Home » Alerts » How to Secure Digital Wallets from Cyber Criminals?

As the world is moving towards the digitization age and seeing a cashless economy, it will be of immense help to know how to do online transactions safely. Many of us are not tech savvy and hesitate at the idea of using e-wallets. Will it be simple and will our money be secure with Digital wallets? Here in this post, we have discussed all these points in detail.

Security awareness is important for:

(a) To lower the possible misconceptions around the digital payments.

(b) To make sure safety of your transactions online.

Just like there are some simple rules you follow to save your cash/ cheque payments, likewise, a few basic safety measures will go a long way in making all our electronic payments secure. As we are moving to an age where mobile is replacing the PC as the primary device, there is proper need of security out there.

Digitalwallet

According to Global Security 2017 Report, BullGuard Labs sees mobile malware enhancing its growth, with banking Trojans, ransomware, and remote access tools among the leading dangers. The report clearly reveals the need for safety against a growing volume of mobile malware and expanding danger surface that becomes important in a mobile economy. Users should know that their safety depends on a lot on their mode of usage. Alertness of secure practices and security risks go a long way in making digital transactions a smooth affair. For example, before making a transaction, make sure that your safety software is up to date and running.

Suggestion: Use safe networks only and form strong passwords, remembering to have multiple passwords for multiple websites. Look out for the ‘https’ at the beginning of a URL and green lock sign and verify domain name of the URL. It must be like “abc.com” or “abc.in” and not “abc/festivals-in.com.

With a boost to the mobile economy and the rise of e-wallets, how should people approach safety?

Already a mobile first economy, China has the second largest internet savvy users and is emerging to overtake the US as the second biggest Smartphone market in 2017. As the world is moving towards a cashless economy, users are understanding that in addition to their computers, smartphones also need to be actively protected from the expanding threat landscape to improve their connected experiences.

As one of the leading market shareholders in cyber security, BullGuard have had the chance to work with multiple large enterprises, Fortune 500 companies and banks and they believe that with digitization, start the need to save one’s digital footprint and assets. BullGuard Security is committed to offering a safe and secure digital scenario to all our users. Securing our connected devices is vital considering that many people also use personal gadgets in the workspace and any loophole in security can end up in loss of confidential business details or even reputation. Today, owing to the level of our online survival which spans from social media to using e-wallets for most of the payments, calls for reliable mobile security software. At BullGuard Security, they offer mobile security software for free from the Play store/App store. The other advantage is after sale or download service of BullGuard is outstanding. Simply contact BullGuard Tech Support toll-free number. Once you contact them they will assist you in installing and configuring your device settings.

Tip: Just like you would be watchful about opening your doors to an unknown person, similarly, be watchful if you use the public Wi-Fi network at the coffee shops, airport, and other venues, or even the guest login offered for your hotel room.

How can users stay safe online?

Avail protected connections only. It goes without saying that your safety is as strong as your PC and internet security. Go only for latest comprehensive security software for your devices and smartphones. Carry out payment transactions over VPN networks and be away from public Wi-Fi.

Install digital wallets straight from official websites. Do not click on links you get via e-mails or messages. They may comprise malware or could lead to unsafe websites. Instead, download from genuine official websites of your bank or from the App Store or Google Play Store.

Uncheck the ‘save card’ box. This is a safety tip that will help save your bank account details if your account, or the site, gets hacked.

Use multi-factor authentication. Use password management software, like True Key by BullGuard Security, to help you save and form strong passwords, and allow multi-factor authentication on your gadgets and online accounts.

Be careful of Phishing cheats. This is a major trick used to fool users to part with their details. Armed with details and bank/e-wallet account details, hackers can fool you. Avoid replying to e-mails from unknown persons and opening attachments or links without prior confirmation. Be watchful of what you share online and never reveal your bank or personal details to callers supposedly from your bank.

Smartphones have escorted in an exceptional age of connectivity by providing users access to a world of education, information, employment and even m-commerce. Around 250 million smartphones were sold in the whole world in 2016 and this makes it the main market for cyber criminals who want to benefit from stealing the vital data of unsuspecting users. With a number of online transactions happening today, public Wi-Fi hacks, app explosion, and social engineering-based attack; mobile security has to turn out to be a primary need.

We need to give safety top priority and not treat it like a late addition. A mobile security app should be one of the first apps we install after buying a new gadget. People do not have to be the weakest link in the safety chain. They can be the strongest link if we pass on better education on how people can securely use technology. BullGuard Security is committed to ensuring a safe digital practice for all. The idea behind BullGuard security software’s is to protect the users from any sort of online threat.