Almost every week, news about acts of fraud appears in the media, where someone loses money from a bank account or electronic wallet. Grand union markets broker prevents such attempts daily. Social engineering, on one hand, =plays a significant role here, no matter the technical aspects of possible crime. No matter if you opened a link from Skype, or Facebook, or your friend’s account – it’s just first stage of scam, and soon after that you can lose your account and all the money on it.
Banks usually don’t lose your login data, like username or password, or transaction info. But plums of personal data, such as passport information, data on transactions and accounts, card numbers and others, are quite common.
Everything your hands can reach
Of course, people basically understand that the loss of personal data will mean not only a loss of privacy, but this also involuntary helps scammers who use social engineering. The more an attacker knows about you, the easier it is for him to create a false situation which you can find believable. Grand union markets review indicates that in this situation it is possible to rephrase the “Miranda rule” - “all information about you in the event of a leak can and will be used against you.” In fact, counteracting this can be achieved only by completely physically limiting the ability of scammers to access your data.
Let's take a closer look at the issue: your passport information is stored in banks, but this, in fact, does not pose a special financial danger, because for most serious operations in Grand union markets forex, which require the use of a passport, you will need to send its copies through the encrypted channel with no way to break it or steal it. Grand union markets scam analysts describe this case in detail. Any data transaction to website grandunionmarkets.com or from it is safe as a Swiss bank account.
But what if you need to enter your data on other website that states that it’s working with Grand Union Markets? First of all you need to check the original website for any quotes or mentions of this new site. And if there’s no such mention, you must share this information with the broker at once to prevent someone else from scam.
Not so long ago grandunionmarkets.com reviews mentioned an incident in which a car-sharing account was hacked; the fraudster rented an expensive car, and the owner of the account paid for it. True, banks may not yet own too much of our personal data, but, on the other hand, they are quite aware of user preferences: what people are interested in, what business they prefer, how much they get and how much they spend. For example, a bank knows your exact income level, since any payments to a bank card are recorded in the money history. In addition, financial institutions, such as Grand Union markets broker, have a history of your purchases and transfers, as these days people are used to paying with a bank card everywhere.
If, for example, someone calls you on a phone from an unknown number and the caller says to be an employee of a bank that you are not even registered with, this is one thing, but if an attacker not only correctly names your bank, but also has your personal information, for example, branch number of your account account and all the details of your recent operations, it looks all the different, right?. Grand union markets review note that criminals like to get your trust, telling the victim a lot of information that seems confidential, telling her name, passport details and even how much money is left on the account.
Recently, programs such as Team Viewer, designed for remote control,, have also become very widespread. You could have encountered them - programmers, for example, can use them to solve some problems that arose on a remote computer. Grand union markets forex advises you to use such software with caution.
An attacker, as noted by Grand union markets scam-analysts, using the principles of social engineering, can convince a person to install such an application on his smartphone and give him access. This situation is very dangerous for the victim, since the attacker will be able to do whatever he wants, and all actions will be recorded as if they were being performed by the owner of the device. Grand union markets broker review also noted that this problem will be extremely difficult to solve in court.
According to FinCERT last year, about 98% of illegal transactions using payment cards were committed by the principles of social engineering, and only two percent involved code. At the same time, the volume of illegal operations in 2018 amounted to about 0.0018 percent (in the previous year, this figure was two ten thousandths of a percent lower) of the total volume. The volume of illegal operations committed in shopping centers and using ATMs has also increased, as grandunionmarkets.com reviews report, the total amount was about 5.01 million dollars, which is one-third more than the same indicator for 2017. The volume of illegal operations without presenting a card actually almost doubled over the year, reaching a volume of 17.3 million dollars in 2018.
All this information, of course, is purely technical, according to experts of Grand union markets broker. Rather, it informs us that the percentage of the population covered by cashless and remote services is growing regularly. The situation with personal data is quite clear, the main danger is that those services are involved in social engineering schemes, however, there are other types of information. There are, for example, data on the funds movement. The confidentiality of personal life will be violated in case of the leak of such information . Commercial companies, according to the Grand union markets review, may suffer after commercial leak, once their private commercial data will appear at the competitor’s table.. Such a leak is extremely dangerous for state organizations, especially if the information has something to do with social payments.
Another type of information is customer data required for login (logins and passwords). Everything is quite obvious: if a fraudster takes possession of them, he will be able to make money transactions on behalf of the victim. And here comes the good news. Only you can withdraw the money from your account at Grand Union Markets. No other person can request withdrawal or provide some different account or card for withdrawal.
Type three - encryption keys. Grand union markets scam analysts warn that the loss of this type of information can bear the most severe consequences for the victims, since the bank’s infrastructure will be completely affected, and, accordingly, fraudsters will gain access to customer accounts. Moreover, such actions may not attract any attention for a long time. It’s most dangerous if you run your own business and have an access to our business account connected to the same encryption key.
But how is data leakage from banking institutions possible? Grand union markets broker review indicates that hitting customer databases or selling them to cybercriminals can come from different origins..The cause of the leak can be even the actions of insiders - those who have direct access to data. Working with insiders is a very dangerous and useful tool for attackers used to plan and execute attacks. Such data can often be found on sale in the "dark Internet", on hacker forums, or ordered in special telegram channels.
And sometimes the users themselves surf the web too eagerly, leaving scans and details of a passport or bank card. Most often, the “leak” is the data that people voluntarily disseminate about themselves on the network, such as phone numbers, e-mail, logins or names. It’s much worse when scammers get their hands on information such as your bank card number, scan of an ID, passport or insurance policy.
And yet, how can you protect your personal information? Recently, as noted by grandunionmarkets.com reviews, some people just try never sharing their info on a web. They use VPN, never fill in any details on websites, prefer not to make purchases online. That won’t actually help if someone store the documents on his own laptop but it sure can reduce the risk.
Let's try to look into the future and imagine how banks will protect our information in a few years. Now experts are more and more inclined towards the principles of a distributed registry and blockchain. Many of them say that the decentralization of the environment allow the use of smart contracts to provide exclusively necessary data and reliably log operations. Of course, such systems should be created ahead of schedule, since the platforms that exist now use classical cryptography to confirm operations, and they can fall easy prey for powerful computers of the future. And here the principles of quantum cryptography may turn out to be useful, while even the most powerful processor will not be able to break or steal you data.
To date, the speed of execution of money transfers has greatly decreased, and there is practically no human factor in the processing of operations. Many analysts believe that in the future, most of the operations to identify attackers, money laundering and bank risk checks will be performed by algorithms, or, possibly, artificial intelligence. The operation of Big Data class systems and the collection of large amounts of information are likely to become the main trends of future times. The accumulated information, together with machine learning, will be used to create security systems for personal information. Of course, the attackers are likely to engage in attempts to conduct false training of artificial intelligence involved in banking infrastructure, or to try to circumvent it.
Despite the fact that a person seems to remain outside of all this digital future, it is worth remembering that it is precisely on a person that all these systems are tied; the software simply helps the attackers in their task, and we tend to give our money away ourselves.
And for security of your trading, Grand Union Markets still remains the most careful keeper of your data and accesses for safe and successful trading.