Scared of online transactions after the recent cases of online fraud? Worried about a payment app storing your financial data and sharing it with third-parties? There are certain risks to online transactions, but if you take precautions, you can avoid these threats easily. Here are 7 tips for safe online transactions.
Install latest security software
The internet is full of malware, spam, and spyware. These software programs can damage your computer. It is necessary to keep your operating system up to date with the latest security software. Install these only from a trusted source.
Secure your passwords
Use passwords that are hard to guess. Longer passwords including upper and lower case letters, numbers and, symbols are more secure.
Try using different passwords for different accounts. Using the same password is risky and more prone to online data breaches.
Use secure WiFi connection
Do not make a payment over public WiFi terminals. They may not be entirely secure and are more likely to have weak data protection systems.
Avoid updating passwords using public internet connections. Always use a trusted WiFi connection or your own mobile data. Using original banking apps also minimize your risk of fraud. Make sure the app you are using is the bank’s or the payment company’s official application or website.
Stay away from emails that ask for confidential information. Phishing emails are more common than you can imagine. None of the payment companies or banks as your for your confidential payments data. Here are some pointers on how to avoid malicious mail:
- Do not open emails from a suspicious source.
- Don’t trust clickbait subject lines.
- Don’t follow flashy URLs or buttons.
- Create spam filters in your inbox.
- Do not open any emails asking for identification information.
Buy from reputed merchants
Always buy from reputed merchants or marketplaces. Transactions on trusted e-commerce platforms ensure your payments are safe and your data isn’t compromised on.
As far as possible use only one credit card or better, a debit card for online purposes to limit exposure to fraud and thefts on your cards.
Use secure e-commerce websites
Make online transactions on websites that begin with “https”. Do not trust websites that begin with “http”, this means that the website isn’t using proper encryption. Avoid pop-ups that appear during your banking session. Log out immediately and do not provide any confidential information via email.
Online shopping tips
Always log out of your bank, credit/debit card, and merchant sites after completing your online transaction. Do not save financial passwords on your computer.
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