From groceries to gas, more people are tapping their phones instead of swiping cards to pay. But what happens if that phone goes missing or falls into the wrong hands? Consumer Reports tells you how to protect your money when using a digital wallet.

Digital wallets are fast, convenient, and increasingly common. But not everyone is on board. And while opinions differ, there’s no question digital wallets are catching on. A 2024 Consumer Reports nationally representative survey found that about 75% of Americans have used digital wallets; of those, about 4 in 10 use one every week.

But that convenience may come with risks—if someone gets into your digital wallet, they can access your money in seconds. That’s why it’s so important to add every layer of protection you can.

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