Thread by @saltpe_

A Quick Guide To Prevent e-wallet Scammers

#Thread
While back in the real world, where you can clutch on to your wallet and protect your money, you don’t have this luxury in the virtual realm. So here’s how to effectively prevent e-wallet scammers:

#1 Look for Genuine E-wallet Providers

One of the main modus operandi of scammers is to offer fake e-wallet service or dubious payment portals. You will most likely be enticed by unbelievable offers like ‘20% balance increment to whatever amount you deposit’.

Once you fill in your bank details or transfer the money, the portal is nowhere to be found anymore. So it is highly advised to transfer your money to e-wallets of the financial companies regulated by the central financial body of your country.

#2 Unsecured vs Secured Gateways

Secured gateways are websites protected using SSL (secure sockets layer). These websites usually have a lock sign at the start of their URL. This indicates that these websites are verified and free of bugs.

Here, you can share the private credentials or your e-wallet details to carry out a transaction, generally without worry. Sharing details on unsecured gateways is the equivalent of handling your house key to a burglar.

#3 Watch Out For Harmful Malware and Viruses

By clicking on unsafe links that are shared to you via SMS, emails, or other chat options, in the guise of some emotionally charging information, you end up downloading harmful malware.

#4 Strong Password: A Major Line of Defense

There is a crucial reason why cybersecurity experts always urge you to create a strong password.

Many times e-wallet scammers can access an account since the password is a pitifully easy sequence like ‘Abcde’ or ‘12345’.

#5 Be Wary of Fake Help Handles and Portals

Once you are experiencing some problems related to your e-wallet or your transactions in general, you will intuitively search about it on a platform like Google.

Here, you will most likely encounter fake support handles of that payments platform, usually on popular social media platforms like Twitter or Instagram.

These handles masquerading as the official one will likely send you a link or coax you to reveal your account details in the guise of solving your problems.

The popular idiom ‘Prevention is better than cure’, fits aptly here since by just being a bit aware and vigilant, you can safeguard your money in an e-wallet.

Read the full article to delve deeper into the topic-

#ewallet #scam #fraud #onlinebanking
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