Technology has made it increasingly easy to do transactions online. The cashless age is upon us, and more retail companies are resorting to online payment systems as a way of doing business with customers and clients. This is a good development of course, but it also means that there are increased chances of falling victim to fraudsters, because believe it or not, there are a lot of them waiting to prey on unsuspecting people.
So with this knowledge, how then do we protect ourselves from such people online? Well, these 4 tips below might be useful.
USE YOUR CARD ONLY ON TRUSTED SITES
While there are millions of websites that allow you do business online, only a few are genuine, and even amongst the genuine few, not many can guarantee you security. So the best thing is to only use sites that belong to major brands, and where it’s explicitly stated that there’s security for your card information. That way, you can hold them liable if anything goes wrong on their part.
DO NOT GIVE ANYONE YOUR CARD INFORMATION
There are people who trust others enough to entrust them with their card information. Such things as your Card number, your CVV number, and secret pin should be personal. It doesn’t matter how urgently you need to get cash or do a transaction, it’s unwise to reveal your card information. Sometimes, it’s not even the friends you ask to help you withdraw some money that’s the problem; it’s the people in their life. Also avoid giving your card info to strangers online for any reason.
PROTECT YOUR COMPUTER
The other way you can secure your card and business transactions you do online is to secure your computer, you should never think of shopping online or use your credit card with a computer that’s riddled with viruses, spyware or malware and key loggers.
CONSIDER CHANGING YOUR PASSWORD AFTER EACH TRANSACTION
It’s not an easy option considering that you’ll need to form a new password every time you do business online, but it’s a safe option if you can do it. This option guarantees you safety because it means that anyone who wants to defraud you would have to go through you first. This option isn’t necessary if your bank sends you an OTP each time you want to do a transaction online.