Tuesday 2 August 2016

Online money transfer: 3 tips to ensure a secured way to send money

In today’s day and age, you can now transfer funds with a click of a button. You can even make these transfers from one continent to another. This is beneficial for those who make regular transfers or even large amounts on a regular basis.

However, when you are making an online money transfer, one of the most important factors to consider is the security of the transfer. You would not want your money transfers to be deposited in an unintended account or even unable to trace it when transferred. Additionally, you would not want it to be accessed by any third party source.

To avoid such a situation, you can follow these few security tips to ensure that you get a secure way to send funds whenever you want.

Tip 1: Use a secure system

When transferring funds online, you will need a system to do so. You can opt for your own computer, laptop or even your phone. However, you must take steps to ensure that your system is secured and no outsiders can access at any time. Ensure that you install secured software on your system to prevent any viruses or malware from getting installed on your system. Additionally, if you need to make any important transfers, avoid using any public system such as cyber café computers for this purpose.

Tip 2: Avoid unreliable third party websites:

When you make an online money transfer, you will need to log onto a software or website to make the transfer. However, plenty of hackers and unauthorized users tend to upload websites that pass off as legitimate official ones. When you use these websites, your account data can be stores or even your transfer can be altered. These unsecured websites use the techniques of spamming and phishing to collect your data and information from your account. This data can be either made public or even used to compromise your account.

Tip 3: avoid public internet networks:

When logging onto the website, you will need a steady internet connect to do so. However, when making any financial transactions, it is best to use a secured network connection. In this case, you should avoid using public net connections. Although public Wifi’s are convenient, they also do not possess the required security features to ensure a secure finance. Therefore, when you are making a transaction, anybody can access the information. By using the right combination of software’s and skills, a hacker can easily access your information.

Transferring your finances online will save you a lot of effort, resources and time. However, it is important to keep the security features in mind when making any important financial transfers.

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