Financial Details That Should Not Be Disclosed Ever

Financial Details That Should Not Be Disclosed Ever

Today we live in an age where there are bots placing trades and bots giving financial advice. Security issues are of prime concern when it comes to making online financial transactions. If you read any Ethereum Code review you would be able to understand how convenient it is to use these bots for trading. Cryptocurrencies have become so popular because of the security they offer. Before we even talk about the security of the trading platforms and the digital currency system, there are some basic security tips for the conventional payment systems we use on a day to day basis. Take the case of the credit and debit cards for example – there are numerous financial details attached to the bank accounts and these cards that should never be disclosed. Sometimes there are phishing calls and emails trying to lure customers into furnishing these details and it can turn out to be a severe issue. Here are such details that should never be disclosed to a third party –

  1. PIN numbers

For the authentication of the transaction using a physical card, there might be a PIN number attached. This is something that should never be revealed. Some cards do not require an added layer of authentication and these are the risky ones to hold.

  1. Transaction passwords

Online transaction credentials should be carefully set. Set complex transaction passwords that are difficult to crack. This makes sure that the no-card transactions or even those transactions that can be done with the already saved cards cannot be authenticated without the actual transaction password.

  1. Security questions

Security questions can be used to reset the passwords. So make sure that you pick them wisely. Getting the date of birth details is very easy. There are other types of security questions that are hard to guess. Choose them to be extra sure that no one else can reset your passwords.

  1. OTP

The OTP for authenticating an online transaction allows the particular device to be trusted for future transactions. This is, therefore, a detail that should never be disclosed.

  1. Card information

Card details including the number, validity date, and other information should not be shared online. Also, avoid sharing the card information on too many websites. If there is a mobile wallet you can trust you can use that instead and save all the card details in that wallet for making the transactions quicker and more secure.