Smartphone: One wrong click could wipe out your savings

Despite the various initiatives undertaken by the relevant authorities, experts predict that financial fraud will persist as long as users lack technological knowledge and let their guard down. — AZHAR MAHFOF/The Star

KUALA LUMPUR: Thanks to smartphones, we have the entire world at our fingertips, 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 cybercrime frauds. The issue has undoubtedly triggered concerns among the public, especially on the cybersecurity risk level of the nation’s financial institutions.