Cashless transactions are on the rise, may it be internet banking or e-wallets. But one thing that is of utmost importance is safety quotient when it comes to online transaction. It is very important to be cautious while making transactions. We always have to keep in mind some significant steps to minimise the chances of fraudulent transactions.
- Do not have same passwords- We generally use same passwords for different accounts in order to remember them. In the process we do not realise that if supposedly a hacker decodes the password to one of our accounts then automatically he will be able to access the rest of them. So, have unique passwords and keep them away from the virtual world.
- Install and update security software- We generally tend to ignore software updates or upgrading it to the latest one. Any glitch in our software being used actively can lead to possibility of a hacking attempt or expose us to malware, spam and spyware. So, keep all your software’s up to date.
- Use encryption signs are life savers- Did you just login to some fancy clothing website?
But, all the euphoria you were undergoing for all this time while picking up that pretty dress just went down the drain. Why? Here you were about to enter your credit card number but all of a sudden dilemma hit you. You started to contemplate whether this is a genuine website or just another fraudulent website.
So, now these Encryption signs shall help us to do away with the dilemma. The basic signs of encryption include a small green sign of a padlock and a protocol or an URL address starting with https ( s here stands for security). Look for these signs and have a safe transaction.
- Avoid using public computers- Doing financial transactions over a public Wi-Fi connection or on any public device is highly unsafe and not recommended. Even if the device we are using is our best friend’s mobile. Doing any sensitive transactions from a device which is not a personal device means we are compromising on our security.
- Stay away from phishing emails and websites seeking confidential information-
Did you just receive 2 free tickets to the upcoming cricket match? Oh, it’s a good day. The mail says, pay for one ticket and get 2 tickets free. But before you click on the link to pay, check the site or payment gateway. Make sure you only pay through a trusted payment gateway. Also, these links may sometimes lead you to a third party website. In that case check the website’s digital certificate and encryption signs to make sure that the website you are on is genuine and not another fraudulent imposter.
So whether you are using mobile wallets such as Paytm and Freecharge or bank’s apps such as SBI Buddy or Chillr, make sure that you follow these tips to have safe transaction.
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