Cybersecurity Safeguards: Digital Privacy Tactics
Wealth Mechanics™ offers advice on best practices for cybersecurity. But first, we find guidance from a teacher who has inspired the world for several thousand years:
“Success depends upon previous preparation, and without such preparation there is sure to be failure.” – Confucius
Constant connectivity and the Internet of Things (IoT) expose vulnerabilities that cybercriminals seek to exploit. Without adequate holistic cybersecurity safeguards, individuals and organizations risk falling victim to data breaches, identity theft, malware attacks, and other forms of cybercrime. Such incidents can lead to financial losses, compromised sensitive information, damaged reputations, and significant operational disruptions.
As we embrace technology’s benefits for a more efficient life, we must also adopt modern strategies and best practices to protect ourselves and our loved ones from cyber threats.
Delivering on our promise to provide best practices for Risk Management, our firm has coined Holistic Cybersecurity Safeguards™ (HCS) as a recommended procedure-driven strategy with tested protocols. We call this our 8×8 Method.
When systems and best practices are aligned, the protection of digital systems, networks, and sensitive information is mitigated from unauthorized access, theft, damage, and disruption.
8 Cybersecurity Protocols
Holistic Cybersecurity Safeguards™ (HCS) identifies eight major areas of focus:
- Credit Monitoring: use annual approved credit services to stay informed about your credit ranking
- Secure VPN Services: use an encrypted service on electronic devices to stay anonymous online and protect against fraudulent activity
- Device Security: protect your electronic devices from dark web intruders and virus attacks
- Dark Web Monitoring: use hosted service platforms to monitor the internet for the use of your personal information
- Privacy Monitoring: monitor and request removal of personal information on data broker sites
- Parental Controls for Minors: use hosted service platforms to protect minors from malicious activity
- Username + Password Manager: store and manage sensitive credentials; create complex password strands of unique characters; enable MFA (multi-factor authentication) or 2FA (two-factor authentication)
- Critical Document Storage: maintain multiple units of storage in various formats
- cloud-based storage servers
- thumb drives
- Fire-resistant and water-resistant bags held within a fire-resistant and water-resistant safe
8 Cybersecurity Measures for Identity Protection
Holistic Cybersecurity Safeguards™ (HCS) also identifies eight measures for personal identity protection:
- Identity Protection PIN from the IRS: IRS technology to prevent fraudulent tax reporting or refunding
- Credit Lock: Regulate and protect identity thieves from opening accounts in your name
- Credit Freeze: Manage credit freezes to prevent identity theft
- Payday Loan Lock: Regulate and protect identity thieves from applying for short-term loans in your name
- Bank Security Freeze: Manage bank security freezes to prevent identity theft
- Utility(s) Security Freeze: Manage utility freezes to prevent identity thieves from opening accounts in your name
- Employment Data Freeze: Manage data to prevent unlawful use of information for employment
- Transaction Monitoring: Monitor sensitive financial accounts and receive alerts
Cybersecurity Solutions
Several resources exist to help clients manage cybersecurity threats and digital privacy. Our team has identified two distinct pathways that offer subscription-based solutions:
- Proprietary platforms that enable individuals and families to self-manage cybersecurity measures
- All-inclusive platforms that will act as centralized project managers on behalf of an individual, family, or business
Our firm is dedicated to staying updated with the latest developments in digital privacy to guide our clients toward a reduction in risks. Cestia Wealth is here to help. Please contact your Advisor if you have any questions.
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- Wealth Mechanics™ is a registered trademark of Cestia Wealth Management. Unauthorized use of the trademark, including but not limited to commercial use, reproduction, or imitation without explicit written permission from Cestia Wealth Management, is strictly prohibited.
- Holistic Cybersecurity Safeguards™ (HCS) is a registered trademark of Cestia Wealth Management. Unauthorized use of the trademark, including but not limited to commercial use, reproduction, or imitation without explicit written permission from Cestia Wealth Management, is strictly prohibited.
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- Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through NewEdge Advisors, LLC dba Cestia Wealth Management, a registered investment advisor and separate entity from LPL Financial.Cestia Wealth Management employs (or contracts with) individuals who may be (1) registered representatives of LPL Financial and investment adviser representatives of Cestia Wealth Management; or (2) solely investment adviser representatives of Cestia Wealth Management. Although all personnel operate their businesses under the name Cestia Wealth Management, they are each possibly subject to differing obligations and limitations and may be able to provide differing products or services.
