Stay safe with us

Published by abexchange on

It turns out that 53% of all data breaches are due to individual negligence, rather than malware or phishing scams.
In order to maintain the safety of our clients’ accounts and funds, we have a range of processes and protocols in place to fight against fraud:
Online transfer fraud
When transferring money online, it’s important to be aware of push payments fraud. This involves hackers intercepting money transfers online, or intercepting emails and posing as a beneficiary to whom you pay money to.

Hackers pose as your bank or trusted beneficiary stating they have a new account that you need to pay into.

How we can help you? With additional security layers: 4-eyes

When you have an account with us, you can set up 4-eyes verification.
This process means involving a second person with e-signature into the process.

This is perfect for companies who have teams of people processing transactions, and while it primarily prevents hackers from gaining access to your information and trades, it also helps reduce human error.

What you can do?

If you receive new payment details by email, it’s important to call up your beneficiaries or bank to confirm the new payment details are accurate before you transfer anything to them.
Strong passwords:

It will take a hacker 10 minutes to crack an 8-character, lower-case lettered password and 47,000 years to crack a 15-character password with upper/lowercase letters, numbers and symbols.

Using a simple password with no extra security layers is risky—using preventative means, such as encrypted passwords and two-factor authentication [2FA] are the sure-fire way of protecting your data.

How we can help you?  Secure password set up

With us you have the option to activate 2FA when logging onto our online trading platform.

This involves either setting up a phone number to confirm your login via SMS, or via an authentication app (such as Google Authenticator).

By adding your personal details, you can make sure that only you can log into your account.

This also means you will always be aware if anyone tries to log in as you, as you will receive a notification every time a login is requested.

What you can do?

Make sure you use different, strong passwords for each site you have an account with. In order to keep track of all different passwords, consider a password manager tool to save and protect your passwords.

Stay safe with us!