As long as you download all of the security updates for your system, and you don't do anything overly risky online (e.g. buy something online, use online banking etc) then you should be alright. I'm currently typing this on my 2008 Macbook running Lion, and have updated all the security updates.
Granted, I'm not doing anything major on it (listening to music, surfing the web, writing a story) and it's not my main device.
I agree with
@gilby101 above and I think that you should be fine for a while in regards to security updates, but as long as you aren't downloading anything suspicious, or looking at insecure websites and giving random people your important details, you should be fine.
I use Firefox on my main device (MBP M1) and so far, it hasn't let me down and I would happily use that over Chrome any day, given the chance. Chrome can be a bit bloated, and some people don't agree with Google spying on them, which is fine. Having used them both, I prefer Firefox hands down.
Yes, definitely make as many backups as you can manage. You can also buy an external drive/SSD and use it as time machine back up if you didn't want to go the Cloud route. In my experience, the cloud isn't bad but the drives are more secure, and faster. But some of them can be more expensive, depending on the size. I have a 4TB Seagate External Drive that I got for a good price and am happy with it. Works a treat for data backup.
And I definitely agree that if your MBP is your main device **do not use OCLP** if you are secure, and if you are still getting app support. You don't need to upgrade just yet. You should be fine for another year or so. I have an iMac running Mojave, and it's fine for now, in terms of support and what I need it to do.
Some people still use PPC and Early Intel devices, and they are fine online. You don't need the latest and the greatest to be fully safe. As long as you are sensible, you should be good for a while longer.