Keeping your digital Accounts secure
You do not want to be a victim of hackers. Because of this, you may find it uneasy to conduct financial transactions online. We, at VallettaPay understand your reasoning.
Online banks do keep your data secure. Financial institutions and online banks are targets for hackers, so these are built to withstand attacks.
Furthermore, online banks are usually small in size. This allows them to be more agile and quick to adopt new technologies that enhance security.
At VallettaPay, we regularly monitor accounts for potential fraud.
As we become more reliant on the internet, cybersecurity threats continue to surge. Fraud victims are always on the increase, whether in Europe or outside.
Victims include bank consumers who had their account credentials stolen. This type of fraud involves a hacker using valid account information to extract funds or purchase new products and services by using your digital account.
We recommend a multi-layered approach to cybersecurity. Defend yourself by setting up multiple layers of protection. By doing so, you will decrease the likelihood and magnitude of account takeover fraud.
Creating a strong password should be common sense. Unfortunately, many people still use easy-to-guess credentials.
Make sure your password is long (preferably at least 12 characters) with a string of random numbers, capital and lowercase letters, and symbols. While it’s fine to use plain, random words, steer clear of common phrases or quotes. Remember that hackers aren’t always people. Hackers are often algorithms that are trained on large sets of data. Stay ahead of these trained programs by keeping your password as long and randomized as possible.
In addition to making sure your password is strong, it’s important to keep each password unique. Don’t forget to change your password regularly. By keeping your passwords fresh, you will prevent account takeover incidents from occurring.
It is also advisable to avoid using public WiFi and regularly monitor your bank statement.
Finally, only give others access to your digital bank accounts, if completely necessary and you fully trust them.