IN THE KNOW Vol 4

SECURE YOUR DIGITAL FUTURE

Keeping Your Digital Assets Safe

Security is paramount when it comes to digital assets. Unlike traditional banking, the responsibility for securing a digital wallet often falls on the individual user. Here's how you can protect your digital assets effectively. Key Security Features: Encryption: This protects your wallet's data from unauthorized access. Private Keys: These are your personal passcodes that give you access to your assets. Never share your private keys with anyone. Security Best Practices: Use Strong Passwords: Always opt for complex and unique passwords. Update Regularly: Keep your wallet software updated to protect against vulnerabilities. Enable Multi-Factor Authentication: This adds an extra layer of security. Backup Your Wallet: Regularly back up your wallet to protect against data losses. Common Risks: Phishing Attacks: Always verify communication and never disclose personal information. Fraudulent Wallets: Download wallets only from trusted sources as recommended by your credit union.

ISSUE 4 | CRYPTO AND DIGITAL ASSET WALLETS

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