Financial institutions across the world are seeing an uptick in cybercrime, and Mission Wealth needs your help in protecting your personal technology devices and financial accounts. This article is intended to assist our clients with specific instructions for better protecting their investment accounts with Fidelity.
Setting Up Multi-Factor Authentication at Fidelity
- Navigate to Your Profile Tab – Scroll down to the “Security Center“.
- Change Your Password – We recommend creating a long (15-20 characters) unique random password (i.e. something like this, but not this; 7O1^0y7gI9uusP5%RdP!).
- Review Trusted Devices – Do these look like yours? It is probably best to Remove All just to start cleanly. The next time you log in, it will ask if you want to “trust” the device you are using, and you can confirm that.
- Additional Login Security – Make sure “Multi-Factor” authentication is turned on. Here is a link on how to implement Symantec VIP.
- You will need to call Fidelity per the instructions above to activate the VIP credential for your login. If someone is able to get into your email account, log into your brokerage account, and you don’t have dual authentication, you can see the type of control they can have (assume the bad guys have your date of birth and social security number, both easy to purchase on the dark web). The same issues reside with your bank and other institutions as well. Lock those down as well using the techniques shared here!
- You will need to call Fidelity per the instructions above to activate the VIP credential for your login. If someone is able to get into your email account, log into your brokerage account, and you don’t have dual authentication, you can see the type of control they can have (assume the bad guys have your date of birth and social security number, both easy to purchase on the dark web). The same issues reside with your bank and other institutions as well. Lock those down as well using the techniques shared here!
- View the Security Checklist as well as other boxes to see if anything else pertains.
- Congrats, you just made yourself a very difficult target for cyber criminals!
We’re Committed To Your Security
Mission Wealth, along with our custodians Fidelity and Schwab, are committed to maintaining the integrity of our clients’ financial wellbeing. We understand that the digital aspect of financial security is increasingly critical. By staying informed and adopting robust cybersecurity practices, together we can navigate the complexities of the digital world, ensuring your wealth is not just managed wisely, but also protected robustly.
Other Resource Articles:
Navigating the 2024 Digital Terrain: Cybersecurity Tips to Protect Your Accounts
Cyber Scammers Continue to Target with Technology Advancements
How to Make Yourself a Difficult Target for Cyber Criminals
How to Reduce Your Cybersecurity Risk
As always, if you have any concerns about your financial security or need personalized advice, our team at Mission Wealth is here to help. Protecting your wealth is our top priority.
Contact us today for a free financial check-up or call (805) 882-2360.
Mission Wealth is a Registered Investment Adviser. This commentary reflects the personal opinions, viewpoints, and analyses of the Mission Wealth employees providing such comments. It should not be regarded as a description of advisory services provided by Mission Wealth or performance returns of any Mission Wealth client. The views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data, or any recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Mission Wealth manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.
MISSION WEALTH IS A REGISTERED INVESTMENT ADVISOR. 00595946 05/24
