In today's digital age, where technology plays a significant role in our lives, the risk of falling victim to scams and cyberattacks has become more prevalent than ever.
Scammers are becoming increasingly sophisticated in their methods, often preying on individuals' lack of awareness and understanding of potential threats. One of the methods they employ is password cracking, which allows them unauthorised access to your sensitive information. This article aims to raise awareness about scams and password cracking techniques, as well as provide essential tips to help you stay secure online.
Scams come in various forms, from phishing emails and fake websites to fraudulent phone calls. Scammers use emotional manipulation, urgency, and promises of incredible opportunities to convince individuals to reveal personal information, send money, or click on malicious links. It's crucial to be cautious and sceptical of unsolicited communications or offers that seem too good to be true.
Password Cracking Explained:
Password cracking is a technique used by cybercriminals to gain unauthorised access to your accounts and sensitive information. Hackers use various methods to crack passwords, including:
Using automated software to try different password combinations.
Using a list of common words and phrases to guess passwords. If your password is a common word or can be found in a dictionary, it's more vulnerable to this type of attack.
Scammers might trick you into revealing your password through fake emails or websites that appear legitimate. They often create fake login pages to capture your credentials.
Using a list of passwords that have previously been exposed through another hack. This is why you shouldn’t use the same password for everything.
Tips to Protect Yourself:
Use Strong Passwords:
Create unique, complex passwords for each of your accounts. Include a mix of upper and lower case letters, numbers and special characters, and avoid using easily guessable information like birthdays or names. It is recommended that you use a reputable password manager to securely store your passwords.
Enable Two-Factor Authentication (2FA):
This adds an extra layer of security by requiring a second form of verification, such as a code sent to your phone, in addition to your password. At MOVE Bank we refer to this as a One Time Password (OTP). Learn more about how we use them here movebank.com.au/otp.
Beware of Phishing Attempts:
Be cautious of emails, texts, or calls asking for personal information or login credentials. Verify the sender's identity before clicking on any links or providing any information.
Keep Software Updated:
Regularly update your operating system, antivirus software, and applications. Updates often include security patches that protect against known vulnerabilities.
Stay informed about common scams and cyber threats. The more you know, the better prepared you'll be to recognise and avoid potential risks.
Monitor Your Accounts:
Regularly review your financial statements and account activities for any unauthorised transactions.
Secure Wi-Fi Networks:
Use strong passwords for your Wi-Fi networks to prevent unauthorised access to your home network.
Be Wary of Fake or Irreputable Websites:
Scammers often create fake look-a-like websites with limited time offers and tempting deals to trick you into providing your financial details. You should always check that a website is secure and verified before providing any personal or financial information. A secure and verified website will have "https://" in the URL and a padlock symbol in the address bar.
Limit Personal Information Sharing:
Be cautious about sharing personal information on social media platforms. Scammers can use this information to craft convincing attacks.
Report Suspicious Activity:
If you encounter a potential scam or cyberattack, report it to the relevant authorities.
By staying informed and adopting these security practices, you can significantly reduce your risk of falling victim to scams and password cracking attempts. Your online safety is in your hands – make it a priority to protect your personal information and financial wellbeing. If you think you have been the victim of a scam, you should contact us as soon as possible on 1300 362 216.
This blog post is for general information purposes only and is not intended as financial or professional advice. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product or other professional advice. You should seek your own independent financial, legal and taxation advice before making any decision about any action in relation to the material in this article.