

Turn on automatic updates to ensure you never miss a new release.
EWALLET VPN SOFTWARE
Developers are constantly finding and patching security holes, so the most up-to-date software is often the most secure.

EWALLET VPN UPDATE
Update software regularlyĪnother way to secure your digital wallet is to make sure you always download the latest software updates. Birthdays, anniversaries, house addresses, and the last digits of your phone number are all popular combinations and are crackable codes to a resourceful criminal.īetter yet, if your mobile wallet app allows you to protect your account with facial recognition or a fingerprint scan, set it up! If your digital wallet proves difficult or impossible to enter, a cybercriminal may leave it for an easier target, keeping your PII safe. It’s best if this combination of numbers is different than the passcode to your phone. Set a unique passcodeĪlways protect your digital wallet with a passcode! This is the best and easiest way to deter cybercriminals. Cybercriminals get smarter and bolder by the day, so it’s not unlikely that they’ll find and exploit a digital wallet shortcoming in the future.įollow these tips to help you use your digital wallet more confidently. 2 Luckily, the researchers’ experiment is unlikely to occur in the real world, but it’s a reminder to everyone to check their monthly bank statements for suspicious transactions. For example, the BBC reported that researchers found a potential shortcoming in Apple Pay’s Express Transit mode where cyber pickpockets could remotely access mobile wallets. Unlike a physical wallet, whose absence is noticed quickly, a digital wallet may be compromised by a cyber pickpocket without you knowing for a while. Just like you store your wallet in your front pocket when about town and check your seat before leaving a taxi or a plane, look after your smartphone just as closely. Not only do you have to cancel your cards, notify your various banks, and wait for replacements, but the niggling worry that a stranger has access to your personally identifiable information (PII) will likely keep you up at night. Now, imagine (or if you’ve been unlucky enough to lose your wallet in the past, think back to) the hassle that would ensue if someone stole your wallet or you misplaced it. Think about what you store in your physical wallet: credit cards, debit cards, driver’s license, library cards, gift cards, cash. Why You Should Secure Your Digital Wallet Here’s why you should secure your digital wallet and three tips to help you do so. A digital wallet is perfectly safe, as long as you guard your smartphone just as closely as you would your physical wallet. 1 While digital wallets and tap to pay is becoming more widespread, you may wonder: what exactly is a digital wallet? Are they safe?Ī digital wallet, also known as a mobile wallet, is a smartphone app that stores your payment information and enables tap to pay at most point-of-sale terminals. Nearly 40% of Canadians used their mobile wallets more often in 2020 because of the perceived safety of contactless payment, according to one report. The convenience of tapping your phone at the cash register instead of fumbling for loose change in your physical wallet is undeniable.
