How to protect yourself from phishing attacks and prevent money and identity theft - tips from a financial expert.

How to protect yourself from phishing attacks and prevent money and identity theft - tips from a financial expert.

According to a report from www.inside-digital.de,

Phishing is one of the most common forms of cybercrime and is underestimated by most people. According to the digital association Bitkom, around 90 percent of Germans do their banking online, and services such as Amazon, PayPal and eBay are still often used for digital purchases and money transfers. This makes them easy targets for cybercriminals.

Phishing emails often look like official communications from well-known companies and lure users into disclosing their personal information. Depending on what data is stolen, cybercriminals may aim for illegal money transfers, account debits, identity theft, or even the theft of private content. Fake shops and fraudulent offers also appear in connection with phishing emails.

To protect yourself from phishing attacks, it is advisable to always pay attention to the sender of emails, check the authenticity of websites and generally be skeptical. Two-factor authentication should also provide additional protection. If you still fall for a phishing email, we recommend changing your password immediately, checking your bank account and, if necessary, contacting the bank or service provider.

The impact of phishing attacks on the market and consumers can be significant, as stolen data and loss of funds can damage companies' reputations. In addition, the misuse of personal data can lead to further security breaches and crimes. Therefore, it is crucial that consumers take the necessary precautions to protect themselves from phishing attacks.