In recent times, the prevalence of smartphone malware scams, phishing messages, and online payment fraud has surged, affecting both the region and Brunei Darussalam.
Even though, financial institutions are stepping up their efforts to bolster banking systems and prevent data breaches, they are not the only ones that bear the responsibility. Consumers also play a vital role in protecting personal data and securing their devices.
When financial institutions and consumers unite, they form a strong defence against the risk of information theft and financial loss, ensuring a safer online experience for everyone.
The Brunei Darussalam Central Bank (BDCB) shares practical tips to help you become a responsible financial consumer online by securing your devices and staying vigilant against risks like cyberattacks, online fraud, scams, and personal information theft.
By understanding these risks and taking proactive measures, you can better protect yourself in the digital age.
Secure your devices
Securing your devices is crucial for protecting your personal and financial data. Unintentional downloads of malicious software from unknown sources can lead to stolen banking information or unauthorised access to accounts.
To enhance device security, it’s essential to regularly update your operating systems, applications, and firmware. These updates often contain critical security patches that protect against newly discovered threats.
When installing applications, always use official stores like the Apple App Store or Google Play Store to minimise the risk of downloading harmful software.
Additionally, periodically review and remove unnecessary or unused applications from your devices to reduce potential vulnerabilities. It’s also a good practice to verify all applications on your phone, ensuring no unknown or suspicious apps are present.
To further protect your devices, disable features like wireless, Bluetooth, and Near Field Communication (NFC) when they’re not in use.
Be cautious about clicking on unknown or unverified Internet links, as scammers often use attractive click-bait titles and images to lure users into downloading malware.
Furthermore, avoid jailbreaking or rooting your smartphone, as this can weaken its security defences. Similarly, refrain from plugging your device into unknown USB ports or devices, which can be a vector for malware transmission. Finally, always pay attention to any suspicious activity or warnings on your smart device, and never ignore alerts that could indicate a security threat.
Always be aware
When discussing your information in public spaces or browsing the Internet and making online purchases, it is crucial to be aware of potential risks and take steps to protect yourself. By staying vigilant and proactive, you can significantly reduce your risk of falling victim to cyberattacks.
Always discuss financial matters in private settings to minimise the chance of eavesdropping. Exercise caution when making payments at shops or using ATMs, especially in secluded locations.
Be mindful of your surroundings when entering account details to guard against prying eyes. Ensure the web address or URL for banks and online shopping sites begins with ‘https’ or displays a closed lock icon, indicating a secure connection and always double-check the details of the websites you visit, as hackers often use visually similar characters to deceive people.
Lastly, refrain from conducting online transactions on open or unsecured public Wi-Fi networks, including fake wireless hotspots. By following these guidelines, you can better protect your personal and financial information.
Staying vigilant and proactive in your online activities is key to maintaining security and peace of mind.
By adopting these straightforward practices, you can equip yourself with the essential tools to safeguard your financial information and transactions. – BRUNEI DARUSSALAM CENTRAL BANK
