Did you know by 2025, about half of digital transactions will be done through mobile meaning the use of digital wallets will be more than double? Here are five steps you can take to protect your digital wallets.
The global adoption of digital payment methods is increasing at an annual rate of over 13.5%. By 2025, about half of digital transactions will be done through mobile. What drives this growth is the convenience of digital wallets and the policies governments around the world are putting in place to create cashless societies.
Digital wallets come either as an account you access through a browser or an application you download and install on your device.
A digital wallet works through the internet, which creates the risk of someone with some technical competency level accessing it to steal from you. Often the theft occurs when someone hacks your device or phishes you to steal the critical information needed to access the wallet, such as passwords and PINs.
The hacking is done through planting malware in your device to harvest data, and phishing happens when someone tricks you into sharing with them the information they need to steal from you.
It is essential that, as you embrace digital wallets, you take the necessary steps to protect yourself from these attacks.
The following are things you can do to protect your digital wallets:
1. Use a VPN to secure your communication.
Hackers seeking to steal data to use to access your digital wal ..
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