6:01 pm - Friday December 15, 2017

Can You Ever Trust the Internet with Your Money


Everything is happening so fast today that it seems that the Internet has been with us for a century and not for only two decades. Most of the things we do on a daily basis are moving online. Social media have become virtual shrines of online socialization, websites and forums have replaced schools and newspapers and online shopping is thrifty alternative for day-long, real-world shopping. However, there are numerous hazards, waiting for online buyers, so let’s see how to improve your online financial safety.

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Cool with cold callers

Fraudsters have dozens of way to obtain your personal data. One of the simplest, most ridiculous and still incredibly successful methods they use is cold calling. They have a two-fold goal here – firstly, they need to convince you that something is not right with your bank account or card(s); secondly, they have to persuade you to give them your private data, such as the PINs and other details that they might need to get access to your accounts. Such money-seeking cons count on the natural fear that everybody feels when they are phoned by an authority. So, to play cool with calling fraudsters, never give your data to anyone via the phone, but go directly to your bank and sort out your issues there.

Scatter and limit the assets

One of the most common mistakes people do when it comes to the net and their money in virtual space is that they use one bank card for every single purpose. That way they increase the risk of being exposed to an online robbery. Instead of placing all the money you have on one bank account, you should scatter the assets. This means that everybody who wants to stay safe online should separate the money needed for online shopping and payments on a special account and ask for an additional credit card for those transactions. In addition, setting your own limit on that card will contribute to your on-the-web safety.

Play it safe – use reliable services

Although banks have introduced numerous products for e-banking, this is not their primary service and they develop online paying systems only as an addition to their work. In order to stay completely safe, it is smarter to go for tested and well-known payment services. When it comes to online payments, PayPal is a household name and it is used worldwide. You can pay both to businesses or private persons via this platform.

On the other hand, paying via the cell phone means that you always have to be sure that the payment client can assure absolute safety of your transaction. Always.

Tangible goods – immune to frauds

Keeping the money in its initial form, i.e. in bills or on bank accounts is always a risk. Even if you are the most cautious person in the world and take all the measures to protect it, a hacker’s attack on the global level is something you cannot control. Such a strike could happen and leave you penniless. This is why it is wise to think about back-up solutions for giving your money a tangible shape. For instance, some reliable businesses, like Gold Mart, give their clients an opportunity to invest their money in real belongings. By doing so, their clients keep the value of their money high, thanks to the commodities in which they invest it.

It is hard to stay 100% safe during online purchases. However, you should do everything in your power to stay as safe as possible and enjoy the benefits of online shopping.

Filed in: Investing Saving

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