Russian Cybersecurity firm Kaspersky has warned all those who have a used to the habit of storing digital currency in their e-wallets, and this includes those dealing with cryptocurrency like Bitcoins and Monero as well.
The Eugene Kaspersky led firm has warned the mobile wallet industry that their USD $1.9 billion transactions that take place on an annual note are on the verge of being hacked at any point of time.
Although, the security firm highlighted in its report that the economy of Africa was vulnerable to hackers, it also issued an alert to the e-wallet serving companies and users on a specific note that their business can be hit by a cyber attack at any moment.
Those spreading malware and indulging in hacking techniques are becoming sophisticated so much that they can intercept a wallet in a network and seize all the money without the knowledge of the user.
If African economy is considered, while cash transactions still prevail, the usage of mobile money and e-wallets have increased in the past few months. As digital transactions are proving as a user friendly alternative for processing micro payments, threat actors are aiming to target the industry to the core.
So, researchers from Kaspersky are advising people to avoid clicking on malicious emails, attachments, and highlighted texts in mobile phone messages. Also, mobile users must be vigilant in avoiding messages and email subject-lines that are filled with grammatical mistakes, speak of urgency and danger, and microscopically differ from the official ones. Never reveal personal information that is beyond necessary for a transaction such as address details and bank account information along with contact numbers.