How can you protect your financial information?

Using strong passwords, keeping personal documents secure, and monitoring credit reports regularly is crucial for protecting your financial information. Strong passwords serve as the first line of defense against unauthorized access to your accounts. They should be complex and unique for each account to minimize the risk of hacking.

In addition to strong passwords, keeping personal documents secure—such as financial statements, tax records, and sensitive personal information—helps prevent physical theft or unauthorized access. This includes storing documents in locked areas and being cautious about what information is shared publicly or online.

Regularly monitoring credit reports is equally important, as it allows individuals to detect any suspicious activities or identity theft early. By staying informed about their credit status, consumers can address potential issues before they escalate.

The other options fail to capture effective methods for safeguarding financial information. Ignoring unusual account activity can lead to significant losses and missed opportunities to address breaches. Sharing sensitive information, even with trusted individuals, can inadvertently lead to leaks or misunderstandings regarding privacy. Lastly, using a single password for all accounts poses a considerable risk—if one password is compromised, all accounts linked to it are vulnerable. Therefore, the approach outlined in the correct answer is comprehensive and essential for maintaining financial security.