Fremont, CA: In a world where digital transactions are the norm, it has never been more crucial to be safe when using a card or making a payment. Since fraud and cybercrime are becoming more complex, it is crucial to learn how to use security procedures to help safeguard one's financial and personal data. A few easy guidelines might help reduce risks and safeguard financial assets.
Most steps towards securing payments and card transactions include solid and unique passwords for online accounts. Easily guessed passwords, such as "123456" or "password," should be avoided. One should create a complex password that involves letters, numbers, and special characters. A password manager can generate and store these passwords securely, reducing the chances of falling prey to password-related breaches.
It adds an extra layer of security to your accounts. With any form of 2-factor authentication, other than using a password, you would need to provide another mode of verification, such as calling your phone to give the code or receiving it through an authentication app. Even if someone has your password, they still need this second form of authentication to access your account.
Do not make online transactions, or use only a secure Website or application if you have to. You can tell if a site is safe by the "https://" that starts the URL. That tells you that the site encrypts your data while in transit. You should only input payment details on sites that provide this minimal level of security. Similarly, try to avoid looking at sensitive information on public Wi-Fi networks. Also, a VPN will encrypt your Internet connection, providing extra protection when using a public network.
It's also good to review your financial statements and lists of transactions periodically. Reviewing your statements with some degree of frequency can help you identify unauthorized transactions and report them quickly. Most banks and credit card companies operate programs that will alert you when a suspicious activity has occurred, and you may consider enrolling in such a service to be automatically notified in real-time upon unusual transactions.
Be discreet with your card information. Only give out your details on the phone or via email if you have called or made the contact yourself. Usually, this is how fraudsters acquire the information that they need. During online purchases, make sure you are buying from secured modes of payment. Also, added services like virtual cards or e-wallets will provide more protection by concealing the actual details of your card.
Cybercriminals constantly change tactics; therefore, if you want to stay one step ahead, you must be aware of recent changes in security and know the current best practices. Install the latest updates of devices and software to benefit from recent security patches and improvements.
