Over the past few weeks, the terror of Wanna Cry Ransom ware has spread like wildfire amongst us.
The news of how a random ransom ware worm has got the entire internet-using globe on it’s toes is completely shocking.
Not only has it affected economic superpowers like the United States of America but also countries like India and China.
Attacks on hundreds of computer systems spanning across 150 countries has set the globe on alert.
All 150 countries are taking the help of computer wizards to unlock released data and are still unsure about how to find a way around these random attacks.
As informed, Wanna Cry Ransom ware can affect only Windows OS users (barring Windows 10 users).
Linux / Ubuntu users are the ones heaving a sigh of relief at the moment.
As our readers, we want you to be informed about the dangers associated with such possibly malicious attacks on your financial data.
Through the course of this article, we would help you explore the ways to keep your financial data safe from any such malicious online attack.
Let’s now look at the various ways to do just that.
Using An Individual Internet Banking Gateway
With the emergence of Paytm, Airtel Banking, Citrus Gateway, etc, Internet Banking has become more complex.
To keep an eye on your online transactions, the best thing to do is to use a secure gateway provided by your bank.
And how do you spot a secure page?
These pages always have an “https” at the beginning and NOT an “http”
Using these secure banking gateways also ensure that in case of any transaction failure, you can immediately contact your bank to solve a glitch at their end.
If you use a third party payment gateway, you would not only have to take their help but follow it up with the bank thereafter.
At a time when your personal files within a computer system is at risk, you can minimise the effect of a dangerous attack like that of Wanna Cry by keeping your financial transactions safe.
Refrain from Using Same Passwords
Limit Access To Your Internet Banking
Given the present dangers associated with cyber attacks, the smart thing to do would be to limit the number of times you access your internet banking facilities.
This way not only would you keep a check on the number of times you are open to being hacked but also keep a check on your expenditure.
Of course, for issues like bill payments and urgent purchases online, make sure you use your net banking facilities and log out as soon as possible.
Two-Factor Authentication – Your Best Friend
Be it Facebook, Google or Banking Apps, two factor authentication sign in is our best friend at the moment.
Make sure all financial apps you use provides you this facility.
This ensures that if someone tries to log in to your account from a new device, they would require an email verification or One Time Password (powered through your mobile number) before accessing the account.
This makes sure the user’s identity is confirmed before they are allowed to use the account.
Read Only Apps Are A Must
Starting with WhatsApp, all softwares are currently turning to “read only” mode.
This ensures that no financial transfers are made from the apps, thus stopping a hacker from accessing your funds.
Make sure you use a read-only app while choosing a money management app.
Don’t Use Public WiFi For Any Transactions
Public WiFi networks are an easy way for hackers to get access to your information.
Make sure you don’t use the public internet networks to access your bank accounts, make a transfer or check anything on a financial account.
Always Update Your OS Patches
One of the most recurrent piece of information doing the rounds is how those who have fallen prey to Wanna Cry Ransom ware had not updated their operating systems in a long time.
For those of us who aren’t familiar with the word “Patches” – these are software updates which help to correct susceptibility to a possible security failure.
Make sure your patches are updated frequently so that all your data whether personal or financial is well secured.
There is an option in Windows and iOS which enables these patches to be updated automatically.
Beware of phishing attempts
Given the status of panic over the past couple of weeks, the Wanna Cry attacks have quietly died down over the last few days.
Nevertheless, such instances often teach us where we lack in internet security – and alert us about the same.
Irrespective of a malicious virus attack on our data, we must make sure that these factors are employed into our internet usage to secure our data through the year.
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