Security Tips You Should Follow While Using Digital Wallets
By Prempal Singh
After announced by Prime Minister Narendra Modi about the demonetization in India and asked people to return Rs 1000 and Rs 500 notes, uses of e-Wallet are rises. Companies like Paytm, PayU India, MobiKwik, Freecharge are already seeing results and many people are using frequently the e-wallet. Prime Minister Narendra Modi also forced to using e-Payment and will announce to launch government e-wallet as par ‘Man Ki Baat’. But if we talking about the cyber crime then it is hard to use safe e-wallet. Cyber Criminals can hack your e-wallet account. So here are some security tips, you should follow while using e-wallet or digital wallets, so follow some steps to secure your transactions and e-wallet also:
- Use Secure Network Connection
This is very simple and first steps to secure every online transaction that uses a secure network connection. So never trust on open WiFi, through this, you will be a victim of MITM. You can use VPN services to keep their communications secure and encrypted and away from prying eyes. To them, unprotected connections mean someone’s reading what you say.
- Choosing Strong Password
Your name, pet name, family names and details, birthdays make for supremely unsafe passwords. Instead, start with things others are unlikely to guess and use our password checker as a tool to help you learn to build better passwords. The good information is, a reliable security password doesn’t have to be something similar to cy3r@0-ps#$ random string you’ll never remember. Try our techniques to create strong security passwords that are easy to memorize.
- Install Apps from trusted sources
You must be download and install an app from trusted sources. Never download the app from the websites or share via Bluetooth and WiFi Direct. Cyber criminal can bind malicious application with the smartphone app, and if you install then hackers get full access your phone. So be aware of while downloading and installing the application on your smart phone.
- Use Two-Factor Authentication
You can set the security on your e-wallet app that whenever you log in its need two-factor authentication. so if someone gets your password and tries to log in to your account, then with the help of this feature, a code is generated and send to your registered mobile number and not able to login to your account.
- Don’t Click on unknown or untrusted links
Most probably Cyber Criminals used this technique to affect victim’s mobile, computer important or personal data. You can receive that type of links via emails or social networking sites like facebook, twitter, LinkedIn etc or social media messenger such as WhatsApp, Hike, Line, Viber. Whenever you click or tap on this link then you could the victim of phishing, malware/adware/rootkit install, IP trace or any harmful things.
Sometimes we open random websites like how to hack facebook account or anything, then website force to install software with the permission of administrator and force to disable anti-virus or firewall. And user not able to think about that or install software. Although the software is not working but behind the process, hacker installs RAT/Trojan/Ransomware on your computer or mobile system without your permission.
So don’t click on unknown or untrusted links. You can install the Virtual operating system on your computer.
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- Don’t Share your personal Information in publicly
Your personal information must be private and don’t be shared with anyone. Your login credentials (username and password) of all account is not in writable form such as in your diary, on your draft email etc.
These are simple security tips so you can save your e-wallet and post your comment if you have any query!!!!