Did you know that in 2019 alone, 4.1 billion records were compromised?
I’m sure memories of that fateful day when you found your online account hacked are still fresh in your mind. More and more companies are turning to e-commerce, necessitating the need to use online mobile transfer once in a while. Since you can’t resist the need to transfer money online, you have decided to learn the best online transaction practices.
Read along to get five tips for using online money transfer services.
1. Remember to Sign Out
Transacting online requires you to be extra vigilant if the number of online fraud cases is something to go by. After completing a transaction, make sure you log out before leaving the app or browser. When you leave the account logged in, someone can access your phone and transfer money without your knowledge.
Make sure you don’t save your account details in the auto-fill form to prevent the chances of someone accessing your account. More so, avoid the “keep me signed in” option like a plague. You can take your vigilance to the next level by always clearing your browser history and cache once you make a transaction online.
2. Have a Strong Password
How secure is your online payment account, and how strong do you think your password is? Most cyber-attacks are financially motivated; hence, you risk getting hacked if you keep a lot of money in your online account. However, all is not lost, as you can have a strong password to make it hard for hackers to get your account.
People often create simple passwords to make it easy to remember, which will only sabotage the security of your online account. Ensure your password is a combination of lower and uppercase letters and special characters. More so, avoid using the year of birth and dictionary words as your password.
3. Never Use Public Wi-Fi to Make Transactions
I’m sure you enjoy using public Wi-Fi at your favorite coffee shop since it comes in handy for saving mobile data. However, when it comes to online money transfers, it’s advisable to use a private network.
4. Be on the Lookout for Fraudsters
Fraudsters are always coming up with new ways to fool and deceive people into robbing them of their hard-earned money. When you want to send money abroad, don’t fall prey to attractive money transfer websites. Consider a well-known money transfer platform to enjoy the best dollar exchange rates.
5. Secure Your Mobile App
How confident are you that if your phone got stolen today, the thief can’t access your online mobile account? Thus, you need to level up the security measures of your mobile app. Set up a two-factor authentication factor, fingerprint, or face ID.
Simple Things to Learn When Using Online Money Transfer Services
The security of your mobile online account is partly your responsibility and that of your vendor. Incorporate the above tips when using online money transfer services.
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