In this time and age where so many of our purchases are made online, from shopping to booking tickets, it is crucial that our credit card information is protected.
Staying safe on the Internet implies following the same predominant rules that you abide by when you hop over to your local mall, like safeguarding your wallet, and not entering shady shopping places (not that there are many in Singapore). Online, you have to keep yourself safe from hackers, fake websites, scam, and much more!
Read on to know how to stay secure when you are shopping online.
1. Use secure websites
This is something you should know if you are an Internet nut. To ensure that you are navigating through a secure website, you should go to the URL and look out for ‘https’ connection, a padlock icon at the side or any other digital security certificate. For instance, ezbuy runs on a ‘https’ connection, meaning that it is a secured online shopping site. This will help in ensuring that you only enter your personal information on a website which will encrypt your transaction from end-to-end. Sending your credit card information over email is a big no-no!
2. Opt for 3D secure online transactions
3D secure online transactions offer an additional layer of protection. In this case, a one-time password (OTP) will be sent to the registered mobile number of the individual and the individual will be required to enter the OTP in order to complete the transaction.
3. Be careful of what information you share on the Internet
It’s tempting to take the newest quiz to know which character you are from your favourite TV show or if you are girlfriend/boyfriend material. But are you aware that the person on the other end has access to all your personal information? Yes, they can access your public profile including your name, address, email address, contact information and more.
The more information you have shared about yourself and your life on social networking sites and other websites, the higher chances of you experiencing Identity Theft scenarios. Fraudsters can easily impersonate you based on your available online information, and gain access easily to your sensitive information including your credit card information and bank account details.
4. Be smart about your password settings
Use a password for every device you own. The costliest rookie mistake to make when setting a password for any online activity is having your credit card PIN in it. It sounds ridiculous even reading this, but it happens more often than you think. Many websites require a password of a certain length containing alphanumeric characters, so it’s easy to lose sight and throw your card PIN in the mix for the numeric characters in your password.
Switch up your passwords, keep it weird, bizarre, unusual so no one can even attempt to guess it depending on your public and social information. Many websites, especially online banking and other business/money-related websites have a certain number of attempts after which the system will lock further attempts out.
This article first appeared on BankBazaar.sg.
BankBazaar.sg is a leading online marketplace in Singapore that helps consumers compare and apply for the best offers across all financial products: personal loans, home loans, credit cards & investments.
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