Stay summer-safe! Be one step ahead of phishing and online fraud

  • Industry News

3 min read

Stay summer-safe! Be one step ahead of phishing and online fraud

Summer is here, and with it comes the allure of online shopping – a delightful way to indulge in retail therapy from the comfort of your own home however, as you embrace the digital marketplace, it is essential to safeguard yourself against potential cyber threats, including phishing scams and identity theft. Fear not, as we bring you expert tips to ensure a secure and enjoyable summer shopping experience!

The Perils of Phishing: Spotting the Red Flags

Phishing attempts are on the rise, and cybercriminals are getting more sophisticated by the day. Be on guard for suspicious emails, messages, or links that deceive you into sharing sensitive information. Here is how to spot the red flags and protect yourself:

Authentic URLs: Pay close attention to the website's URL. Legitimate businesses have official branded URLs while phishing sites often use random numbers and characters in the address bar.

Contact Information: Check for genuine contact details like a customer service email or phone number. Be cautious of mobile numbers and private emails, as they might indicate a scam.

SMS Messages: Avoid responding to SMS messages offering special deals, especially if they originate from mobile numbers rather than official channels. Reputable companies rarely use SMS for promotions.

Order from Reputable Sites: Only purchase items directly from reputable commercial websites. Avoid responding to pop-up advertisements claiming fantastic deals from non-franchised stores.

Two-Factor Authentication: Whenever possible, opt for services with two-factor authentication for added security, like Monevium's mobile app.

Monevium's Innovative Solution: Empowering Your Safety

Monevium is, primarily a financial technology (FinTech) innovation company as opposed to a mainstream financial institution, and therefore is committed to ensuring your online safety. Monevium's mobile-first ethos ensures that security is paramount. Using the user-friendly mobile application with 'virtual card' functionality, you can bid farewell to physical cards' vulnerabilities.

With Monevium's app, only the cardholder can access and utilise the 'virtual card.' This robust security measure relies on two-factor authentication through your mobile device, removing the risk of unauthorised transactions made via the ability for anyone to simply pick the physical card out of a physical wallet and use it. By prioritising the virtual card, physical cards are not necessary for daily use and can be securely stored out of view or reach.

Immediate Action Against Fraud: Take Back Control

Despite being vigilant, cyber threats can sometimes slip through. That is where Monevium's app goes above and beyond. If you ever suspect fraudulent activity, you have the power to take immediate action:

Cancel and Reorder: In case of a compromised card, swiftly cancel it and order a new one right from the app – no long waiting times or bureaucratic procedures.

Halt Transactions: Whether it is a virtual or physical card, you can stop transactions instantly through the app, mitigating the risk of unauthorised purchases.

The Mobile App Advantage: Streamlining Safety and Convenience

Monevium's app not only ensures your financial security but also streamlines your shopping experience. Gone are the days of cluttered wallets and physical cards as the electronic revolution is truly here, with Monevium's app conveniently replacing your physical card with a virtual counterpart accessible through your mobile device.

This summer, embark on your shopping adventures with peace of mind. With Monevium's innovative mobile app, you can shop confidently, knowing your funds are protected from ever-evolving cyber threats.

So, whether you are shopping for beachwear, trendy outfits, or the latest gadgets, make Monevium's secure mobile app your trusted companion. A summer filled with seamless, secure, and stress-free shopping awaits.

Monevium is the Trading Name of Advanced Wallet Solutions Limited, a company registered in the UK under company number 10251711 and is authorised by the UK’s Financial Conduct Authority under Firm Reference Number 766038.

Open Monevium Account in Minutes

The future of money management is only a few clicks away. Apply here to have complete control over your money.