With big hacks making headlines seemingly every week, users and businesses alike understand the need to protect their financial data from digital compromises. Here are three online tools that can help safeguard sensitive financial information.
There are two categories of web traffic, and only one is safe for financial data. The first and most common type is information traveling over HTTP (HyperText Transfer Protocol), which is the backbone of the web. Data sent via HTTP is not encrypted—it can be read by anyone who intercepts it, such as the staff at a user's ISP. The other type of web traffic is information moving over HTTPS, which stands for HTTP Secure. Unlike information transmitted via HTTP, this data is encrypted, which makes it safer to send financial details. When users sign into their bank accounts, for example, browsers default to HTTPS and display a padlock to indicate an encrypted connection.