how to stay safe with mobile wallet services?

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How To Stay Safe With Mobile Wallet Services


The following are a few tipswhich will help you in enjoyinghassle free, convenient andmost importantly, securecashless transactions


Strong password

➢A password has to be ‘strong’ and not ‘difficult toremember’.It should contain combination of letters,punctuations and numbersFor example: ‘cdsdlmkds’ or ‘abc1234’ are not strong

passwords

But ‘ChunkyLover.53!’ is a strong one and easy toremember too


Keep a limited amount of money

➢Keep limited amount of money so that you don’thave to worry latter. Also, mobile wallets withlesser money are not on the radar or hackers andare not that prone to hacking.


Resist the urge to use public Wi-Fi networks

➢Public Wi-Fi is easy to break into and is popularfishing ground for hackers and frauds.

➢Make note of checking the network connectionswhenever you are making financial transactions.

➢Numerous online frauds complaints havementioned that they were using public Wi-Finetworks.


Keep an eye on mobile wallet statements

➢One of the key features of online money transactions is that every transaction is recorded with details.

➢Hence, even if hackers steal some money from your mobile wallet, there will be an entry in the statements.

➢Go through your account statements carefully and watch out for any suspicious actions.

➢Several online frauds complaints have indicated that hackers generally don’t steal a huge amount of money at one time and mostly resort to stealing small amounts after regular intervals. So stay sharp!


Avoid honey traps and check sources

➢hackers create honey traps which take users to some third party webpages and ask them to fill in forms.

➢The most common honey traps are huge discounts and cashbacks. If you encounter such offers, then the best way to check their authenticity is to ask your mobile wallet company.

➢Remember not all mobile wallet companies have the license to offer cashbacks


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