Financial technology—FinTech—makes it possible to accomplish all sorts of useful financial tasks quickly and easily from a computer, smartphone, or tablet. But it pays to know what you’re doing! (Consumer Action)
Did you know that using your bank, Venmo, Cash App, budget app, etc can actually be a big blind spot for your financial security?
Scary fact: Your apps are actually reading your logins and financial data even when you are not using the app. Plus, just like social media, they sell your information to third parties. AND THAT’S NOT ALL. There are many more blind spots to using this technology.
As financial technology (Fin-Tech) continues to grow in our daily lives, it is important we are taking the correct steps to secure our financial data.
Consumer Action has a great resource center that details how you can protect your financial data. Check out the fact sheets below and all of the news, videos, and related resources at Consumer Action here.