Cyber Security in Avoiding Scams on the Internet!

How to Stay Safe from Online Threats

October 2023 · Cyber security → at times a challenging field, of interest for some when giving best practices to avoid on-line frauds. As digital transactions increase, so do the exploits concocted by cyber criminals to take advantage of any weaknesses and steal identities and financial information. Cyber security is the only solution to keep you safe from online fraud.

Understanding Online Fraud

Online Fraud: This is the use of deceptive tactic by cybercriminals to gain access to sensitive information. Some of the common types of online fraud are as follows:

1: Phishing Attacks – Fake emails or messages which make users disclose personal details.

Identity Theft – Cybercriminals steal personal information to commit financial fraud.

Credit Card Fraud – Who stole card details and used it on unauthorised transactions.

Account Takeovers – Hackers break into accounts and modify login credentials.

Fake Websites & Scams – Scammers set up fake websites imitating genuine platforms to steal login credentials.

7 Best Cyber Security Practices to Protect You From Online Fraud

Create complex and distinct passwords

Locking your accounts up with ever-increasingly complex passwords generated (and stored) with a password manager should prevent hackers from gaining easy access. Do not use dictionary words or predictable information such as birthdays or names.

Use Multi-Factor Authentication (MFA)

Resources MFA provides an additional barrier by prompting a second method of authentication like a one-time password (OTP) to your phone number or email.

Identify and Steer Clear of Phishing Attempts

These can include unsolicited emails, links, or attachments from people you don't know. Please ensure that you know who you are dealing with before clicking on anything or supplying sensitive information.

Update Your Software and Devices

Regular updates for your operating system, antivirus software and apps mean that security updates protect you from new threats.

Track Your Financial Transactions

Check your bank and credit card statements often for any suspicious transactions. Contact police immediately for any suspicious activity.

Never Make Financial Transactions on Public Wi-Fi

These are public networks, and they are easy prey for cyber attack. Connect over a secure Virtual Private Network (VPN) when accessing any critical information on public networks.

Secure Your Personal Devices

Regularly use antivirus and anti-malware software to scan for and remove any potential threats. Do not install apps or software from unknown sources.

The Future of Cyber Security

As cybercriminals become more advanced in their methods, it is going to be ever more important to stay alert and ensure that you have robust cyber security practices in place. Online safety is an evolving landscape, and businesses and individuals must keep educating themselves about the latest threats and best practices.

Using these cyber security strategies, you can help to minimize online fraud and keep your personal and financial details safe in a digital world.

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