Easy and Effective Tips to Ensure Secure Online Transactions

Did you know October is World Cyber Security Month? Partaking in the awareness movement, here are some tips to ensure secure online transactions.

With the growing rise in the digital wave, it becomes increasingly important for you as an individual or a business, to ensure a safe and secure mode of making online transactions. Reports suggest thousands of cyber-related crimes are recorded every day. This only shows how prone we are to cyber attacks and the dire need to become aware of how to safeguard oneself from such attacks.

7 easy ways to ensure secure online transactions:

  • Install and update the latest security software for your systems:

As per a study conducted by Microsoft, “24% PCs worldwide are vulnerable to virus attacks.”

Each day you browse through a host of websites. But, did you know many sites come with a host malware, spam, virus and sometimes, even, spyware? These malware softwares can often damage your computer, delete and collect sensitive information from your systems without your knowledge.

Safeguard yourself in the following ways:

  1. Update your operating system with the latest security software.
  2. Install these softwares only from a trusted source.
  3. Use an ad-blocking software and a spyware detection program to prevent online fraud.
  4. Run virus scans regularly and keep these programs updated.
  • Secure your passwords

As per a study conducted by Entrepreneur, “3 out of 4 consumers use the same passwords for all accounts.”

Often times, we get lazy and reuse the same password on multiple channels. This only makes it easy for hackers to use the same password across multiple channels to gain access to your data.

Here are some ways you can protect yourself using secure passwords:

  1. Use passwords that are hard to guess.
  2. Use longer passwords including upper and lower case letters, numbers and, symbols are more secure.
  3. Try using different passwords for different accounts.
  • Email security

Your inbox is always flooded with a million emails. A common thing you’d notice is “You’ve won “X” sum of money” or you’ve been shortlisted for a free vacation. Nothing in the world comes free, hence make sure you don’t fall for such click baits. Ensure you stay away from providing your personal information to such mail recipients. Additionally, your bank will never mail you asking for your personal details like your PIN or CVV number. Never respond to such emails.

Here are some pointers on how to ensure your safety while using your email:

  1. Do not open emails from a suspicious or unknown source.
  2. Don’t trust clickbait subject lines or anything that’s too good to be true.
  3. Don’t follow flashy URLs or buttons.
  4. Create spam filters in your inbox, and keep adding these email IDs to it.
  5. Do not open any emails asking for identification information, whom you haven’t signed up with.
  • Use a secure WiFi connection 

As per a study conducted by Extreme Networks, “A Wi-Fi attack on an open network can take less than 2 seconds.”

This only goes to prove, you need to be extremely cautious while using public Wi-Fi. The best practice is to always avoid an online Wi-Fi connect.

Here are some safety measures you can take to ensure secure online transactions:

  • Do not make a payment over public WiFi terminals.
  • They may not be entirely secure and are more likely to have weak data protection systems.
  • Avoid updating passwords using public internet connections.
  • Always use a trusted WiFi connection or your own mobile data.
  • Using original banking apps also minimize your risk of fraud.
  • Make sure the app you are using is the bank’s or the payment company’s official application or website.
  • Online shopping tips

These days, we have an app for almost everything under the sun. Even though this eases out our workload, it makes us prone to cyber attacks. Hence, it is crucial to ensure your safety while you continue shopping for your favorite clothing and ordering your favorite food online.

Here are some ways you can protect yourself while shopping online:

  • To enjoy secure online transactions shop on websites that begin with “https”.
  • Do not trust websites that begin with “http”. This means that the website isn’t using proper encryption, which could lead to a potential data breach.
  • Do not click or engage on pop-ups that appear during your banking session.
  • Always log out of your bank, credit/debit card, and merchant sites after completing your online transaction.
  • Do not save financial passwords on your computer.
  • Pick a payment gateway option which provides maximum security.
  • The preferred compliance payment gateways need to follow is Payment Card Industry Data Security Standards (PCI-DSS) to ensure that your transaction data is 100% safe.

We hope that these tips help you to transact and stay online, securely. Ensure you follow these steps to ensure your safety.

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