The Internet has become one of the most common instruments for committing fraud, and thieves’ hacking skills are growing increasingly sophisticated. As a result, consumers should only conduct financial transactions over trustworthy secured wireless networks, and you should be aware that any personal information supplied online might be utilized by criminals to commit online fraud. This article will expose you to ways you can avoid internet fraud.
Consumers aren’t the only ones who are vulnerable to online scams. Businesses are more vulnerable to email and online fraud, as seen by recent data breaches at big retailers and an increase in fake communications. Many consumer-oriented online safety procedures can also safeguard businesses.
At the same time, organizations must have a company-wide security plan in place to ensure that employees assist in the protection of sensitive company data.
Here are five best practices to follow in order to avoid internet fraudsters
Separate your financial information
Use a dedicated workstation for all company banking activity for business users in particular. Access the Internet and do non-banking business on other computers. When it’s time to retire a computer that was used to access company finance, make a backup of all sensitive data and wipe the hard disk before recycling it.
2. Don’t Share Your Passwords
Passwords should not be shared, and any documents containing financial data should not be left in an insecure location. To improve security, change your passwords on a regular basis, and use a combination of letters, numbers, and special characters when possible.
Change the default password and SSID for your wireless network (name used to identify your network). Consider employing encryption on your network and not broadcasting your SSID. Use a strong password, which contains a mix of capital and lowercase letters, digits, and special characters and is at least eight characters long.
3. Avoid Phishing Fraud
Phishing emails should be avoided at all costs. These emails are intended to entice you to click on links within the email in order to authenticate or modify your account in some way. The links in the email are frequently used by scammers to install dangerous software (also known as Malware) on the computer or device you use to access your email. This malware has the capability of obtaining personal data.
Phishing scams deceive users into giving confidential account or login information by sending them fake emails or visiting fake websites. Do not click on any links, attachments, or pop-up windows from sources you are unfamiliar with.
4. Keep Your Computer Safe
With cyber threats on the rise, installing antivirus software on your computer or network is more critical than ever. It’s also critical to make sure you’re running and updating this software on a regular basis to avoid malware invading your computer. Additionally, you may help combat malicious cyber activity by installing and enabling the following software programs:
- Anti-spam software: Helps guard against phishing emails by preventing spam and junk email from entering your inbox.
- Firewall: Prevents viruses and malware from gaining unauthorized access to your computer.
- Anti-spyware software: prevents spyware from being installed on your computer, can monitor or control how you use your computer, and sends you pop-ups or redirects you to harmful websites
Keep your computer’s operating system and Internet browser up to date to protect yourself from fraud and theft.
5. Be Careful of Sharing Personal Information
Secure your privacy settings and avoid sharing personal information such as birthdays, addresses, and your mother’s maiden name. Requests to connect from persons you don’t know should be avoided. Maintain your computer’s security software and avoid inputting personal information (such as financial information and log-in credentials) on public computers, which may have software that records passwords and other information you type. On a website where you will be logging into an account or transferring data, such as banking or ordering products online, look for HTTPS at the beginning of the URL.
Consider sharing your information with caution. Be wary of calls or emails that ask for personal information. Never give out personal information unless you’re sure it’s coming from a reliable and trustworthy source. A fraudster could try to gain your personal information by sending you false messages that look to come from reputable sources.
If you believe you have been a victim of an internet fraud, take action right once. If you have provided account numbers, PINs, or passwords to an unknown source, immediately tell the firms with which you have accounts.
Be on the lookout for those who approach you by email or phone unexpectedly and seek for personal information. Open emails, links, and attachments from reputable sources only.