Cybercrime, also known as cyber-attacks, is a serious issue that has plagued computing since the mid-eighties. As it grows vastly in the world of tech, more and more hackers are finding new ways to exploit the internet users’ personal information for their own gain. Working up the rate of cybercrime at an all-time high and costing companies and individuals billions of dollars annually.
One of the most infamous cybercrimes is definitely phishing scams. It involves hackers posing as legitimate companies or trusted entities and sending malicious emails to recipients. The recipients are then tricked to download attachments or click on the website links in order to provide them with sensitive data such as personally identifiable information, banking, and credit card details, and passwords.
In the 2019 Cost of a Data Breach Report from IBM and the Ponemon Institute, researchers indicate that 49% of data breaches were the result of human error and system glitches. The human error portion includes “inadvertent insiders” who fall prey to phishing attacks.
Therefore, to effectively prevent yourself from being an easy target, be vigilant when you receive emails or links from unreliable or suspicious sources. Do not click on any link or download any attachment unless you have verified the authenticity of the email or link. TriumphFX will only reach you via our official email address, if something seems suspicious, please verify the source and authenticity from www.tfxi.com right away.
Add in, identity theft scam is also one of the top-rated scams among cybercrime. After tricking recipients into disclosing their personal and financial data through emails or text messages, these cybercriminals often use the data they have gained illegally to run up charges on the victim’s existing credit cards, apply for new loans or benefits in the victim’s name. Such crime usually causes immediate and severe financial loss.
Identity theft has always been a major and serious issue even before the conception of the internet. Unfortunately, with technological evolution comes malware evolution. The virtual world has made it much easier for criminals to utilize and steal your identity online.
One of the easiest and least expensive things to do to protect your identity is to closely monitor your account and update your password using at least 14+ characters from time to time. Keep your laptop and anti-virus software up to date and never ever share your banking OTP or TAC with others, under any circumstances.
Phone scams come in many forms, but they tend to make similar promises and threats or ask you to pay certain ways. Just like phishing, cybercriminals might pose as law enforcement or legitimate authority such as TriumphFX and request traders to make monetary transactions or provide personal information such as trading account passwords or details.
If you ever receive calls like this, do not respond and report it to our support team right away. Please bear in mind that TriumphFX will never request your trading account passwords or details through phone calls. TriumphFX will never request you to make any unclear transactions. All transactions should only be made via our secured deposit methods on the official portal.
To sum it up, cybercrimes can get tricky as it is becoming more creative every day. In the Official Annual Cybercrime Report, it is estimated that cybercrime will cost $6 trillion yearly in damage by 2021, raising doubly from $3 trillion in 2015. So get yourself educated and prepared for this potential risk that can bring disaster to you.
To protect against potential cybercrimes, take the following steps: