Summary
- Wallet apps that hold money, credit cards, ID and more are increasingly popular but there are security precautions that need to be taken including:
- Using biometrics such as fingerprints or facial recognition to unlock the apps, in addition to passwords or PINs
- Regularly monitor account activity, preferably once a week, and set up custom transaction alerts
- Be vigilant about phishing attacks, taking time to check URLs and using QR codes carefully
- Setting transaction limits, which also help to manage finances, which will reduce the damage to bank accounts if digital wallets are compromised
- Not allowing saving of payment information on sites or apps, because this poses a security risk, even with bigger retailers
By Yadullah Abidi
Original Article