29 Nov 2024
Do you know, you can do the following with a click of a button or a tap of the screen: money transfer from Denmark to Gambia, send money to pay bills, and send money across borders using digital wallets these days. However, convenience comes with the risk of cyber threats. Do you know that it is predicted that cybercrime will be claiming over $10.5 trillion globally by the year 2025?
As a Gambian controlling your money or transferring cash back home, making sure your digital wallet is protected is not a luxury but a necessity. Alright, let’s take a closer look at how you can shield the money you worked so hard to earn from this growing scourge. Let’s take a closer look at how you can shield the money you worked so hard to earn from this growing scourge.
An e-wallet is an electronic device, similar to a digital purse, which enables an individual to undertake electronic transactions without necessarily using physical cash or coins. ACE Money Transfer is among the most frequently used digital wallets by Gambians residing in Denmark and others who use it to make purchases or send money back to their families in their home country.
About cyber threats that affect the use of digital wallets, there are phishing scams, malware attacks, and unauthorized access commonly reported. Phishing is one of the main methods of deception; attackers will send an email or share a link to a fake website to receive an account name and password.
The initial line of defense for purchasers and owners of digital properties is selecting reliable service providers to make an online money transfer from Denmark to Gambia. Seek out for the providers who have the following features that include end-to-end encryption and real-time fraud monitoring.
One of the best ways to protect your digital wallet is by using what is known as the two-factor authentication feature, 2FA for short. It involves the user providing a password and another essential identification factor like a code received in your cellular device. To activate 2FA on your digital wallet:
Monitoring your transaction history is essential to be able to notice any fraudulent activities as soon as possible. Almost every digital wallet lets you arrange for instant notifications once there has been any transaction that is not recognizable or is out of the ordinary.
Connecting your digital wallet via public Wi-Fi puts you at risk of cyber risks. Hackers take advantage if the organization uses public networks since they are relatively insecure, and they can easily tap into your communication lines.
Select a strong and durable password for your device and for your digital wallet account to send money online to Gambia from Denmark. Do not type in your birthdays or other easily recognizable numbers or words. Also if possible use strong encryption methods on your device to enhance security to the saved financial details.
Phishing scams aim to swindle your details, such as your login or credit card details. If one of the Gambians sending remittances receives an email or a message that looks like it comes from a known service, they get a request to ‘verify’ their account. Always verify the source of such requests, and don’t reply to any links or give out your password to anyone in such circumstances.
Almost all digital wallets you use will give you a recovery key or a backup phrase during the registration process. You should consider it essential when you attempt to remember your password or when you lose your device with the capability to access your wallet.
Cybercrime is a dynamic problem and software updates contain solutions to problems that hackers may want to exploit. It is easier to have the newest wallet app and your device to have the most recent software so that your wallet is secure. Turn on Automatic Update so as not to lose an important security patch.
As you are aware, cybersecurity threats are on the rise, meaning that digital wallet needs to be secured to send money to Gambia online from Denmark. Being a Gambian living in Denmark, you know how your digital wallet helps you survive and support your family through remittances. Don’t take chances—empower yourself with a digital wallet right now. First of all, change your security measures by enabling 2FA and checking that your device’s encryption is enabled. It’s your money, and taking these measures will help you protect it from being a victim of a cyber attack.
The common risks, therefore, are phishing scams, malware attacks, and unauthorized access to the account.
2FA makes security stronger by insisting on another way of authenticating your identity apart from entering the password.
If you notice any form of a threat, contact your digital wallet service provider and create a new one for your account.
Well, yes, it does mean that free Wi-Fi can cost you your wallet; you can only pay via a VPN or at least a private connection.
Enter your recovery key or backup phrase, and then get in touch with the provider of your wallet for help.
