7 measures to enhance security for e-wallets you should not ignore

Mobile payment technology has evolved over the years, boosting trade with a dizzying speed. Retailers and consumers are adopting more and more electronic payments, so the revolution of e-wallets has also begun. Over the days of using cash or checks to pay, there is no need to wait at the bank or ATM because there are now electronic wallets. But is e-wallet safe?

Before answering the above question, let's look back at the history of these wallets. The e-wallet has recently 'migrated' to this list of payment methods and is considered the future of real-world payment technology. They are much faster and more convenient than traditional payment methods. The electronic wallet revolution started with NFC, but now some companies are working on using other technologies such as Wifi, Bluetooth, and even QR codes to replace NFC technology.

Although e-wallets are highly encrypted when storing consumer data, e-wallet security is still a barrier for the public to receive it. From payment companies to social networks, gaming communities, Internet search engines and telecom operators may be processing and sharing your financial account information and identity, so anti-fraud, privacy protection, account is more important than ever. Here are 7 important security measures to increase safety for e-wallets.

1. Set the password for the device .

The first electronic wallet security measure that users should apply is to set a password on phones, tablets and other devices. To ensure the safety of the device, users should also apply additional security measures.

2. Use a secure network connection

Always connect to a trusted network, avoid using public Wi-Fi networks. Safe Wifi connections often require a password and use the "WPA or WPA2" protocol. Unsafe Wi-Fi networks are often open to multiple users and may be labeled with "WEP" connections.

1. Wireless security: Say NO to WEP and YES to WPA

3. Install applications from trusted sources

A free game may not be just a game, it is designed to illegally collect users' personal data. When downloading an application, see user reviews for consideration before downloading to the phone.

4. Keep it safe from safe people

Never share sensitive data or information with people you don't trust such as providing an email address, phone number, or other important personal information. Financial service providers and support staff will never ask for personal information such as passwords or payment account numbers.

5. B virtual secret does not log in

Avoid recording information used to access e-wallets in conspicuous places or storing in a file that is not password protected or encrypted. If no one can view and use your information illegally.

1. How to be able to encrypt and protect files or folders?

6. Create a unique password for the e-wallet

Avoid using the same password for email or social networking accounts like Facebook, Twitter, etc. for e-wallets. Using the same password for all accounts increases the risk of unauthorized access. Instead, users should use a single password that is easy to remember, but still difficult to guess for electronic wallets.

7. Identify the contact when a problem occurs

Make sure you know the fastest way to resolve any issues that arise and who is responsible for solving fraudulent accounts. For example, as in the case of your phone being lost or stolen, the individual cards in the electronic wallet will be lost and the account is hacked.

These e-wallet security measures are simple and can save you money and data loss. For organizations, companies that use this e-wallet should ensure safety when end users enter confidential information to buy products.

See also: Use e-wallet effectively