Nowadays, most transactions can be performed over the internet. The best example here is online shopping, particularly in online marketplaces, which allows you to purchase a wide range of products on a single website. You can also pay your bills, transfer funds, and even apply for a cash loan online. What’s even better is that technology has made all of these transactions so much faster and more convenient.
However, there are times when this speed and convenience end up compromising your privacy and safety. To protect your data from unauthorized use and other security breaches, here are some tips to keep in mind:
Shop From Trusted Websites
The promises of immediacy and variety make online shopping truly appealing. You can, quite literally, shop anywhere from the comfort of your own home. The downside is that if you do shop anywhere without verifying the security of the website, your information may be picked up in a snap by cybercriminals.
For some peace of mind, it’s best to do your online shopping from trusted websites. It doesn’t matter if you’re buying groceries or cosmetics; make it a habit to check the URL and make sure that it starts with “https.” This indicates that the website uses an encryption system that secures all the data that comes through. Some browsers also add a padlock icon or something similar to the left of the https or at the end of the address bar.
Activate 2FA and NEVER Share your OTP
The acronym 2FA stands for two-factor authentication. In simple terms, this is a system in which you need to verify your account identity two times: first through your password and second through a separate authentication method. Usually, this is done via a one-time password or OTP, which is like a temporary key that will validate a transaction. Your OTP is usually issued via email or SMS; there are also third-party apps that generate OTPs to linked accounts.
Remember that no legitimate bank, shopping site, or any other institution will ask you for your OTP. This code is GIVEN to you, and you should be the only one to input it on a website or app. If anyone asks you via phone call, text, or email for your OTP, don’t reply. Instead, report the incident to proper authorities and then change the passwords on your accounts.
If Possible, Use a Credit Card
As much as possible, use a credit card for your online purchases and other digital transactions. This is so that, if anything goes wrong, the process of reversing chargers will be much simpler. Using a debit card may be more accessible and convenient, but it’s much more challenging to go after fraudsters. Usually, once your money’s transferred then it’s gone.
Of course, this doesn’t mean that you can’t use your debit card or e-wallet at all when making online transactions. As mentioned, there are various sites that implement security protocols; these are much safer than other platforms for debit card and e-wallet transactions. Another tip is to only use these payment methods with trusted sellers. Take a look at the reviews and feedback from customers, as these are good indicators of reputable shops.
Review All Your Transactions
In relation to the previous point, it’s a good habit to review your credit card transactions and bank statements regularly. Pay attention to every detail to determine if the charges are correct, even those from established names like payment portals or even your bank. With the right information, cybercriminals can use your card for transactions and make it appear that you’ve made them.
If there are any discrepancies, call your bank immediately. In case of false charges on your credit card, don’t pay your bill yet; file a dispute first and wait for it to be settled. It’s also a good idea to deactivate and destroy your compromised credit card.
Transact Over Secure Connections Only
As mentioned, one of the best things about online transactions is that you can make them anytime, anywhere. The only problem with this is that there are internet connections that aren’t as secure. This will leave your data vulnerable to hackers, who can use your personal information for fraud and other similar misdeeds.
Thus, don’t access any of your banking accounts or make any sort of payments using public Wi-FI or any unsecured connections. Wait until you’re home to enter sensitive information or, at the very least, use your own mobile data.
Log-Out of Your Online Banking and Shopping Accounts
Last but not least, make it a habit to log out of your accounts on all your devices. Hackers are now more creative than ever, and can find ways to access your details using cookies and other stored information in your browsers.
You should also avoid logging in to your accounts on other devices as much as possible. In addition, don’t let others log in using your account. If someone asks for help with a purchase, make it for them instead of giving them your credentials.
With care and vigilance, you can protect your data while enjoying all the benefits of online shopping and digital transactions.
