Definitely. Using anonymous proxy servers from unknown and not reputable providers to hide your Internet protocol address while using phones, tablets and computers may actually present a more serious threat that can eventually contribute to the digital information leak and all risks associated with it. Since the digital data from those wireless and wired devices has to pass through a third party proxy server, any information you transmit through that server can be intercepted and indexed, including any messages you may have sent including but not limited to your account login and password information that you may utilize for any online services.
In attempt to search a better privacy on Internet, many individuals utilize methods like the proxy servers, not realizing that the danger of privacy breach is actually greater while using the proxy services that claim to be secure. Furthermore, in order to trace and check on people’s illegal activity, some government agencies setup free open proxy servers to monitor activity of those people who are most likely to have something to hide. The risks are most often related to those proxy services that offer completely free services and are unknown of origin.
Never access any of your digitally stored financial account information, including online credit card banking systems, initiate transfer of funds, pay your bills or mortgages online or register any online banking accounts that contain a secure information while using a free proxy server using your phone, tablet, laptop or a desktop computer. As a matter of fact, most of the electronic identity theft cases targeted at financial sectors and being investigated worldwide are the direct result of digital information theft via utilization of so called free proxy servers that offer free online user accounts