@ClementsMoney Saturday Critical Action – Set Up Two-Factor Authentication

by | 25Aug2018 | Cyber security | 0 comments

Welcome to the Saturday Critical Action. Each Saturday we take a weekly action from Jonathan Clements‘ blog Humble Dollar and “militarize” it for you. Jonathan Clements was a longtime personal finance columnist for The Wall Street Journal, and he offers great advice at the best price you can get…free. Here is this week’s critical action:

 

SET UP TWO-FACTOR AUTHENTICATION. If a thief gets online access to your financial accounts, your life’s savings could be at risk. What to do? If your bank, brokerage firm or fund company offers it, set up two-factor authentication. The firm will text you a special access code every time you log on or when you log on from an unrecognized computer.

 

This is one of the simple steps I take to protect my identity. USAA and Vanguard allow this. The Thrift Savings Plan (TSP), to my knowledge, does not.

Seriously…take the time this weekend to enable this for any financial sites you use.

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