Cybersecurity and fraud prevention are top priorities for everyone at Revolut. It's why our app has advanced security features baked in at every stage. But apart from building clever tech, we also want to share some essential tips and tricks that will keep your personal data and your money secure. 😌
How does Revolut tech keep me safe? 🤔
Revolut uses a number of leading security features, that the legacy IT systems that traditional banks use, just can't compete with. The best part is, all our clever security measures can be controlled instantly, by you, directly from the app. So without further ado, we give you:
✅ Location Based Security
When it comes to protecting you against card fraud, our flagship feature is location based security. This works by using your phone's GPS and comparing that data with the location of the shop you use your Revolut card in. If the two don't match, the transaction won't go through. 😉
This means that if you lose your card, or even worse - your card gets stolen without you realising, this feature will instantly alert you of any suspicious transactions, before any money goes out of your account. It's security done right. 😎
✅ Contactless & Swipe Payments
Most people love the convenience of making contactless payments in Europe, as much as they love swipe payments in the US! But what happens when you’re on a night out clubbing and you drop your card on the floor? It will probably end up in a night of free drinks, for whoever picks up your card. Think about it - how would you know if someone else is using your card, tapping away all night, especially if your mobile data is turned off? 😶
Simply disable contactless and/or swipe payments and your card becomes a useless piece of plastic (or very soon, metal 😏) in the hands of a fraudster, who wants to treat his friends to some free pints.
✅ Online Transactions & ATM Withdrawals
If you want to go one step further, you can also disable online transactions, so that even if someone picks up your card and decides to go on an online shopping spree - no money will ever leave your account.
When it comes to ATMs, if you know you rarely take out cash, why not turn off ATM withdrawals altogether? This is more of a preventive measure than anything else, but it’s something worth considering for that extra bit of protection. 👌🏻
💡 Want to learn more about financial crime and how we help prevent it? 😉
Ok, but what can I do to stay safe online? 👨🏻💻
Having the power to instantly enable or disable all of these security features, will help you to prevent most types of card fraud. But the internet is riddled with shady people, who are very good at coming up with increasingly creative ways to steal your money.
To keep your details safe online, we’ve put together a list of essential boxes you need to tick before sharing your card details anywhere on the internet:
✅ 'Https' is safer than 'http'
Without geeking out too much, some of you may have noticed that most website URLs start with something like 'https://', including the one for our blog. The 's' stands for security and it shows you that the website is using a secure connection, which is much harder to hack than a regular one. (‘http://' without the 's').
This is especially important when you shop online, because your card details will pass through that internet connection, under the prying eyes of hackers and cybercriminals. So, whenever you shop online, always check the site’s address and make sure you’re browsing on a secure connection. 💳
✅ Look for the blue tick
In the age of social media, a new area of vulnerability involves fraudsters creating fake accounts, impersonating companies on popular platforms like Facebook or Twitter. These criminals can then pretend to offer you a prize and ask for your personal details in order to claim it.
Attacks like these are very common and extremely dangerous, because cybercriminals can come up with a million different ways to steal your details. Imagine what would happen if you contact what you believe to be 'Revolut support' on Twitter and give out your card details, only to realise you've landed on a fake Revolut account. 😲
To be safe, simply scroll through the page's post history to make sure it all looks legit, check the amount of followers they have and in our case, look for the blue tick mark to ensure you’re dealing a certified account and not some scammer on the other side of the world.
✅ Trust the developer
How many apps do you have on your phone? Probably too many, right? Some of these apps help you to buy things quickly and easily online, so they’ll ask for your card details. Sometimes convenience can come with risks, so it's important to always check that you're dealing with a trusted app or website.
Before you even download an app that might ask you to share personal details, make sure you check who the developer is. After all, you wouldn't want to download an Amazon App developed by someone other than Amazon, right? 🛍
It's also very possible for someone to make an exact copy of your mobile banking app and use it to steal your details. Which is why it's very important to check the developer (or seller) before downloading anything money-related from any app store.
Join Revolut for Free
Over 5M people have used Revolut to set up an account in minutes, spend and send money globally and hold and exchange 29 currencies with the interbank exchange rate.*