There is a common misunderstanding among young adults that more sophisticated technology is the best in organizing assets. A lot of people assume that the more facial recognition and password encryption tools become sophisticated, the more protected they are. Depending on the device used, modern technology can expose your data in a click or without.
Avoid the delusion that modern technology is the best thing to protect your assets with. At times, it can ruin you in a big way when not cautious..
Clicking your money away.
A lot of investors are being attracted by cryptocurrency investments since they allow them to take a chance to finance a startup. This has even been transferred in the stock market. So long as you are a cryptocurrency user, you do not even worry about the conversion rates since you find everything online in a few clicks. Crypto uses book chain technology that enables investors to send payments anonymously through the digital channels, without the need of a third party. The cryptocurrency market seems secure yes, but is prone to a lot of risks. Hackers have has a reputation of attacking digital wallets for years.
Using your face to make payments.
There are some Chinese applications that facilitate fund payment and transfers through the use of face++ technology. For this reason, there is no longer the need to remember your credentials. Someone’s face now acts as the authentication password. Facial recognition was invented a long time ago, but its use for financial purposes is new. Unfortunately, hackers have mastered the art of using webcam to spy on people. You might be exposed to identity theft especially with the absence of the C-Slide gadgets.
Spoofing your apple pay credentials.
If you use Android or iPhone, you probably have gotten a warning message from the developer. In the past, criminals needed someone’s phone to proceed to payments, but today, they can get your credentials through fake virus alerts and phishing emails.
A scammer can trick you to share your personal information so that they can remotely access the app and use a copied version to proceed with transactions. These hackers will swipe, and you will have to pay. A call is enough for them to get the details at times. You thus ought to be very skeptical , avoid sharing your details, and also protect yourself with a two-factor authentication. There is no smartphone company that can call you to know what your password is.