Online Digital Wallet

Electronic currency or keeping money online has changed the lives of people around the globe. There are now computerized account balances in which money is kept, which is stored in smart cards, and way in via credit and debit cards easily. Internet is now used for the imbursement of utility, insurance, phone, online banking, monetary transfer and other activates. But there are many crooks, which contribute to great security risk for keeping money online. Keeping or storing money online is not out of harm’s way because just a one wrong move will fade away the entire online saving in a second. The threats to save money online have risen nowadays.


It can be confirmed by the words of Zurawski, a vice president at online security firm, he said

[box type=”note” align=”aligncenter” ]The attacks on online financial accounts are continuous. The level of activity is routinely high because the likelihood of being caught is extremely low. (source)[/box]

Threats to your wallet

Keeping money online has very massive security risks and the swindlers take advantage of not being easily caught online on their crime such as hacking or stealing online money because they are much technologically sophisticated. There are many risks such as:

People are usually made victim of incentives. That is, hackers provide people with enticement of doing what you want. This scams people into reveling their passwords, details and private information.

Phishing is a widely used tool by fraudulent. This sends fake emails, websites or other type of messages, which seems legitimate, but it’s the message sent by hackers and easily acquire your confidential information which is arrested by the fraudsters.

Malicious viruses in software known as Trojan are very complicated and dangerous contrivance that is fixed on any internet- facilitated device without user consent.

It is usually installed on your devices by trapping users into emails or downloading something. Once installed, it records your password and other details by capturing screen shots of site user visit and collect all details of payment cards. Some Trojans in fact permit a hacker to shadow your computer activations, seeing everything you do.

How can you avoid scams?

To save the hardly-earned lifetime pennies online, the best way is to withdraw the funds from online accounts, but this is not the solution only. Following are the conducts to be alert in order to avoid being scammed and protect identity.

  • First attempt is to check the websites policies of privacy and authenticity. Before in flowing payment details on website, the link should be guaranteed that there ought to have a padlock icon in the browser window frame, which emerge when you log in. it should be observed that the web address should start with ‘https://’. The ‘s’ shows ‘secure’.
  • Ensure privacy by logging out of the sites in which you have registered details.
  • Protection of the computer system should be made effective by updating antivirus/antispyware software and firewall should be running before you go online. For internet banking, Trusteer’s Rapport software is high-level security. PayPal, eBay, Skrill, NatWest, all use this service.
  • Maintenance of high balance in accounts should be avoided. Withdraw your online currency as soon as possible.
  • Before transacting, the proper contact details of buyer or seller should be ensured. Its company or bank location should be determined, and the activity can be confirmed.


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