AI and Your Finances Don't Mix

Artificial intelligence, also known as AI, is transforming our personal lives by streamlining tasks, boosting efficiency, and opening the door to innovations. However, with these opportunities come new responsibilities. This article will guide you through some best practices so you can understand the consequences of mishandling AI.

Some Things Are Better Left Unshared

You should never insert sensitive banking or other financial information into any AI search bar. Here are a few examples.

• Online and mobile banking credentials

• Social Security Number (SSN)

• Personal Identification Number (PIN)

• Tax returns

• Debit or credit card numbers

Think of AI like a chatty acquaintance; fun to talk to, but not someone you’d hand your Social Security number or other personal information to. So, let’s keep the small talk small and the private stuff, well, private.

Why Would Someone Share Personal Information With AI?

AI has become a popular, innovative resource that has been used by millions, so it’s fair for people to think AI tools are a trusted search engine for secure conversations about their financial information. The fact of the matter is, they’re not. AI search bars aren’t designed to store, protect, or process sensitive personal information, and anything you type could be stored, shared, or accessed in ways you can’t control.

How to Stay Safe When Using AI

While AI can be a helpful tool for learning and problem-solving, it’s important to approach it with the same care you use online anywhere else. Follow these best practices to keep your financial information secure:

• Keep private information private: Never share account numbers, passwords, or other sensitive details.

• Use official channels for banking: Always rely on your bank’s secure website or app for financial transactions and account questions.

• Check privacy settings: Understand how the AI tool handles your data before using it.

By using AI appropriately, you can enjoy its benefits without putting your personal or financial security at risk. Remember, when in doubt, leave sensitive information out.