In recent years, the trend of moving funds through the online medium is slowly becoming popular because a growing number of individuals have started to find its utility. However, at the same time, various risk factors are associated while transferring money via the online medium. It is a fact that the stories of online frauds and theft are quite common these days as reported by the press. Hence, one has to lay proper stress on the safety tips for dealing with funds on the internet.
The internet is seen as a boon for those who want to use it judiciously. At the same time, it can be a bane for those who want to use it for creating frauds and thefts in the online medium. Fraudsters can make the life of an individual miserable by stealing massive amounts of money. Hence, by being on tenterhooks all the time, it can be ensured that there is safety while transferring money. Here is the list of top ten safety tips that must be followed by moving money-
1. One should change their passwords on a frequent basis
If for the first time you are signing in for your online fund transfer account, then you have to reset the password provided by the financial institution. This is so because it would help an individual to keep the account safe. Moreover, if a person changes the password on a regular basis, there would be lesser risks while dealing with funds in the online medium.
2. Never share account and bank details with anyone
The financial institution would never ask for confidential information of an individual. Hence, it is best advised not to fall into the trap of fraud telephone calls and emails. An individual under any circumstances should not divulge ones financial account details and passwords to any strangers. It can have far-reaching implications, and the repercussions would be felt later when the individual would transfer money via the online medium.
3. One should not use public networks to sign in into their accounts
In recent years, many online thefts have happened because many individuals have used public computers to sign in into their accounts. It is so because these are crowded places and there is always a risk that the security of the individual would be compromised. However, if a person logs in from a public computer, then he or she has to make the cache and browsing history from the computer.
4. One must frequently check their accounts
By regularly checking his or her account, one can verify whether the right sum of money has been transferred to their accounts.
5. One should disconnect the internet connection when not in use
By disconnecting the internet connection, a user can stay safe as hackers cannot access that computer.
6. Always transfer money in small portions
One should transfer money in small portions before transferring a large amount. It will never let one regret in the case of typos in the account number of the receiving party. It is better to be safe.
7. One should always log out after transferring money
After transferring money, one should always log out as in this way they can significantly minimize the risks of making public the bank details.
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