1. Keep software updated: Install updates promptly to patch security vulnerabilities that attackers may exploit. Enable automatic updates whenever possible.
2. Use strong passwords and a password manager: Create passwords that are long (at least 16 characters), random (mixed letters, numbers, and symbols), and unique for each account. Use a password manager to generate, store, and autofill passwords while protecting against phishing by only providing credentials on legitimate sites.
3. Enable multifactor authentication (MFA): Add an extra security layer to all accounts, especially email, banking and social media. Prioritize an authenticator app or passkeys over text/email codes.
4. Recognize phishing attempts: Be wary of urgent, unexpected messages or phone calls pressuring you to share personal information. Remember: Woodmont and Schwab will never ask for SSNs, login
5. Beware of Scams: Familiarize yourself with the latest fraudulent schemes, including AI voice cloning.
- Be highly skeptical of dramatic pleas for financial assistance.
- Research recipients/products, including complaints, before proceeding with purchases.
- Use secure payment methods, and avoid prepaid debit cards, gift cards, and digital currency.
- Allow us to help with high-dollar transactions.
6. Report suspected fraud: Contact us if you suspect fraud, and refer to Schwab’s Identity Theft Checklist if you believe financial accounts may be compromised.
Vigilance is the first line of defense. If you notice unusual activity or simply want to verify the legitimacy of a communication you receive, please contact us. You cannot be too careful!
The Woodmont Team
This document contains general information only and is not intended to be relied upon as a forecast, research, investment advice, or a recommendation, offer, or solicitation to buy or sell any securities or to adopt any investment strategy. The information does not take into account any reader’s financial circumstances or risk tolerance. An assessment should be made as to whether the information is appropriate for you with regard to your objectives, financial situation, present and future needs.
The opinions expressed are of the date of publication and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Woodmont to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. There is no guarantee that any forecasts made will come to fruition. Any investments named within this material may not necessarily be held in any accounts managed by Woodmont. Reliance upon information in this material is at the sole discretion of the reader. Past performance is no guarantee of future results.