“Protecting Your Accounts: The Importance of Multifactor Authentication”

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Protecting Your Information: Understanding and Mitigating Security Risks

At O1ne Mortgage, we prioritize your security. In this article, we will explore various security threats and how you can protect yourself from them. For any mortgage service needs, call us at 213-732-3074. Let’s dive into the key topics:

Social Engineering

Social engineering is a tactic used by hackers to trick individuals into revealing personal information or granting access to accounts. This can be done through various methods, such as phishing emails, phone calls (vishing), and text messages (smishing). To protect yourself, avoid sharing personal information over email or phone, be cautious of suspicious URLs, and contact companies directly instead of clicking on email links.

SIM Swapping Scam

SIM swapping involves transferring your phone number to a SIM card controlled by a scammer. This allows them to intercept verification codes and access your accounts. To prevent this, set up security measures with your phone provider, such as a PIN or account takeover protection.

Man-in-the-Middle (MITM) Attacks

MITM attacks occur when an attacker intercepts communication between two parties. They can use software to monitor data transfers and hijack sessions. Protect yourself by securing your Wi-Fi connection with a strong password, using a virtual private network (VPN), and installing strong antivirus software.

Biometric Vulnerabilities

While biometrics like fingerprints and facial recognition are secure, they are not foolproof. Hackers can steal biometric data using skimmers and create fake fingerprints. Use biometrics as a secondary form of authentication and ensure your passwords are strong and unique.

Additional Ways to Protect Yourself From Fraudsters

Multifactor authentication (MFA) is a strong defense, but additional precautions are necessary:

• Use a password manager to store and create strong passwords.
• Consider FIDO authentication for important accounts, which allows for logins without passwords.
• Guard your personal information to prevent social engineering attacks.
• Be aware of MFA fatigue attacks, where attackers bombard you with authentication requests to gain access.

The Bottom Line

MFA is effective in protecting your accounts, but it’s essential to take extra steps to mitigate risks. Perform a privacy scan to discover how much of your information is online and learn how to control your data better. For any mortgage service needs, call O1ne Mortgage at 213-732-3074. We’re here to help you secure your future.

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