Skip to main content
HomeThe WWS Daily

- News, tips, inspiration you can trust to thrive in today’s digital age.

Search form

Main menu

  • Home
  • News & Features
  • Business & Economy
  • Tech & Trends
  • Health & Style
  • Arts & Culture
  • Contact Us

Fundamental Tips to Avoid Money Transfer Fraud

George Mathews August 10, 2024
man-laptop-surprised-money-transfer-fraud

While online money transfer saves a lot of time and effort, one of the biggest threats is having your money stolen during a transaction.

Scammers love online money transfers because there isn't a way to stop the transaction, refund, or trace the money.

However, you can limit such activities by using these six tips:

 

1. Update your operating system regularly

 

Over time, software developers come up with updates that have advanced security features to help stop some of the advanced skills of scammers.

The new software versions also come with a firewall, making it harder for scammers to get to your system. Therefore, using an old operating system could make you vulnerable to money transfer fraud.

You also need to keep updating your antivirus to help scan for any virus attacks before they manifest and crush your computer or before the scammers use the virus to get your financial details.

 

2. Use secure internet connection

 

Scammers can get your transactional and account details through the internet connection you are using.

If you are in a public place, do not use their public Wi-Fi, and if you must, use VPN to help encrypt your data.

Always use a mobile provider's Wi-Fi or one that is protected using a strong password.

 

3. Have a strong password

 

One of the easiest ways you can fall victim to online money transfer fraud is if the scammer guesses your password. Use a strong password that has numbers, upper and lower case characters, plus special characters.

Do not use obvious passwords, like your name, birthday, name of a loved one or pet, and birthdays.

You should also memorize your password instead of writing it in a place that someone else can access.

If you are using a send money app, do not opt to save your login details for automatic logins.

 

3. Be careful with account details

 

Just like your password, do not write down your account details on a place someone could access them, even your computer or mobile phone. That is because scammers could hack into the computer, and with all your details, they will take all your money.

You should also secure your checkbooks and never leave signed cheques in the checkbook. Also, avoid giving out signed cheques that do not have any details on them.

 

4. Do not click malicious links or pop-ups

 

Scammers could install a virus on your computer or phone by using emails or malicious links. Once you click on them, they automatically install the virus, and the scammers could access your account details.

They could also use popups in the send money app you are using or the banking website asking you for your username and password. However, do not enter it because once you are already logged in, you do not have to enter those details again.

 

5. Watch out for spam calls

 

Some scammers call people pretending to be bank employers or officials, claiming that there could be an issue with your account. They then ask for your account details to try and fix the problem.

To avoid that, ensure you have a caller ID app on your phone. You could also write down the numbers that the bank will use to call you.

If you accidentally send money to a scammer, call your bank as fast as possible, file a complaint, and ask if they can reverse the money.

 

Related stories

 

Best Ways to Prevent Accounts Payable Fraud

Should You File a Consumer Fraud Complaint?

Money Laundering Red Flags to Watch Out for in Your Business

Safeguard Your Online Accounts Against Hacking

Common Types of Phishing Attacks and How to Prevent Them

The Benefits of Integrating Blockchain Tech to Secure Your Digital Data & Transactions

Keep Your Online Transactions Secure

 

 

SUBSCRIBE TO OUR NEWSLETTER  newsletter icon.png

Get our best content, news, tips, and inspiration in your inbox - free.

No spam. Just great stories. Promise!
 

 

Join Over 20,000 Subscribers!

Get our best content, tips, and inspiration free in your inbox. Subscribe ››

Connect with us:  twitter.gif linkedin-gray.jpg email.gif RSS feed

 

 

 

 

 

Most read this week


man-working-messy-office
A Perfect Mess: Why Disorganized People Are More Creative and Productive
David K. William

Image for Best Entertainment Apps for Android and iOS
5 Best Entertainment Apps for Android and iOS This Year
George Mathews

The Most Unique & In demand Packaging Boxes for Businesses
How Spotify Pays Ads & Subscription Money to Artists
Gaurav Kanabar

Top Tips to Install Security Cameras in Your Premises
Top Tips to Install Security Cameras in Your Premises
Garrett Thomas

 

Got a story or tip for us?

 

Tips_0_0_0.png

Here's how to submit it →

 

 

 

 

EXPLORE MORE ...

black-nav-bar1.png

News & Features  ›


yahoo-hack-building-mega-hack-breach

Yahoo Sued Over Mega Hack That Left at Least Half a Billion Accounts Breached

Why More People Are Choosing Platter Food Delivery for Parties

laptop-screen-developer-chatgpt

A Fifth of Developers Using ChatGPT at Work Regularly, Study Reveals


The Most Annoying Video Call Habits at Work - Are You Guilty?

The Digital Playground: Creating Safe and Engaging Online Spaces for Kids

Understanding Fathers’ Rights in the Child Custody Process

hor-line-blue

Tech & Trends  ›


How People Are Benefiting from Tablets

Why Technology Is So Important Today

Ethics of Quality Assurance Tech Companies Need to Follow

How Cloud Print Solutions Enhance the Hybrid Working Model

How Cloud Print Solutions Enhance the Hybrid Working Model


Understanding the Limitations of Antivirus Software

5 Web Accessibility Issues to Avoid

Ethics of Quality Assurance Tech Companies Need to Follow
 

hor_line_yellow

Arts & Culture  ›


Why Technology Is So Important Today

5 Awesome Birthday Gift Ideas for Writers

woman-writing-longhand-handwriting-analysis-what-your-handwriting-says-about-you

What Your Handwriting Says About You

woman-glasses-become-published-author

6 Steps to Become a Published Author & Share Your Writing with the World


How Reading More Inspires Better Writing

10 Fun Hobbies & Activities for Couples to Enjoy Together

5 Ways to Make Writing a Lot More Fun

hor-line-brown

Business & Economy  ›


8 Essential Types of Software Every Business Needs

What Is the Average Settlement for a Minor Car Accident?

What Is the Average Settlement for a Minor Car Accident?

woman-working-night-stress-mental-health

Business Owner's Guide to Addressing Workplace Stress and Burnout


How Salesforce Anywhere Can Transform Remote Work With Real-Time Collaboration

Maximizing Device Compatibility with Restreaming and Packaging: Benefits for OTT Operators

Smooth Operator: 5 Daily Habits that Dramatically Reduce Repair Frequency

hor-line-green

Health & Style  ›


7 Questions to Ask Your Dentist to Make the Most of Your Dental Visit

When Should You Hire a Personal Injury Attorney?

How to Make Hand Sanitizer at Home: Two Simple Recipes

hori-3.jpg

Blissful Ways to Pamper Yourself at Low Cost

hori-3.jpg

7 Must-Haves for Hiking, Fishing, and Other Outdoor Activities

hori-3.jpg

The Different Types of Wine Explained in a Nutshell
 

Home | About Us | Contributors | Submissions | Advertise | Disclosure | Privacy Policy | Contact Us

Follow Us:

twitter_e.jpg linkedin-pg.jpg email-updates_icon.jpg

Committed to quality content and journalistic ethics.

RSS rss

Search WWS search-icon-trans_0_1.png

© 2025 The WWS Daily.