Just about everyone has been inundated with joining one financial management tracking security website. They require that you use their software, even free, but is that secured enough?
No one can make a 100% secure database. Recent headlines have shown how hackers have penetrated databases that were protected with millions of dollars worth of safeguards and the best computer experts that the government or industry’s money can buy. There will always be a risk of penetration from the outside or compromise from the inside, but there are enough safeguards that work like firewalls to prevent such situations from getting too far.
These free websites with online software have to meet government standards for protection. The smart customer does their research regarding it and does the proper comparative shopping to make the best determination.
Just because one of these companies has entertaining television commercials or dazzling website ads, doesn’t mean they’re worth the risk if they can’t provide the basic information that concerned customers need answering. You want to know what kind of information to upload onto these sites. The smart ones don’t ask for more than basic info and not even your social security number. These sites are there so that you can input your financial info so you can better track what you do, what ROIs or Return On Investments, changes in market values, laws, and more.
Comprehensive financial software covers not only all the basics, but also innovative software that makes understanding and coordination easy and efficient. Adding too much personal info could be a hazard were it not for the failsafes that these sites involve.
When shopping for an online money management system, ask all the pertinent questions. Triple check their credentials and just don’t go along with the hottest trend or big promotion site. Look for the sites that have had grass grow under them, meaning they’ve been around for some time with a great track record for security and service.
Check the newswire archived bases to see if there has been stories about that particular site/business and what kind of press they’ve acquired, or if they’ve been the subject of controversy and bad service.
There are a lot of bad guys out there. Don’t trust anyone or anything without doing your due diligence. Ask friends and family what services they use. Take their opinions with a grain of salt though. You’re looking for the online money management site that is also famous for their security.
Security for your financial investments is paramount. Don’t take things for granted and don’t underestimate the bad guys. Follow prudent steps of your own and you should be alright.
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