GUIDE ON ONLINE SAFETY TIPS

5 COMMON THREATS FACED BY ONLINE BANKING SERVICES

There are also practices that you can carry out yourself to protect your money from cybercriminals. With this guide, we want to inform you about some best practices and recommendations so that you can protect your money online.

Security: a crucial priority in a digitized world
In a digital environment, security is a priority that takes on special importance. Scammers are always looking for new ways to refine their methods to take advantage of customer naivety when they least expect it. Their methods can be fast, innovative, and wildly creative – for example, in March 2020, during the first month of the global COVID-19 pandemic, coronavirus-related phishing attacks were said to have increased by a value of up to 667% across the world. world.

The best prevention against these scams is that you, as a customer, stay informed and raise your awareness. Here are some of the most common scams related to online banking services:

Phishing
is a type of scam that cybercriminals use to trick their victims into sharing their sensitive personal data such as access credentials, account details, credit card, and other information that can be used to impersonate your identity. They often use threatening language to intimidate their victims and manipulate them to satisfy their demands. Typically, these types of attacks are carried out through emails and SMS that often contain links to malicious websites.

Social engineering tactics are often subtle and coercive, and they are incredibly effective at manipulating a person’s emotional state. Scammers use different techniques to build trust and trick naive people into voluntarily revealing sensitive information to them. They may attempt to subdue their victims by rushing them, by referring to very urgent matters.

In fake job postings, criminals post advertisements containing fraudulent information to obtain personal information from unsuspecting people. They may even ask candidates to open accounts with false excuses and tell them to hide the reasons for their actions. This allows scammers to open bank accounts in the name of their victims and access them under the guise of actual job offers.

The fraud market is a crime that cybercriminals can make creating bank accounts with impersonated identities and taking control of accounts by phishing. Scammers use these stolen accounts to create fake profiles on online marketplaces, for buyers to transfer funds in exchange for non-existent products, fake real estate deals, second-hand vehicles, and other fictitious items.

Data theft occurs when cyber criminals attack large companies to access confidential customer data, such as names, addresses, insurance data, credit card data, transaction data, etc. Instead of tackling a bank’s security systems, cybercriminals target companies that people often hire online: airlines, retailers, or online streaming services. Stolen data can be used to access bank accounts that are then used to make purchases and commit other types of fraud.

IMPORTANT SECURITY FEATURES THAT HELP KEEP YOUR DIGITAL BANK ACCOUNT SAFE BEFORE, DURING, AND AFTER BLACK FRIDAY

Here are some of the most important security features to protect your account:

As much as possible, resist the urge to log in your sensitive financial account details into random websites, or 3rd party platforms whose credibility you cannot vouch for.

Two-factor Authentication: in addition to logging into your account through your linked device, enable the 2FA authentication that requires you to enter your password or verify your identity by biometric means to prove that you are the rightful account holder.

Fingerprint and Facial Recognition: biometric data helps ensure that only you can log into your account; so you won’t have to worry about your password being stolen.

Instant notifications: control all your transactions in real-time with instant push messages. This way you will have the possibility to review each transaction instantly, directly through your mobile.

Block the card from your bank app: if you suspect that your card data has been stolen, you can immediately block it or change your PIN in just a few clicks from your banking app.

3D Secure: A feature that’s provided by many banks and payment solutions. This authentication step requires you to authorize online payments through your app before they are processed, so you can easily identify and prevent fraudulent use of your online card before it occurs.

Location Tracking on your Banking App: If enabled, your bank or payment processor could easily track your location, and be able to detect if your card is being used in a different location than the one you are currently in, as well as other suspicious usage patterns.

Smart Payment Blocks: control the possibilities of using your card on any unauthorized platform by easily deactivating online payments, ATM withdrawals, magnetic stripe transactions, or payments abroad with a single click.

10 SIMPLE TIPS TO PROTECT YOURSELF ONLINE DURING THIS YEAR’S BLACK FRIDAY 2021
Whether it’s Black Friday shopping, banking, or managing your inbox, these tips will help keep you and your data safe in cyberspace.

● Create strong passwords with letters, numbers, and symbols, and never use the same one for multiple accounts.
● Never post sensitive personal data online or on social media.
● Be careful with public or shared Wi-Fi networks; Always choose secure WPA2 connections over WEP connections and use a VPN whenever you can.
● Choose email providers with spam and security filters, as well as two-factor authentication, such as Gmail and Yahoo!
● Be careful with offers that are too good to be true: they probably are not.
● Buy only from trusted websites or reputable sellers.
● Check that websites are secure: find the lock next to the URL and examine the credentials by clicking on it.

CHARACTERISTICS THAT GIVE AWAY A SUSPICIOUS MESSAGE
Urgency:
When someone asks you to do something right away, stop and see if you spot anything unusual. Cybercriminals often use urgent alerts to disrupt our decision-making process. Remember that real companies never try to coerce you into doing something right away.

Subtle Errors and Inconsistencies – Look out for generic introductions, misspellings, and formatting errors. These reveal possible phishing attempts.

Wrong URLs – Before clicking on any links, be sure to check the URL of the website in question. You can do this by hovering over the link to see the destination of the link. They may also be using a real URL, so look for characters that differ from usual.

Unsafe Websites – Always doubt redirected websites. Look for the padlock symbol that indicates that the connection is secure. Click on it and verify the website credentials. You will be able to check if the Secure Sockets Layer (SSL) certificate is valid and in whose name it is issued.

Information requests: pay close attention and due diligence when asked to submit personal data. When in doubt, contact your account manager or financial adviser at your bank.

CONCLUSION
Remember, the whole idea behind the Black Friday shopping is to enjoy great discount offers and savings on your purchases — not lose your money altogether, which is the whole essence of this article. Stay tuned for more insightful and informative tips on how you can make the most of your Black Friday 2021. Share with your colleagues, friends, and loved ones.

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