizes the need for proactive measures to protect personal and family data, especially for busy families and retirees. Philip shares practical advice on password management, online safety for children, and building strong cybersecurity habits to minimize risks. In this conversation, Will Hoffman and Philip Coniglio discuss essential cybersecurity practices, focusing on mobile device security, protecting personal information, and assisting less tech-savvy family members. They emphasize the importance of using VPNs, multi-factor authentication, and being proactive about password management. The discussion also touches on the challenges posed by artificial intelligence in cybersecurity and offers practical tips for safe technology use while traveling. The conversation concludes with actionable steps listeners can take to enhance their cybersecurity awareness.
Resources:
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Philip’s LinkedIn
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Advisor Defense Website
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CYBERSECURITY CHECKLIST
Takeaways:
* Cyber criminals today are basic scammers using social engineering.
* A proactive approach to cybersecurity is essential for protection.
* Password strength is crucial; longer passwords are significantly more secure.
* Real-life incidents can highlight the importance of cybersecurity measures.
* Families need to be aware of online threats, especially for children.
* Using a password manager can simplify password security.
* Regularly updating passwords is necessary based on their complexity.
* Locking down children’s credit can prevent identity theft.
* Specific credit cards for online shopping can mitigate risks.
* Email security is a major vulnerability for individuals. Mobile devices are vulnerable in public spaces.
* Using public Wi-Fi can compromise your security.
* Consider using a VPN for secure internet access.
* Free identity protection services may not be reliable.
* Proactive password management is crucial.
* Educate less tech-savvy family members about online safety.
* Multi-factor authentication adds an extra layer of security.
* Traveling with technology requires extra precautions.
* AI is changing the landscape of cybersecurity threats.
* Immediate actions can significantly improve your cybersecurity.
Connect with Will Hoffman:
Hoffman Wealth Management
(724) 522-5411
will@hoffmanwealth.com
LinkedIn: Will Hoffman
Facebook: Hoffman Wealth Management
YouTube: Hoffman Wealth Management
Will Hoffman offers investment advice through Private Advisor Group which is a federally registered investment advisor. The opinions voiced in this content are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.
