The risks and threats of misuse of credit card details are nowadays lurking everywhere on the internet with many fraudsters waiting to take advantage of your ignorant actions during the online transactions. Credit card is the most convenient source of ecommerce transactions saving time of the consumers, hence is very popular among the people. The most widespread risk in online transaction is stealing of one’s credit card details. Besides that, there are several other security risks which one can encounter and hence one needs to know all the right safety tips to tackle with them in a right way
Assuring security of financial information
Online shopping online has become a favorite activity for a lot of people across the world. This has helped many new e-commerce websites to grow and flourish. While one can buy from clothes to food, from TV, laptops, mobiles etc to even the smallest of household items online, the payments for all these transactions have been majorly facilitated by credit cards.
A lot of these websites are rather new, hence from a user’s perspective the most important thing to do is check the security provisions in the site. Most websites ask for credit card information like Card number, Expiry details (month/year), CVV (Card Verification Value), PIN (Personal Identification Number) or OTP (One-Time Password) to be fed to complete the transaction. In unsecured sites, these details have a chance of getting hacked easily with the help of cookies or other technologies. If the PIN or such financial details fall in the hands of invaders, they can easily duplicate the credit card and use it without your permission thus threatening the security of your credit card. Hence, the following measures and safety tips can help prevent such precarious situations:
- Checking the authenticity of the sites
Making sure the website is encrypted is the first step when conducting any ecommerce transaction. Most encrypted sites are easy to distinguish with the help of signs like “https” in the url address of the site as also with the help of padlock sign which appears in the right corner of the site. Keeping the personal and financial information confidential and free from any leakage is the basic underlying motive behind conducting such checks. Also, the authenticity certification of the site must be checked to prevent your passage into spam sites.
- Installing a good Antivirus software
Installing a good antivirus software which is updated from time to time can prevent the cookies from intruding and stealing important credit card information when surfing various websites. Updating the antivirus software regularly can also keep the computer protected from viruses and Trojans.
- Updating the softwares
The web browsers are softwares which are subject to the most risk of phishing due to their regular use. Hence, without any delay, these softwares must be given a safety edge by updating them regularly to the latest versions.
- Using complicated and different passwords
The people using credit cards need to be doubly sure on the approach of carrying forward the online transactions. Using easy and common passwords which can be easily hacked is a bad idea. The sensitive transactions, especially those connected with net banking, can demand the use of complicated passwords which need to be changed time and again to prevent the virtual access to the account by any third party.
- Minimizing use of credit cards where not necessary
While credit cards can be a big convenience for many online transactions, but if you are dealing with some e –commerce website which you are not so sure about then going for cash on delivery is a wise option. This safeguards your credit card and also does not put your money at risk without the delivery of the product.
- Don’t sit in a cyber cafe for financial transactions
The public computers available in cyber cafe are most prone to attacks of phishing and malwares. Hence, it is dangerous to even think of carrying out any online credit card transactions on such interfaces. It is best to depend on the safer personal computers, mobile phones and tablets which are assured of complete protection with antivirus. Also, the same is the case with the application of free Wi-Fi available in public zones. It is recommended to depend on only personal Wi-Fi networks protected with passwords.
- Do not reply to phishing emails
Banks do not ask for credit card details over emails or over the phone. Hence, it must definitely raise suspicion in case anyone gets any emails in the name of the banks demanding such confidential data. It is best to ignore and delete such mails, in fact put such mails in the spam account. There are also lucrative credit card schemes, lotteries and such alluring things forwarded in the emails which can make the innocent persons reveal sensitive data. Beware of such emails.
- Secured reputed sites have lower risk
Keep the above points in your mind, and shop safely online.
Thanks for reading.