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Kiplinger
Kiplinger
Business
Shane W. Cummings, CFP®, AIF®

Trusting Fintech: Four Critical Moves to Protect Yourself

A woman looks at her phone against the backdrop of nighttime city lights.

If you’ve downloaded a budgeting app (Mint, for example), and it asks you to fill out a detailed personal profile, be sure to share only the required information. The more information you input, such as your date of birth, home address, Social Security number, etc., the more that information is at risk should the app be hacked or if there’s an information leak.

Additionally, some organizations will sell your data — that intention is often hidden in the fine print of their websites. The less information about yourself you put out on the web, the less likely sensitive details will end up in the hands of a data broker that may sell your data. If you don’t pay to use the app or service, it’s likely that your information is being sold, so make sure to do your due diligence before signing on the dotted line.

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