Online transactions gathered a huge momentum in the last few years. Every year e-commerce stats are growing exponentially. Every year more users are opting for online transactions to buy products as online stores provide a much wider range of products than a regular shop and also comes at a cheaper price. With so much growth in online transactions, it also comes with a threat of cybersecurity hacks.
Here are some tips to remember for online transaction users
Keep your device protected using a trusted security software
The first line of defense when browsing website is to make sure your computer is protected using security software. You should also make sure the security software is regularly updated with the latest updates.
Always use SSL protected sites
Before making any transactions, make sure the website is SSL protected. This can be identified if you find the website link starting with https instead of HTTP. Any webpage which asks for personal details, social security number or credit card details need to start with https.
Always do the transaction on popular and verified websites
If you want to buy a product online, get it from a reputed website. If you are visiting the website for the first time, check the website reputation online. A normal search with the website name is enough to give you information on whether to trust the website or not.
Protect your Password
Always use a strong and unpredictable password. Your password should carry a combination of uppercase and lowercase letters, numbers and special characters. This allows users to make more variations in a password and make it highly unpredictable for hackers.
Change Password Frequently
Make it a point to change the password every 3-6 months. If the transaction frequency is higher, change password more frequently for better security.
Avoid using password storing applications
Never allow your system or any software to remember passwords. First of all, users tend to forget password quickly if dependent on other programs to remember it for you. The password saving application may crash or stop working altogether, which may end up losing all saved passwords. Another possibility is hackers stealing information from the application using a bug or possible loophole inside the software.
For Smartphone online transactions
If you are in the habit of using Smartphones or Tablets for making online transactions, take these precautions.
Protect your Phone
Use a password, pattern or pin code to protect your phone. This is essential to prevent misuse if your phone reaches in wrong hands.
Only use verified Apps
App stores are full of Apps from different developers. You can find multiple Apps for every bank and online stores in App stores. Always use verified Apps of banks and online stores. After the use of Apps, clear the cache memory to make sure all traces of transactions are removed.
Opt for OTP before transactions
Always opt for OTP (One Time Password) before any transaction. This is much secure than using a static password. OTP prevent misuse of a password.
Report unusual behavior
Despite all the precautions, it is still possible some malicious App or program may get inside the system. If you find any suspicious behaviors such as App asking for DOB or social security number or App automatically log in without a password, then report it immediately to your bank and block all transactions.
Contact your bank or online service providers to confirm if the App is valid. If it is malicious, it helps security professionals to work on preventing such problems later.
Hope you find the article helpful. Share your ideas in the comment section.