News | 07.31.19
Capital One Data Hack Puts Financial Advisors on High Alert
Capital One's data hack has reinforced the need to remind clients to take identity protection measures seriously. Said Darin Shebesta, an advisor at Jackson Roskelley Wealth Advisors, "You need to be paying attention because our information is all over the place and this kind of thing is bound to happen. This is now the world we live in, so get used to it." Shebesta advises clients to freeze their credit at all three major consumer credit reporting agencies and to regularly check credit scores, monitor credit card statements, and subscribing to Credit.com, which both monitors credit activity and provides direction on improving credit scores for free. Ryan Marshall of ELA Financial Group stressed that nothing is too basic when it comes to cybersecurity protections. He said, "People should not use the same password over and over, even though it is easier to remember. He also advises clients to turn on two-factor authentication when possible.
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