Remember these Tips before making Online Transactions

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E-commerce is a gigantic marketplace which has grown explosively over the past decade. Be it is multinational corporations or a new startup, everyone is on the run of making the most of online marketplace. Given such an enormous prevalence of E-commerce, the concept of online transactions has rapidly evolved to a much better form during the past years. Consumers are becoming less and less hesitant to opt for online transactions now more than ever. Such a scenario undoubtedly holds countless opportunities and facilities for everyone; however, it is exposed to big threats as well. In fact, every year hundreds of online users fall a prey to scammers and hackers which steal money from online accounts. So what can be done? How can you make online transactions without any fear? Here are a few tips which can help you in circumventing online frauds:

Use Strong Passwords:

Your password is your first barrier against any online account or data breaches. Some people, even multinational companies, have been reported to create weak passwords which can be easily guessed by anyone. There is no doubt that using an easy password makes logging in easier but it also exposes you to countless threats. It is better be safe than regret later and that can only be achieved by using strong passwords. Generate a combination of uppercase letters, lowercase letters, numbers and symbols so that no one would be able to guess them easily. Using birthdays, names of closed ones or even using your own name shall be avoided at all costs.

 

Purchase via Personal Wi-Fi:

Internet cafes and public Wi-Fi connections are the most unsafe connections for making online transactions. Once you connect to a public WiFi network, you are immediately exposed to any hacker connected to the same line who is waiting to steal your data. Connecting to a public internet connection makes you vulnerable to online attacks- which is why it is not a best option to make online transactions whilst being connected to public computers or WiFi connections. Use your own, personal device and private WiFi connection to minimize all the chances of hacking and data breaches in your account.

Update your Passwords:

Passwords, as said before, need to be kept unique and fresh. Years old, weak passwords are loopholes which invite hackers and online thieves to steal your money when you make an online transaction. According to computer and technology experts, it is recommended to update your password to fresher combinations of letters, numbers and symbols in order to minimize transaction vulnerabilities. Ideally, you should be changing all your personal and corporate passwords after every three months.

Another important thing to take care of here is to set different passwords for different online accounts, especially your email.

 

Log-out after completing Transactions:

Depending on an online sever to automatically log you out once you have completed an online transaction is a foolish idea. You can not be 100% sure that your data will be protected without logging yourself out from an online transaction server. Hackers have the ability to break in the sites and steal your personal and credit card information for unfair uses later on.

 

Keep records:

Keeping the record of all your transactions and online activities is another way of monitoring the activities on your account. This record will also serve in your favor in case if you ever have to claim a scam in future.

 

Sign in through SSL servers:

Server security is another important thing to consider while making online transactions. Trusted transaction service providers and online banking services use SSL servers which are have latest data encryption applied on them. Look for the “https” in the site address and only trust those sites which have this in it. Another way to check the authenticity of a site is to click on the logo. If the logo directs you to homepage than you can be sure about the site authenticity.

Beware of Spam emails:

Phishing attacks and spam emails are eating away the trust of online consumers like wasps. Spammers and hackers often use the technique of sending a false email in which they ask for your personal information or ask you to click on a link for verification purposes. Remember than good and trusted sites never ask for personal information. Toggle your mouse on the attached links in order to see whether the link matches the information provided or not. Never click on any link before verifying it.

Alertness is the Key:

In conclusion, the online world may be filled with numerous threats but the key to circumvent these threats lies in staying alert and careful at all times about every move. It is better to spend some time in ensuring your safety than to suffer a loss of hard-earned-money simply because you were too lazy to take the necessary precautions.

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