Safety Tips When Making Online Transactions
Today, most of us are using online banking for making payments. Due to currency ban in India, most people are turning to online payment systems. But some people are too afraid to make online payments. Allow us to advice you that it is not that dangerous as the way you think. It is obvious when we hear some hacking news we get scared and ban ourselves from this amazing technology.
In this world, specifically most in developed countries, around 51% people prefers online banking over cash payments [Source : https://goo.gl/3yFpif]. There are millions of accounts with thousands of Banks in the world. Of course for each and every Bank who handles the online transactions has a dedicated team to take care of their online banking’s security. But still there is no system out there in the world which is 100% safe. Even cash transactions too! Let’s say, you have cash and you are on the way to deposit it into the Bank, on the way to the Bank someone try to rob you and unfortunately you lost the cash. Because of this incident, you are not going to stop doing transactions with Bank? No! Right?
Taking care of our money is our responsibility too! here are some few tips for you to take care of your Banking details while making money online.
Always Make Payments Through Trusted Websites
While making any online payments, always make sure that you are using trusted websites. In India, PayTM or Freecharge can be the better options to make payment online. Go with only those websites or apps which everyone knows and widely popular. This includes bank’s websites also.
Always Check For Secure Connection
While making online payment, transferring money or using debit or credit card, always check you are on the secure page. To check you are on the secure page is to simply check the website address which should be supported with HTTPS. You can check the HTTPS as per their color code too, which are;
Green : When the text HTTPS is in Green color, the connection between your browser and website is secure and encrypted. Also, it means the Internet authority has confirmed that the website is owned and operated by that particular business.
Red : The Red color of HTTPS text means, either the certificate is expired or has some error while authorizing it. If you see the Red color,then please avoid to type anything or proceed with the Gateway. Simply cancel the transaction.
Yellow : If the color of HTTPS is Yellow then the authority has failed or cannot verify the owner of the website. In this case also, do not proceed for online payment.
White : If you see White color of HTTPS, then that business is validated and the connection between your web-browser and website is encrypted. Still in this case, we suggest not to proceed!
If you do not find HTTPS with green color, then please avoid to make payment. Sometimes, most hackers use phishing websites to get your payment details.
Use High Secured Password
While selecting a password, please do not choose the password that anybody can guess. Avoid using anyone’s or yours mobile number. If you still want to use mobile number then add some special characters while creating a password. Use capital words, small words, numbers and special characters. Also, keep changing the password after few months. If possible, keep 2 step verification on.
What is 2 Step Verification?
There is another layer of secure login while doing any online transaction. When you enter your username and proceeds, that particular website sends you the OTP [One Time Password] on your registered mobile number. After confirming the mobile number, then only it asks you to put up your secured account password.
Always Use Personal Computer or Personal Phone
While making any online transaction, make sure you are using only your personal phone or computer. Do not use someone else’s computer or phone to make payment from your Bank account. Every browser has cookies option, so when you enter your details it gets saved into the browser’s cookies. Once saved, anyone can use it in wrong way. Even after using your personal computer or phone, clean the browser’s cookies and history to be on much more safe side.
Do Not Announce Your Banking Details Publicly
Do not let anyone know your Banking Details, such as username, password, email ID or phone number related to your account. No Banks will call you on your phone and asks you about your Banking details or card details. Do not fall for that scam. Even though, never write your password in your diaries or in notebooks. Because, if you misplaced the book, then it might be a huge trouble for you. Don’t let anyone else other than you, carry your card and use it on behalf of you.
Use Different Bank Account
To make sure your life’s saving is secure, do this trick. Keep your saving’s account and online banking account separate. Make sure, you are not applying for Internet Banking for your savings account. Calculate your monthly expenses, and transfer that particular amount to your expenses account. Which means, you will be handling two different accounts. Either open it with one Bank or two. Even in the worst scenario, your account gets hacked, the hacker might not get liberty to touch your savings account. You might lose your month’s expenses’ money in that attack, but not your hard-earned life’s savings.
So, above are some safety tips for taking care of your online Banking. If you think this helped you, then please let us know. If you know another way to make your payment secure, then please let us know, we would love to add it in the safety list. Please, share this article to everyone you know!