ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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true
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false
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Either A or B
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None of the above
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Detailed explanation-1: -Are online banks safe to use? Yes, online banks are safe. As long as an online bank is insured by the Federal Deposit Insurance Corp., it will offer the same coverage as the FDIC-insured bank down the street. FDIC covers up to $250, 000 per account for each individual customer.
Detailed explanation-2: -2) Will my information definitely get hacked if I use Starbucks Wi-Fi? No. Most of the time, when you use public Wi-Fi, your device won’t get hacked. Plus, even if you do get hacked, hackers can’t learn much about you-most of your important data is encrypted.
Detailed explanation-3: -Today, most websites do use encryption to protect your information. Because of the widespread use of encryption, connecting through a public Wi-Fi network is usually safe.
Detailed explanation-4: -Never use unsecured public WiFi. Don’t save logins. Use passphrases instead of passwords. Keep up on updates. Never click on email links. Check your account often from a safe location. Use a unique username.