Using Technology to Secure our Personal Financial Future

Brian Samuels

Zion Bittle

Jimmy Strickland

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Research Mentors: Joseph Little and Dr. Carl Arrington

Presentation Overview

• How can information technology be used to better prepare your financial future?
• What tools can be used to help you keep track of your personal finances?
• How does security affect financial decisions when implementing IT to bank and budget online?

How can technology be used to help you achieve financial freedom?

• What is financial freedom?
• Living debt free
• Letting money work for you
• Technology Aids in financial decisions by:
• helping to keep track of personal expenses
• offering tools for retirement and personal investing
• providing options for managing your own finances
• Can eliminate the need for paid accountants / financial advisors
• connects people to a vast wealth of financial information

What tools can be used to help you keep track of your personal finances?

• Apps can benefit users of all ages and financial status
• Beware of having too many tools: slow growth, losing track of personal info, and SECURITY BREACH

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How does security affect financial decisions when implementing IT to bank and budget online?

• Using PII – Personal Identifiable Information
• Data Breaches – when PII is exposed / used against you
• Experian Credit Reporting Agency Data Breach
• Fraud and Identity Theft
• Increase Account Security:
• Credit Report Monitoring
• Multifactor authentication
• Encrypting Passwords
• Change Passwords Frequently
• Don’t save account info outside of your banking app

Questions?