Thanks to the incredible advancement in technology, everyone can now access the internet. The use of the internet for activities more than email and browsing has grown in popularity and frequency as bandwidth and internet speeds have virtually doubled over the last five years. Online financial transactions using credit cards and internet banking are one of the aspects of internet usage that have been continually growing.

Internet users all across the world, but especially those in the US, have a great deal of faith in online purchases and use credit cards and internet banking for them without any hesitation. But there are always risks associated with financial transactions made online. This is not intended to discourage online shopping or to raise concerns in the minds of internet users. This is merely to have them ready to avoid these traps and navigate the web safely.

  1. Stick to secure websites exclusively
    Please remember to only visit trustworthy and secure websites. The likelihood of any fraudulent transactions will unquestionably decrease as a result. Locate the lock icon. The website certificate information would be shown upon double-clicking. Please don’t click on links in emails or go to untrusted websites to make purchases.
  2. Watch out for phishing scams
    Phishing attacks cause you to receive a tonne of emails posing as from your bank or credit card company, asking for sensitive information such User IDs, Passwords, Account Numbers, and other associated information. The user is frequently asked in these emails to provide the necessary information by clicking on the links contained within. Avoid doing this. Banks or credit card companies never request critical information through email. They never ask for this information over the phone, either.

Use security measures like virtual keyboards and VISA verification passwords, among others.
Your keyed-in information is constantly being tracked by parties with an interest using different keylogger technologies when you access internet banking or card payment gateways. Banks and credit card companies have created virtual keyboards and VISA verifications to stop this kind of spying. Always access internet banking and credit card payments using these methods.

  1. Never conduct business using public computers
    Always conduct online transactions from the comfort and privacy of your home or place of business. Never make a purchase using a public computer, an internet café, etc.
  2. Exercise caution when using credit cards
    Never voluntarily provide the CVV, or Card Value Verification Number, located on the back of a credit card. Use only on sites you can trust. For more details cvv2-shop