Tips and Strategies to Protect Yourself from Cybercrime

Tips and Strategies to Protect Yourself from Cybercrime

In today's digital landscape, where technology seamlessly integrates into every aspect of our daily lives, the threat of cybercrime looms even larger than ever. Cybercriminals are constantly devising new and sophisticated ways to exploit unsuspecting individuals, and one of the most prevalent forms of cybercrime involves scams targeting bank customers.

At De Wet De Villiers Brokers, we specialise in personal cyber risk liability, and it's our mission to keep you informed and protected against these evolving threats.

The Stolen Phone Scam: A Growing Threat

One particularly alarming trend on the rise is the scam involving stolen phones. Imagine this scenario: You're out and about. Suddenly your phone is snatched from your grasp, or discreetly pickpocketed. Within moments, your personal information, including your banking credentials stored on your device, falls into the hands of fraudulent criminals.

Tips for Safe Banking

To keep your finances safe and sound, here are a few friendly reminders:

• Stay Sharp: Always keep an eye on your mobile device and never share personal information with strangers.
• Act Fast: If your phone goes missing, unlink it from your digital profiles as soon as possible. Immediately let your bank and mobile network provider know.
• Strengthen Security: Use robust passwords, keep your antivirus software up to date, and steer clear of storing banking information on your device.
• Remain Sceptical: Don't fall for unsolicited requests for One-Time Pins (OTPs) or login credentials, and always double-check before clicking on any links.

Beware of Vishing Scams

Another sly trick cybercriminals use is vishing. Vishing, short for voice phishing, is a scam through the use of a phone. By pretending to be a trusted source, cyber criminals try to trick you into transferring money. Here's what you need to know:

• Stay Wary: Never transfer money based on unexpected messages or calls claiming any bank or account related issues – always verify with your bank first.
• Guard Your Information: Don't volunteer personal or financial details over the phone, especially if you weren't expecting the call.
• Take Action: If you suspect a vishing attempt, get in touch with your bank's customer service or fraud line right away.

Combat Phishing Attempts

Phishing scams are like digital fishing expeditions, and you don't want to get caught on the line. Here's how to avoid getting caught:

• Stay Alert: Watch out for emails or messages asking for personal or financial information and avoid clicking on unknown and suspect links or attachments.
• Check Twice: Legitimate banks or institutions won't ask for sensitive information via email or messages – if in doubt, give them a call.
• Report Suspicions: If you think you've received a phishing email or message, forward it to your bank's fraud team, and hit the delete button.

Protect Your Business Accounts

Businesses aren't immune to cyber shakedowns! Keep your guard up with these tips:

• Verify Everything: Double-check the legitimacy of any emails or websites asking for sensitive information.
• Spot the Red Flags: Watch out for urgent demands or threats – they're classic signs of a phishing attempt.
• Spread the Word: Educate your team about the risks of phishing and set up clear protocols for dealing with suspicious messages.

Cybercrime poses a significant threat to individuals and businesses alike, but by staying informed and implementing robust security measures, you can minimise the risk of falling victim.

At De Wet De Villiers Brokers, we're dedicated to helping you navigate the complexities of cybersecurity and protect what matters most. Stay vigilant, stay secure, and ensure you stay protected for any eventually.