Binomo was launched in 2014 and is one of the leading FTT platforms in the world. The service offers a demo account for risk-free practice with trading on over 70 assets and ready-to-follow strategies.
Imagine the Internet is like a dangerous mountain river and your online activity is rushing through it. Just like you wear a helmet and life jacket before going down into the river, you should ensure the security of your online financial transactions.
In a UN report from 2021, it is stated that 71% of the more than 3,000 successful cyberattacks per day are financial scams. Over a trillion dollars, or up to $10.5 trillion, might be lost due to cyberattacks by 2025, up from just $3,000 in 2015. Hacking common users has grown easier thanks to social engineering. Later, we’ll go into more detail about this.
The most interesting fact is that it takes only one hour and 12 minutes for a hacker to access your data after a phishing attack. This information may be worrying, but the Binomo team wants to help you and remind you that you are able to protect your money and data. To do this follow these simple steps.
1. Choose reliable financial companies
You should not entrust your money to companies that do not have international licenses and accreditations. Those companies are not monitored or held accountable, so you risk losing your money if something goes wrong.
239 crypto exchanges that emerged during the wave of cryptocurrency popularity since the beginning of 2020 have closed down. Most of them operate without licenses or permits. Due to this, many people lost millions of dollars in a few minutes.
How can you check it?
Information about reliable companies should be easily available. For example, Binomo is a member of the Financial Commission (Category A) and certified by Verified My Trade, which evaluates the quality of trades from different brokers. You can get this information on our platform. If you can’t find such information on a company’s website, be careful, it could be a sign of fraud.
Other indirect reasons to trust a company
Publications in media, awards, brand activity on social media, etc. Talking about awards… Binomo received two international awards this year – “Best Trading Platform, Global 2023” and “Most Trusted Platform, Global 2023” from the World Business Outlook Awards and International Business Magazine.
2. Beware of Internet Scammers
What is social engineering? This is basically a trick where scammers try to hack you instead of cracking your password. how do they do it? There are two ways of this:
1. Personal communication
When you check your email in the morning, you leave a digital footprint. When you register for a discount scheme, you again leave a footprint. When you make a purchase from an online store, you again leave a digital footprint! Even a hacker with minimal skills can collect a lot of information using your name and phone number. They use that information to start a conversation with you gain your trust and ultimately steal your money.
To protect yourself from such fraudsters, you should be cautious and not share any personal information with strangers. For example, if someone unexpectedly contacts you on behalf of Binomo, you can be sure that he is a scammer. Our managers will contact you only if you leave a request yourself. Additionally, all our emails are sent from Binomo.com. Not Blnomo or Binumo, but Binomo.com. See below for more details on this.
2. A homoglyph attack
Homoglyphs are letters that look the same or similar to each other. You may sometimes see a familiar name on a post but with a slight error. For example Microsoft instead of Microsoft, or Google instead of Google. These types of errors often hide phishing sites that try to steal your personal information when you click on them.
Take care to avoid this
*Don’t click on links from strangers.
*Check resource names carefully.
*Trust your intuition and the signals from the operating system that alert you to potential threats.
In 25% of all homoglyphs made by scammers, the letter “I” is replaced with “l”, in another 12% the “l” is replaced with “i”, and the “g” is replaced with “q”. It is replaced by, which comes in third place with 7%.
What to do if you get scammed by phishing sites?
If a hacker has gained access to your data, it is possible that he has obtained your logins and passwords. But don’t worry. If you have two-factor authentication (2FA) set up, the criminal won’t be able to log into your personal accounts without the special code. So be sure to check your Binomo account in the near future to make sure your account is 2FA protected.
3. Keep your finances safe online
If you often use online payments, your card is linked to hundreds of different services and sites, but how secure is it? Unfortunately, hackers can attack any of these services and it will be difficult for you to replace them. So it is important to choose reliable services.
More than a thousand cyber attacks have been recorded on UN-affiliated organizations during 2020-2023. Binomo is PCI DSS compliant. Simply put, it means that we do not know your card information. Even if attackers hack Binomo and gain access to any data, they will never be able to get your card or account information.
Ensure your peace of mind in everyday life by choosing only reliable services. It’s like having some invisible ammunition that doesn’t limit you but provides reliable protection. Make your life safer with tips from the Binomo team.
Binomo was launched in 2014 and is one of the leading FTT platforms in the world. The service offers a demo account for risk-free practice with trading on over 70 assets and ready-to-follow strategies. Binomo is a Category A member of the Financial Commission, operating in over 130 countries and helping approximately one million active traders in the financial markets every day. Tournaments are the hallmark of this platform and more than 300 events are held on Binomo every year. Visit the Binomo website for more information.