As the holiday season draws near, it's important to be extra cautious about phishing scams. These scams, designed to steal personal and financial information, often intensify during this busy period.
Understanding phishing scams
Phishing scams typically involve fraudsters impersonating trusted entities through emails, texts, or phone calls. Their goal is to trick you into revealing sensitive data like passwords, banking details, or credit card numbers.
Effective strategies to stay safe
Be skeptical
Always question unsolicited requests for personal information. Genuine organisations, like ThinkMarkets, will not ask for sensitive data via email or phone.
Verify sources
Before responding to any communication, verify its authenticity. Contact the organisation directly using official channels. For ThinkMarkets, we have an OTP system to help our traders verify whether they’re talking to a legitimate company representative or not.
How to use one-time password verification (OTP):
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When speaking to ThinkMarkets, request the OTP to be sent over the phone.
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Wait for the OTP to be sent to you via SMS.
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Login to your ThinkPortal account.
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Go to Profile > Security > One Time Password verification.
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Enter the verification code to confirm authenticity.
Take precautionary measures
Use the following tips to enhance your online safety:
Enable Two-Factor Authentication (2FA) - Adding an extra layer of security can significantly reduce the risk of unauthorised access to your accounts.
Regular password changes - Change your passwords regularly and use strong, unique combinations for different accounts.
Be wary of links and attachments - Vigilance is key to online safety. Avoid clicking on links or downloading attachments from unknown or suspicious sources.
Educate yourself and others - Stay informed about the latest phishing techniques and share this knowledge with friends and family. Warn everyone not to share personal and confidential information with others.
During the holiday season, staying informed and taking proactive steps can make a big difference in your online safety. By adopting these practices, you can enjoy the festive period without the worry of falling prey to phishing scams.
ThinkMarkets employs the latest data encryption technology available to guarantee your account’s safety. Trade securely with an award-winning broker today!
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