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It’s hard to read the news lately without hearing something about Artificial Intelligence (AI). AI, by definition, is computer technology which, when combined with ever increasing computing speed and efficiency, search engine capabilities and virtually unlimited data, enables simulated functionality commonly associated with intelligent beings. In its simplest form, artificial intelligence is the ability of machines to perform tasks that would normally require human intelligence. The emergence of AI presents remarkable opportunities for information gathering and learning, but also unprecedented challenges for the realm of cybersecurity. What steps should you take to protect your privacy in an era where AI is becoming more and more prevalent? Here are some suggestions:

Understand Data Collection and Usage

Be aware of what personal information is being collected by the services and devices you use. You can learn more by reading the privacy policies and terms of use applicable to the services and devices you use. Further, take the time to learn more about how AI systems use your data to make predictions, recommendations, and decisions.

Use Strong Passwords and Multi-factor Authentication

Implement strong and unique passwords for your online accounts and enable multi-factor authentication (MFA) where possible to add an extra layer of security.

Manage App Permissions

Regularly review and manage the permissions granted to apps on your devices, and disable any unnecessary permissions.

Limit Personal Information Sharing

Be cautious about sharing personal information on social media platforms and other online forums. Consider using pseudonyms or nicknames instead of real names.

Use Privacy Settings

Adjust your privacy settings on social media platforms, search engines, and other services to control the information you share. We recommend you opt out of personalized ads and data tracking whenever possible.

Regularly Update Software

Keep your operating systems, applications, and devices up to date to ensure you have the latest security patches.

Be Cautious with Smart Devices

Understand the data collection practices of smart devices (like smart speakers, cameras, and wearables) and disable features you’re uncomfortable with.

Watch out for Email scams

The techniques used to try and trick you into clicking a link or replying to a phishing scam are becoming ever more sophisticated. Stay vigilant.

Avoid Public Wi-Fi for Sensitive Tasks

Public Wi-Fi networks can be less secure, making your data vulnerable. Avoid using them for tasks involving sensitive information.

Educate Yourself

Stay informed about the latest privacy trends, threats, and best practices to adapt to the evolving landscape.

Remember, complete privacy in the digital age is challenging, but by adopting a combination of these measures, you can reduce online exposure to your personal information.

Means Wealth Management is a registered investment adviser. The opinions expressed herein are those of the firm and are subject to change without notice. The information in this material is for educational purposes only and is not intended to act as individualized tax, legal, financial, or investment advice.