Transactions are now quicker and easier than ever thanks to technological advancements like digital wallets, banking apps, and cryptocurrencies. But this convenience has a price: cybercrime is becoming a bigger menace.

Here are some professional cybersecurity advice to help you safely traverse the digital terrain.

1. Watch out for financial phishing

One of the biggest risks in the digital world is still phishing. Financial phishing was responsible for 27% of all worldwide phishing attacks against corporate users and 30% of assaults against individual users in 2023.

Cybercriminals create phony emails or texts that look like official correspondence in an attempt to deceive recipients into clicking on harmful links or disclosing personal information. Always confirm the legitimacy of emails and texts before sending money or revealing account information in order to be secure. When in doubt, choose reputable apps or official websites.

2. Steer clear of banking trojans

Another common threat is banking trojans. These harmful programs frequently pose as trustworthy apps, fooling users into downloading them via unofficial app shops or phishing scams.

Once installed, these trojans have the ability to spoof legitimate banking apps and take your login information while you log in.

Use only official app stores, such as the Google Play Store or the Apple App Store, to download apps, and be wary of apps that ask for permission to read your SMS messages in order to protect yourself.

3. Protect your information by securing your digital connections

Your payment details may be compromised by hackers if you use an insecure internet connection. Even though the majority of digital wallets encrypt data, it’s advisable to stay away from using public Wi-Fi to access online bank accounts. For increased security, utilize a virtual private network (VPN) or a 4G connection instead.

4. Guard your gadgets

Your financial information may be accessible to thieves if your computer, tablet, or phone is taken or lost. Use strong, one-of-a-kind passwords to secure your gadgets and financial apps to avoid this.

Set up alerts with your bank as well to keep an eye on account activity and identify any questionable transactions right away. Recall that over time, even minor unauthorized charges can mount up, so caution is essential.

5. Make use of complete security software

It is imperative that all devices utilized for financial transactions have a strong cybersecurity solution installed. Utilizing Kaspersky Premium, which has a unique feature called Safe Money, is advised. This program is made to protect your money and personal information from internet risks while you purchase and bank online. To keep ahead of new threats, regularly scan your devices, update your operating system, and install apps.

6. Keep a careful eye on financial activity

It’s important to monitor your banking activities even with security safeguards in place. Hackers may begin with little amounts that are easy to miss rather than always aiming for big transactions.

No matter how little the transaction, set up alerts for it and notify your bank right away if you notice anything fishy.