4 Ways To Keep Your Money Safe Online 

Undoubtedly, the internet makes things easier and more convenient. Whether you’re sending money using services such as Send money to the Philippines, receiving payment, shopping online or making orders, it can be difficult to do without the internet. However, everything you do leaves a digital trail. And this includes your personal, financial and other sensitive data. According to a recent study, cybercrime and fraud cost the UK a whopping £3 billion. To stay on the safe side, here are four things you can do to keep your money safe online. 

  • Use unique and secure passwords

Banks, investment firms, credit card companies, and other financial institutions utilise cutting-edge digital security systems. For instance, bank-level security does a fantastic job of keeping hackers out, using secure browser connections and solid security protocols. However, as an individual, creating a unique, random, and strong password for each website and app you use can guarantee more safety online. Additionally, you can use a few reliable, secure password managers. This way, even the best hackers or cyberattack programs will have a tough time penetrating your account security when you use unique passwords. 

  • Keep your devices updated

Update your devices as soon as possible if you are notified of a new update. Aside from adding new features and improving your device’s battery life, manufacturers and developers usually release new updates to fix a slew of bugs inside an old app or operating system. This can enhance your security. It takes one malicious app on your device for a criminal to monitor your screen, copy your credentials and access your accounts. 

  • Avoid suspicious websites 

A poorly designed website or one with several popup windows can signify a fraudulent or unsafe website. To be secure, stick to well-known stores and payment services like PayPal. If you must make the transaction, use a credit card rather than a debit card since most credit cards feature extensive fraud safeguards. On the other hand, a criminal can access your savings when they use your debit account to access your checking account. To avoid entering your credentials on suspicious websites, you can use a link scanner, check the website URLs for issues, use a web filter and avoid opening questionable sites. If it doesn’t look real, it probably isn’t. 

  • Consider who holds your money

You should consider where your money is stored if an app or service requires you to top up your account. Is it with the service provider or bank? You should have no problems selecting a reputable, well-known service provider. However, keep in mind that systems malfunction and there could be inconveniences when you utilise a service that holds funds. Do your due diligence to determine if the business is trustworthy to prevent losing all your money. You can research to find the best crypto custody accounts if you want a wallet with multiple-level security and accessibility to hold your digital assets. 

Keeping your money safe can allow you to enjoy greater financial security. Consider these tips if you are concerned about the safety of your money. The smallest effort can go a long way to provide you with some peace of mind.

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