Tag Archive for: wipe

One wrong click could wipe out your savings


KUALA LUMPUR: Thanks to smartphones, we have the entire world at our feet, but one wrong click could be enough to put your data and life savings at risk.

Of late, some individuals have reportedly suffered losses from cyber-crime frauds. The issue has undoubtedly triggered concerns among the public, especially on the cyber security risk level of the nation’s financial institutions.

Without a doubt, the spate of cyber crime cases has caused some members of the public to lose faith in banks as the custodian of public money as they felt that their deposits are no longer safe in the bank. Of concern are reports that banks are not taking responsibility for the crimes which are committed before “their very eyes.”

In light of these developments, Bank Negara Malaysia (BNM) has recently instructed financial institutions to implement five measures to further strengthen safeguards against financial scams.

Among others, banks are required to migrate from SMS One Time Passwords (OTP) to more secure forms of authentication; tighten fraud detection rules and triggers for blocking suspected scam transactions; and customers will be restricted to one mobile or secure device for the authentication of online banking transactions.

Meanwhile, the banking industry has also launched the National Scam Awareness Campaign to help members of the public remember three simple steps, also known as the 3-second rule, that is, ‘Stop, Think, Block (‘Awas, Fikir, Blok’).

Data intrusion

However, albeit the various initiatives undertaken by the relevant authorities, experts said the financial fraud will continue to rear its ugly head as long as users lack the technological knowledge and are letting their guard down.

A senior lecturer at the School of Economics, Finance and Banking, Universiti Utara Malaysia Dr Juhaida Abu Bakar told Bernama, ‘phishing’ is commonly used by cyber criminals to ‘fish’ for users’ data from their smartphone.

She said through phishing, bank customers are trapped by the various links via e-mails, SMS and also mobile apps that are sent by irresponsible parties including scammers or hackers to their smartphone.

She said phone users are also exposed to mobile spyware, a…

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Why researchers want you to wipe your old phone; dehumidifier recalls: CBC’s Marketplace Cheat Sheet


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Selling or recycling an old smartphone? Do a factory reset first

If you’re trying to get rid of your old electronics, it’s important that you make sure to fully wipe all of your personal data from the device.

But as computer security researchers from the University of Guelph recently discovered, many people who are selling or recycling electronics aren’t doing this properly. 

The team contacted 131 people who had advertised their device online for sale and found that although a majority had used a factory reset to clear their personal information from the device, more than one-third had not properly cleared their devices. And many had not deleted the data at all. Read more 

People who have old electronic devices they plan to sell or recycle should make sure they clear all their personal data properly by doing a factory reset, a University of Guelph researcher says. (David Donnelly/CBC)

How the COVID-19 crisis shaped our shopping habits

Nearly a year and a half into the pandemic, there’s a clearer picture of how the COVID-19 crisis has shaped our shopping habits — and how we respond when public health restrictions are eased.

Metro Inc.’s third-quarter earnings, reported Wednesday, largely mirrored results posted earlier this summer by competitors Empire Co. Ltd. and Loblaw Companies Ltd.

At the onset of the pandemic, all three saw sales soar as shoppers stockpiled everything prompting shortages of items such as flour and toilet paper. Many Canadians also opted for conventional full-service grocery stores rather than discount supermarkets and bought more items per visit as part of a one-stop-shop effort to reduce their grocery trips.

But the opposite trend is now emerging as the vaccine rollout continues. Read more

Louise Smyth, 97, who has travelled all over the world, was finally able to travel to the grocery store after receiving her second COVID-19 vaccine shot. ‘My family provided all my food supplies during the pandemic,’ she said. (AHS )

Ottawa promises vaccine passport for international…

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