We love freebies, don't we? Free Wi-Fi, in particular, seems like a gift, especially when we're out and need to check up on something like our bank account.
First of all – good for you, being diligent and responsible and on-top of it – BUT, before you check, do you know how you’re connecting? If you’re on free or public Wi-Fi, you will want to pause and think twice before logging in.
The Problem: Public Wi-Fi networks, available in downtown shops, schools, airports, and restaurants, are open networks, and using these networks for online banking can be like broadcasting your account details through a megaphone to cybercriminals.
Taking Action:
- Skip Public Wi-Fi for Banking: Opt for your mobile data connection or wait until you can use a secure, private Wi-Fi network for financial transactions.
- Invest in a VPN: A Virtual Private Network (VPN) encrypts your internet traffic, protecting your data from prying eyes, even on public Wi-Fi.
- Regularly Monitor Your Bank Statements: Stay vigilant. Regular checks can help you catch any unauthorized transactions early.
- Spread the Word: Educate your friends and family about the risks of using public Wi-Fi for banking. Knowledge is power, and in this case, it’s also protection.
In the digital world, being informed and cautious can prevent a majority of the cyber related financial issues we see.
‘Free’ can cost you more than you think!
