Welcome back to BUYEX blog! A lot has been said on the topic of health safety in the last couple of months. However, let’s not forget another important aspect of social security - the safety of your assets. The 21st century has witnessed a rich variety of completely different types of fraud that cause many headaches to account holders all over the world. In this post, we are going to look at the most “popular” ones, as well as highlight the security tips that can protect you from the risk of becoming a victim of fraudulent activities.

To start with, a very common way to get and misuse sensitive data is an incoming call from a “technical support”, during which you are going to be informed of some kind of suspicious activities and asked to go through a verification of your identity - that’s to provide sensitive data like CVC, CVV, 2FA password etc. If you do - well, surprise: your account is empty. To avoid this, remember the following tips. Whenever you receive such a call, always hang up and call your bank / any other financial service or app directly, using the phone number stated on the official website. And NEVER provide any codes or passwords to anyone. This kind of data is meant to be confidential. Period.

Another issue is web fishing, which is scam pop-up ads and emails sent by fraudsters on behalf of the banks / financial service providers. Same principle applies: you will be asked to enter sensitive data on fake web pages, which will transfer this information directly to hackers. To avoid this, make sure that you always double check the URL and the sender’s email address, ensure that your browser is encrypted and obvious: ignore pop-up ads.

Viruses sent by emails and / or text messages can also cause huge problems by copying your wallet addresses. It is enough to just click on a video / audio file or picture in this message, and your device will catch this virus immediately. So, the safety precautions are: ensuring that anti-virus software is installed on your laptop AND your smartphone; ignoring any weird-looking links and getting a habit of verifying all email addresses received from unknown senders.

Continuing, another issue is fake apps that have been created by hackers with the only purpose to steal the user’s sensitive data upon the registration procedure. To avoid these risks, it’s best to download any apps from the verified websites or AppStore only and make sure that your 2FA is on. Browser extensions can easily be used for illegal mining, so it’s best to use a separate browser for your financial transactions and just to not mess up with any unknown extensions, period.

Unprotected public wifi can be way more dangerous than you could imagine due to hackers attacks directed on transmission of sensitive data entered during the session. So it’s really important to use protected networks only. Ignore bots activities - period. Never scan your QR codes outside of your bank’s website / your financial service app. The codes are way too easy to generate. These are the most common types of fraud. Avoiding the risks is really simple as long as you are aware of them. Use the “safety pillows” we described above and stay safe - in all meanings!