14 Tips for Safe Online Transactions

Are your online transactions safe in this digital era? This is an important question for e-commerce, banking and finance sector consumers. Even this is a big challenge for many tech savvy persons too. With the growing digitization, figures of online transactions are multiplying day by day, parallelly online threats too.

According to The Experian 2018 Global Fraud and Identity Report “Nearly two-thirds (66 percent) of consumers surveyed appreciate security protocols when transacting online because it makes them feel protected. In some ways, consumers tolerate the nuisance of common barriers to accessing their accounts (e.g., forgetting their password or having to re-enter other security controls like CAPTCHA or PIN code) concluding that higher friction means better security.”

Purchasing online, making bill payment, money transfer, ticket booking, hotel booking etc are a few examples of online transactions done every day or so. Every online transaction has some associated risk. Today we’ll give you some tips to protect your online transaction.

Make sure you are using strong password: – Never use easy to guess passwords, always use strong and complex password. Don’t use your personal information, such as birthday, phone number, pet name etc as password. Use a combination of uppercase, lowercase special character and number as password.

Don’t use same password for every online account – Never use same password for every online account. Make sure you change your password as often as possible.

Use secure connection: – Make sure you are visiting the website with which start with https:// not http://. The sites starts with https:// are secure.

Always log out of your account: – After completing your online work, always logout of your account. It can give you extra layer of security. Do this always if you are using cyber cafes, college or some common places.

Always buy from reputable websites: – Never buy from unknown website, the website may be operated by fraudster. Make sure you know about the website, before dealing with the website.

Use good anti-virus: – Install a good anti-virus on your computer to protect yourself from unwanted cyber attacks. Don’t use free anti-virus, instead buy a premium antivirus, it will give you extra layer of protection.

Don’t fall on trap of a phishing scam: – You may get phishing email in your inbox every day. They may claim to give you free offers. But don’t fall on the trap and never give your personal details over mail to anyone.

Always make sure your System’s software is up-to-date:– It is a good habit to update your PC software often. Use update version of Browsers to visit web.

Never give your login details to anyone: – Never share your login credentials with anyone. Sharing your login details give anyone power to access your account and it can be detrimental to you. So make sure no one, except you know your login details.

Don’t use public computer: – Never use public computer to access internet. If there is no options except using public computer make sure you are not using your personal details, login detail on that computer. Fraudsters can install key logger on that computer and steal your personal information and login information, later they can use that information for cybercrime etc.

Don’t use public computer: – Never use public computer to access internet. If there is no options except using public computer make sure you are not using your personal details, login detail on that computer. Fraudsters can install key logger on that computer and steal your personal information and login information, later they can use that information for cybercrime etc.

Don’t share your personal information on social networks – Never share your personal information such as birth day, phone number, your spouse name, you children name, your pets name etc on social networks such as Facebook, Twitter etc. Anyone can see this information or they may steal this information and you may become a victim of identity theft.

Use Multi Factor Authentication for your Online accounts – If you have the option to use multi factor authentication then use it. It will help you by giving you extra security to your account.

Never save your card number on e-commerce website – E-commerce website can give an option to save your credit card / debit card details for fast and easy transaction in near future, but don’t save your credit card / debit card on any website.