The Answers to Your Financial Security Questions Are on Facebook

Brent Pittman —  06/23/2015
lego robber

Your financial security question answers are on Facebook = a hackers dream Photo Credit: Smile its lego via Compfight cc

Recently we opened a new financial account and had to dream up answers to the financial security questions. You know the series of questions that are asked if and when you can’t remember your password. I’m not the only one who’ve lost their most important passwords right?

Those questions are often random, yet many of the traditional answers to those questions can be found on Facebook or social media profiles, especially for those in the younger generations whose whole life is chronicled by the Inter-webs.

Concerned? You should be!

How Hackers Can Hack Your Financial Accounts Through Facebook

This shouldn’t come as a newsflash. Hackers are trying to steal your identity and money; it’s happening every single day online–offline too through your snail mail.

One easy way to find the answers to your financial security answers are through Facebook or other social media.

Think about a few of the popular online security questions I’ve seen recently:

  • Your mother’s maiden name: Time to talk to your mum about changing her name online, or maybe you’re uber paranoid enough to defriend your mom. Who would even consider that?
  • You High School? High school colors? High school mascot?: Easy to find on your Facebook timeline or maybe even by searching your Twitter archives.
  • Best friend? First best friend? These answers could be found on Facebook or maybe even that old Xanga blog you abandoned years ago.
  • Hospital of Birth? This shouldn’t be too hard to guess.
  • Favorite song? You still have that old My Space account active?
  • Favorite book? Good Reads profile or Amazon wish list or even your profile on Yelp. Speaking of Yelp, that’s a treasure trove of information about where you live, shop, frequent…etc. I bet a hacker could mine that information too!
  • Favorite Movie? Easy- Spaceballs! Another easy one to glean from Facebook.
  • First Boyfriend/Girlfriend? For those in the younger generation, there are probably hundreds of online exchanges between your first significant other online.

Are you freaked out yet? I am. Maybe I should do a yearly audit on my social profiles to scrub any information that hackers could use to claim my identity. I try to keep up with the latest Facebook privacy updates, but it’s tough to keep up. Good thing I believe in identity theft protection.

What are your thoughts about identity theft and the possibility that the answers to your financial security questions are on Facebook? 

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Brent Pittman

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Brent is a financial coach and writer looking for the perfect donut. He believes personal finance should be both fun and accessible to anyone willing to learn.
  • Travis Pizel

    Wow, I’ve never thought of that….I (like most people I’m sure) usually pick the security question that is easiest to remember, or easiest to just “get it out of the way” as quickly as possible. Looks like a little more thought needs to be put into answering that question.

  • krantcents

    I am always surprised what people are willing to share online.

  • I find amazing what the average person thinks nothing of sharing with Mark Zuckerberg & Co. I never would have guessed that people would be so eager–not just willing–to spill their guts for the world to see. That’s one reason Zuckerberg’s rich and I’m not. 🙂