Personal Cybersecurity
10 Tips for the Affluent to Stay Cybersafe
Personal Cybersecurity
10 Tips for the Affluent to Stay Cybersafe
As the pandemic moved us from the workplace to the home, it created an environment where cybercrime was able to thrive. In fact, the FBI reported receiving a record-breaking 69 percent rise in cybercrime complaints over the course of the pandemic, amounting to more than $4.2 billion in losses.
While this uptick puts all digital users at greater risk, cyberattacks are increasingly being directed at more affluent individuals. This is due to both their wealth, making them high-value targets, but also their social standing, making them more searchable online. According to a Campden Wealth Research study, more than a quarter of ultra high-net-worth (UHNW) families, family offices and family businesses, with an average wealth of $1.1 billion, have been targeted by a cyberattack. Even more alarming, more than a third of respondents to the study indicated they do not have a cybersecurity plan in place.
As a high-net-worth individual, it is increasingly important to keep cybersecurity top of mind. Here are the top 10 tips to help protect your assets and keep you cybersafe, and they don’t just involve technology. Some risks can be reduced by just changing behaviors and being more vigilant.
In addition to the above, one of the best ways to protect your family and your business against cyber-attacks is to educate all members/employees so they clearly understand the risks and threats. Check out NIST (National Institute of Standards and Technology) publications for information and resources.
Meet with a Financial Advisor
Ready to invest? We're ready too. Let us introduce you to your UnionBanc Investment Services Financial Advisor.
Brokerage and investment advisory services are available through UnionBanc Investment Services LLC, an SEC-registered broker-dealer, investment adviser, member FINRA/SIPC, and subsidiary of MUFG Union Bank, N.A. Insurance services are available through UnionBanc Insurance Services, a division of MUFG Union Bank, N.A. with a California domicile and principal place of business at 1201 Camino Del Mar, Suite 208, Del Mar, CA 92014. California State Insurance License No. 0817733. Non-deposit investment and insurance products: • Are NOT deposits or other obligations of, or guaranteed by, the Bank or any Bank affiliate • Are NOT insured by the FDIC or by any other federal government agency • Are subject to investment risks, including possible loss of the principal amount invested • Insurance and annuities are products of the insurance carriers.