The Art of Mastering News
How Poor Technology Can Destroy You With Your Funds.
There is a common misunderstanding among young adults that more sophisticated technology is the best in organizing assets. These people have a belief that the more the complex facial recognition and authentication tools are, the more protected they get to be. In reality, modern technology can offer a significant access in a click or without, depending on the device used.
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.
Many investors end up being attracted by cryptocurrency since it gives them a chance to finance a startup. This has spread up to the stock market too. Since everything is online in a few clicks, you do not have to worry about conversion rates as long as you are a cryptocurrency user. The book chain technology used on cryptocurrencies allows investors to anonymously send payments without a third party. As much as the cryptocurrency market looks secure, avoiding scam risks is a hard thing. Hackers are known for attacking digital wallets year by year.
Using your face to make payments.
There are some Chinese applications that facilitate fund payment and transfers through the use of face++ technology. This means that the need to recall your credentials no longer exists. Your face serves as your authentication and password. Facial recognition was invented a long time ago, but its use for financial purposes is new. The unfortunate thing is that hackers have mastered how to use your webcam to spy on you. With the absence of the C-Slide gadgets which are a webcam cover company, you can easily get exposed to identity theft.
Spoofing your apple pay credentials.
In case you are doing an Android or iPhone payment application, you probably have received a warning from your application developer. Criminals in the past needed someone’s phone to initialize a transaction but today, they can get your credentials by sending phishing emails and fake virus alerts.
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. As the hackers swipe using fake details that depicts you, you will have to pay. At times the scammers will make you a call and access the details. 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.
Advanced reading: published here