We’ve all heard of how convoluted and dangerous the online world can be, especially when they get a hold of your credentials through a bank or other institution... Banks are increasingly tackling these types of cyber crimes and cyber security by introducing anti “Skimming” and copying technology used by today's criminals by means of aggregation apps.
Aggregation apps are at this moment in time are the BEST WAY to avoid scammers, as generally a linking code is used to talk to your bank to authorise payment.
Many online platforms such as PayPal are sending banks small increments at a time in order to get the banks and the consumer to verify that they did indeed pursue that purchase.
Staying Cyber Safe
Change passwords regularly to avoid overusing password, ensure a strong password with a variance in capitals, numbers and symbols.
DO NOT overshare information
Inform your bank – Sharing information such as travel dates overseas to your banking provider can stop scammers in your local area from using your cards and enable banks to put a hold on that card.
Want To Know More about Cyber Security?
This simple video from Teach insider, former NSA hacker reveals 5 ways to protect yourself online.
