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News
09.10.2020
Online Safety 101

The banking and investment industry, like many others, has changed considerably during the 21st century. Executing transactions and managing funds in a completely online environment is now not only accepted, but generally preferred by users. The convenience of online banking is however accompanied by a fair share of new risks, and using these systems without taking proper care can result in your account and personal information being compromised. Read the tips below in order to make sure that this does not happen to you.

1. CHANGE PASSWORDS FREQUENTLY

One of the main security tips given to internet users is to regurarly change passwords, prefferably every three months. According to multiple researchers, around 80% of all cyber security attacks involve a weak or stolen password. Changing your password regularly reduces your risk of exposure and avoids a number of other dangers.

2. AVOID USING PUBLIC WI-FI

Public Wi-Fi networks often tend to not provide a secure connections. That is why it is recommended to stick to as few and as trusted public Wi-Fi networks as possible. The more networks you connect to, the higher the chances that you'll use one that isn't treating your data as carefully as it should be, or worse - using it with mal-intent.

3. USE TWO-FACTOR AUTHENTIFICATION

At Bitero, we offer you the option to enable 2 factor authentification. This is an extra safety precaution that will have the user log in using a one time password they receive via text message every time they log in. Some might view this as an inconvenience, however it is a good way of adding an extra step of verification for your login.

4. BE WARY OF PHISHING

A phishing scam is when someone solicits your personal information by disguising oneself as someone you trust. Bitero, and almost all other legitimate companies for that matter, will never ask you for your personal information or offer to conduct any financial transaction outside of our official website, especially without previous reason to do so. If someone is reaching out to you claiming to be a representative of Bitero, contact us immediately (help@bitero.io) before disclosing any sort of information to them.

5. SECURE YOUR DEVICE

Modern phones and computers alike all have certain built in safety measures. Use them - pin codes, facial recognitions, fingerprint logins, etc. This helps secure your digital assets in a situation where your device gets lost or stolen.

BE SURE, STAY SMART

Bitero is a state of the art platform for financial transactions and investments in terms of safety as much as all other aspects that we pride ourselves on. This is why cyberattackers usually target individual user access privileges - they are the lower hanging fruit. By following the recommendations outlined in this article you will dramatically decrease the odds of you being the victim of a cyberattack. Be sure of your data security, stay safe, and enjoy your profits!

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