When it happens, you feel powerless you receive an email or letter from a company notifying you that your data was breached. Unfortunately, this is a common occurrence. Breaches happen at banks, social media platforms, e-commerce sites, and even within government systems. This can expose sensitive information like your address, Social Security number, and credit card details to cybercriminals.

While you can’t prevent a company from being hacked, you can take important steps afterward to protect yourself. Here are the most effective actions to take to minimize financial risks and safeguard your data.

Change Your Passwords

Start by changing your password for the breached account immediately, then update it on any other accounts that use the same password. This is why unique passwords for each account are crucial. Reusing passwords puts multiple accounts at risk. A password manager can help you generate and store strong passwords securely, so you only have to remember one.

Enable Multifactor Authentication (MFA)

Multifactor authentication (MFA) adds a layer of security, even if a password is compromised. Turn on MFA for the affected account and enable it for other accounts where possible. MFA options include:

• Text message codes
• Authentication apps
• Security keys

Monitor Your Bank Accounts

If payment information was compromised, keep an eye on your bank accounts for any unusual activity. Notify your bank of the breach, and consider requesting a new card if necessary. Proactive communication with your bank can help protect you from fraudulent charges and guide you on additional security measures.

Freeze Your Credit

To prevent identity theft, consider freezing your credit. This stops criminals from using your personal information to open accounts in your name. Each of the three main credit bureaus—Equifax, Experian, and TransUnion—offers a credit freeze option that you can activate on their websites.

Review the Breach Notification Carefully

Read the breach notification closely to understand what information was exposed and the company’s response. Look for:

• Types of data compromised (e.g., passwords, credit card numbers)
• Any assistance the company offers, like credit monitoring
• Instructions to secure your account

Check the company’s website for updates, as additional details about the breach may emerge over time.

Strengthen Your Cybersecurity

Ensure your devices and network are protected with reliable cybersecurity tools:

• An effective antivirus/anti-malware program
• DNS filtering to block malicious sites
• Email spam filtering to catch phishing attempts

A VPN (Virtual Private Network) can also help mask your online activity, especially when using public Wi-Fi.

Be Alert for Phishing Scams

Data breaches often lead to an increase in phishing attempts. Criminals use exposed emails to send realistic-looking scams. Stay vigilant, and remember these phishing prevention tips:

• Hover over links to check their legitimacy
• Visit websites directly rather than clicking on links in emails or texts
• Be cautious of unknown senders
• Watch for phishing attempts on social media and through texts
• Verify suspicious messages through official sources

Keep Your Software & Systems Updated

Outdated software can leave you vulnerable to attacks. Regularly update your operating system, apps, routers, printers, and smart devices. Enabling automatic updates can help ensure you stay protected.

Trustworthy Managed Security Services

A managed security service can provide robust protection for both your business and personal devices. Ready to improve your cybersecurity? Contact us today to discuss your options for securing your devices and data.