October marks Cyber Security Awareness Month, highlighting the importance of safeguarding our digital lives. This year’s theme, ‘Cyber Security is Everyone’s Business,’ emphasises that we all play a role in protecting our information and systems. Here are four essential actions the Australian Government’s Australian Signals Directorate is suggesting you take to enhance your cyber security:
Enable multi-factor authentication
Multi-factor authentication (MFA) adds an extra layer of security beyond just a password. By requiring additional verification, such as a text message code or a fingerprint scan, MFA makes it significantly harder for unauthorised users to access your accounts. This simple step can dramatically reduce the risk of breaches and identity theft. Check your online accounts today and enable MFA wherever possible.
When logging into G&C Mutual Bank Online Banking you are required to authenticate with an SMS One Time Password (OTP), this is a form of MFA that is one of the ways we are working with you to keep your account secure. Learn more about SMS One Time Passwords.
Install software updates whenever available
Software updates are more than just new features; they often include security patches that may protect against vulnerabilities. Cyber criminals are quick to exploit outdated software, making timely updates essential. Set your devices to update automatically, or regularly check for updates manually. Staying current can help shield your devices from potential threats.
The Australian Government’s Australian Signals Directorate offers more information to help you update your devices successfully.
Use strong and unique passphrases
A strong, unique passphrase is your first line of defence against unauthorised access. Avoid using easily guessable information like birthdays or pet names (often these can be found through your social media accounts). Instead, create complex passphrases that combine letters, numbers, and symbols. Consider using a password manager to help you generate and store unique passwords for each of your accounts. This way, even if one account is compromised, your others remain secure.
Read more about how you can protect yourself with a strong password.
Recognise and report phishing
Phishing attacks are a common method used by cybercriminals to trick individuals into revealing sensitive information. These can come in the form of emails, messages, or phone calls that appear legitimate. Be vigilant: look for signs such as poor grammar, unexpected requests for personal information, pressure and sense of urgency, or unfamiliar sender addresses. If you encounter a suspicious message, report it to the Australian Cyber Security Centre and/or Scamwatch.
Cyber security is a shared responsibility, together we can foster a culture of awareness and vigilance that benefits everyone. Take a moment today to implement these practices and encourage your family, friends and colleagues to do the same.
Need help?
If you believe someone has gained access to your personal information, even if it appears unrelated to your finances, you should contact your bank immediately. A timely response can be critical in giving you the best chance to stem any loss.
- If you have concerns about your G&C Mutual Bank account, contact us on 1300 364 400.
- You can find out how scams work, how to protect yourself, what to do if you’ve been scammed or report a scam to the Australian Competition and Consumer Commission (ACCC) via Scamwatch
