Cyber Security 101 (Part 3/3) – How to protect your money online?

In our previous two articles, we have covered what cyber security is; what kind of cyber attacks are out there; and how we can protect ourselves and our data from becoming another online casualty.

In case you are interesting in refreshing your memory, you can find them below.

Internet has opened many doors for us, and has transformed the way we live. With online shopping and banking, we have saved a lot of time and money. More and more people are transferring from traditional banks to financial services online, because it offers great convenience.

Cybercriminals have discovered a great opportunity in this and are stealing customers’ passwords, identities and money. It’s no longer just government and big corporations that are at risk from being hacked, it’s all of us.

Here are some useful tips that will help you stay safe online and protect your money and data.

  1. Use secure networks

This is something we are all guilty of, however try to avoid connecting to the Internet via a public Wi-Fi network when accessing your online bank account or online retailers. Cybercriminals can intercept the traffic and launch an attack with network worms.

  1. Use your own computer

Many public places have computers that are available to customers, however we recommend staying away from them. They may have several malicious programs running on them which can record everything that you type, meaning they can see your password or credit card number.

  1. Fake email scams

Cybercriminals use several different email scams to trick people into giving them their personal information. Part of online shopping are confirmations mails and package tracking emails and cybercriminals are using them in order to steal information.

To avoid this, only open emails that are familiar to you, if you have purchased something recently and if the email address is familiar to you. If you open an email that is a scam and click on any links included, the virus will get into your computer, run in background, collect all your passwords, and gain access to your financial accounts.

  1. Visit only secure websites

When you are shopping online, make sure that you are on a secure site. A secure site is market by https:// where s stands for secure. Cybercriminals will usually create ads offering great deals and last minute offers. It is a golden rule – If a deal seems too good to be true, it probably is. Check everything before you purchase items from a particular site and do some research to find out more about the site you are visiting.

If you want to go a little further, you can use ‘WhoIs’ IP service to find out more about the domain and get additional information about the website.

  1. Update your software

It is very important to regularly update your software because outdated software is a frequent cause of malware infections. When the system is unprotected and vulnerable, it is much easier to get into it. When shopping online an updated browser will secure your cookies and cache, and prevent data leakage.

Cyber Security is a growing concern in the world and more people have stared educating themselves so they can protect their data online. Even though we cannot affect everything online, we can be cautious and think twice before sharing sensitive information.

Retailers and online banks are doing what they can to protect their customers, and are constantly in search for new and better ways of protection. What we can do is be extra careful when using the internet and educate ourselves day after day so we are aware of the dangers lurking online and not let them catch us by surprise.

Manigo Team, June 2017

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