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Kaspersky Safe Money provides added security for such transactions – checking that the site you’re on is legitimate, that the connection to the site is secure, that there are no vulnerabilities that could undermine your transaction.”
It’s particularly important to secure sensitive online transactions such as banking and shopping. “Our digital devices are a vital part of our life,” David Emm warns, “so it’s essential to protect them. Now that so many of us use online shopping and banking services, it’s easier than ever for cyber criminals to secretly harvest the bank details of unsuspecting, unprotected victims. Making sure that you’re not being snooped on is especially important when you’re working with any financial information. This is such a prevalent issue, in fact, that Facebook founder Mark Zuckerberg covers the webcam on his laptop with tape – a tactic that many security experts have also adopted. It’s not just your web traffic that hackers can spy on either if you’ve got an unsecured webcam, it can be remotely accessed and used to watch everything you’re doing. These services encrypt all of your web traffic before sending it over the network, meaning that even if there are any hackers attempting to spy on your web traffic, they won’t be able to see anything you’re doing. This tactic can be thwarted by using a virtual private network, or VPN. It’s not difficult for hackers to spoof the identity of a public Wi-Fi hotspot, disguising their own network as a legitimate one and waiting for unsuspecting victims to connect to it, then secretly watching everything they do while connected. However, this can be a goldmine for cybercriminals.
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If you’re working from a remote location, or you’re on a mobile contract with a limited data allowance, it can be tempting to use free public Wi-Fi from a coffee shop or other location. It’s worth bearing in mind, however, that they don’t necessarily need to break into an account that holds any sensitive data. One of the chief ways that criminals gain access to your information is by breaking into one of your online accounts. Given that your data can be so valuable, it’s important to be mindful of how criminals gather it without your knowledge. The point being that we should all be thinking carefully whenever we hand over personal data, both in the physical and digital worlds.
This experiment made end users actually think about the value of their personal data, and what they were willing to hand over, knowing that it would be made publically viewable. The pop up venue accepted personal data as currency, meaning the only way to buy its range of t-shirts, mugs and prints, specially designed by well-known street artist Ben Eine, was to part with private WhatsApp conversations, photos or similar information. In fact, Facebook itself is an excellent example of how people’s personal information can be used as currency.Ī good illustration of this in action is the Data Dollar Store, a social experiment set up by cybersecurity firm Kaspersky Lab on London’s Old Street for two days in 2017. This set of new rules and regulations governs how companies are allowed to gather and use your personal information, and imposes steep penalties for misusing it, including fines of up to €20 million or 4% of global turnover.įurthermore, see the global furore over the fact that Facebook allowed Cambridge Analytica to harvest the details of at least 30 million people without their knowledge or consent. If you want proof of how important your personal data is in this day and age, look no further than the GDPR (General Data Protection Regulation). Stolen login credentials for seemingly unimportant accounts also provide a way for attackers to gain access to other accounts – for example, if you use the same password at work. These records are commonly bought by fraudsters, who use the info to set up bogus credit cards and purchase cars under false names, or to make phishing emails more believable.
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Once they’ve harvested enough people’s personal data, cybercriminals can sell databases full of these records on dark web marketplaces. But why do hackers want our personal information in the first place? The answer, unsurprisingly, is money.
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