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How to Stay Safe when using your Bank Details Online

Since the pandemic began, more people than ever before are purchasing products and services on the web. To help reduce the spread of the coronavirus experts have advised us to stay at home, so even those who had never shopped online in the past have found themselves using the internet to buy items.

Unfortunately, cybercrime has been increasing during these unprecedented times, and lots of people have fallen victim. These hackers and scam artists are well aware of the number of people using the internet, and they are constantly trying to find new ways to gain access to their private data and banking details. Some folks have lost all their savings and private information to these modern-day thieves, and authorities find it very difficult to catch the culprits. Cybercriminals are sometimes located in foreign countries and are often located in a different continent, so trying to find them is almost impossible. A lot of victims don’t even bother reporting to authorities when they have been scammed, because they either feel too embarrassed or they don’t feel anything can be done.

Run a VPN Service

To help boost your security settings, investing in a quality VPN service can help. There are plenty of VPN providers offering their services, and they are readily available online.

A VPN (Virtual Private Network) will connect your device to a different network, making it difficult for outsiders to gain access to your device. It will mask your current IP address and replace it with a completely different one. When cybercriminals have access to your IP address, they will find it easy to hack your computer or mobile device. If you have a lot of highly secured data stored on your device, the hacker will be able to see everything, and they will be able to remove these files and folders. Cybercriminals are known to hold their victims to ransom, and if they take these confidential files, they might tell you that they will give them back to you once a fee is paid. To make matters worse, there is no guarantee that they will give you back your lost data, even after paying them a fee.

There are plenty of high-quality VPN services out there, and they don’t cost a lot of money to run. There are lots of free VPN providers too, but these are not as secure as services provided by reputable companies.

Avoid using your Bank Details when connected to a Public Network

Even hackers who are new to the world of cybercrime find it easy to access a person’s computer or mobile device when they are connected to a public WiFi. Although most hotels, restaurants, and cafes allow their customers to connect to their WiFi network, you should be very wary about using them, and if you are, avoid putting any confidential information into your device while online. There are easy to use tools that allow others on the network to see what you are doing on your device. If you are putting in your bank details and other highly secure information while connecting to a public WiFi, there is a chance that someone else will be watching what you are doing. These networks are unsecure, and you will find it difficult to find the hacker, even if they are in the same building as you.

Only use your bank details on a secure network, and if you have no other choice but to put these details into your device while connected to an unsecure public network, make sure you’re running a high-quality VPN service.

Never Give your Bank Information to Anyone Online

There are lots of scammers out there that convince people to hand their bank details to them. Some of these criminals spend day in, day out chatting with potential victims. A lot of people go online to find romance nowadays, however, sometimes the people they meet online turn out to be scammers. These cybercriminals have ways of getting private information out of their victims, so under no circumstances should you give your bank information or any other private data to a person on the web.

Scammers don’t need a lot of details to take advantage of you. Even if they can’t gain access to your computer or any of your other devices, they can create a lot of damage with just your personal information. Avoid sending money online, espilly to a person you have never met in real life.

Make sure the Site is Legitimate

If you are shopping online, there are plenty of things you can do to make sure the site is above board. There are a wide range of fake websites on the web, which hackers use to steal their victims personal details.

However, distinguishing between a genuine website from a website run by cybercriminals can prove challenging. Most cybercriminals know how to build a modern website, and they will often publish their contact details on a page to make it look like the real deal. Some of these sites even look like a banking website, so people are often fooled into thinking it is a website that is part of their current bank. If you are suspicious, consider calling your bank for more information.

In recent years, online gambling has been growing in popularity, especially since the outbreak of Covid-19. Hackers are known to create fake gambling platforms, and they have managed to take advantage of a long list of victims. If you are inputting your bank details into a gambling site, make sure the company is not blacklisted. Also, check the different reviews published about the various casinos online. If there are a lot of victims out there, you are bound to find people publishing content on the web about issues with certain online casinos.

Use Strong Passwords

Avoid using the same password for every account you have. Although your online banking might ask you to use a strong password, don’t use the same one for your email, your social networking accounts, etc. If you have a lot of passwords and you are finding it difficult to remember each one, instead of storing the passwords on your computer, consider downloading a secure password manager.

 

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