Cyber crimes related to digital banking are on the rise and every day, scammers come up with innovative methods to deceive gullible consumers observed by Bahaa Abdul Hussein. Everything from calling your phone to surreptitiously installing spyware on your phones is being used to loot your hard-earned money. Fear not, for digital security is also evolving side by side to protect users around the world from cyberattacks on their bank accounts. You can use a range of methods like enabling biometrics to using multi-factor authentication to protect yourself.
Read on to know about the common banking scams and the precautions to take to safeguard your credentials.
Do’s and Don’t of Online Banking
– Never use open networks
It is pertinent that you never use open WiFi networks unless it is absolutely essential. This is one of the most common ways in which attackers attempt to steal your data. Always invest in good mobile data plans and only connect with trusted networks.
– Stay on top of updates
When was the last time you conduct a check to ensure all your apps are updated? Sometimes even when automatic updates are turned on, an app might be scheduled to install at a later date or not be available for your device yet. Make sure you are always using the latest version of your apps.
– Antivirus and VPN are your best friends
Spend a little to protect your online privacy by getting good antivirus and VPN apps and softwares. They will help you maintain digital anonymity, secure all your transactions and protect you against malwares, spywares and so on.
– Regular checks of access and activities
The average person downloads a new app every month. It is essential to never download third-party apps of questionable origins. A lot of cyberattackers use fishy apps on your phone to sneak past your security defenses.
– Know the latest M.O. of spam callers
These days fraudsters pretending to be banking personnel are calling us with novel methods of operation. They ask to confirm your addresses, phone number, email addresses, security codes and even use voice or face-based A.I. to deceive you. Banks these days explicitly tell their customers to never share such sensitive information with anyone on the phone.
– Never open suspicious links
Phishing attacks are also a common way in which users fall pray to online banking scams. Never click on links in your text messages or emails that do not come from trusted sources. Attackers will prompt you to enter your confidential information on sites that look legit but are actually fake.
Thank you for your interest in Bahaa Abdul Hussein Blogs. For more information, please visit www.bahaaabdulhussein.com
