Online Transactions: Learn Exactly How To Improve Your Digital Security And Privacy

Today, we will take this tutorial ahead to cover the area of security and privacy in online transactions. As you might be already using online payment services every day for bill payments, ticket bookings, recharges, e commerce and so on.

We all like paying bills and shopping online for the convenience it provides of making payments right from your home. For instance, India’s largest e ticketing website IRCTC claim to process over 180 million transactions every year worth approx $3 billion. We usually use credit or debit cards or net banking for those payments.Most of the banks and payment services nowadays have already implemented good security measures, but make sure you check these things before using them:

1. Make sure you have enabled One Time Password (OTP) to authenticate payments. OTP is a self-destructible password that is sent on your registered mobile phone number via SMS and hence ensures that no one else than you can make payments or transfers.

2. Your bank passwords must be strong enough that they are impossible to guess. Make sure your password contains at least one capital letter, one number, one special character and is at least 8 characters long. Most of banks have already made it mandatory to use such password complexity but you should voluntarily keep such practice for the sake of your own security.


3. While making bill payments or shopping online from various websites, make sure the website is SSLsecured, it is usually mentioned on their website. This ensures that your credit/debit card details are encrypted to an extent that they are impossible to render by any unauthorized system or software. Also make sure that websites doesn’t ask to store your CVV number, that is, Card Verification Value, a trusted secure website will never save it. Use only well-known websites and don’t try new website for making such payments.

4. Never ever save your bank passwords to browser when it prompts you to save it while making payments. You may also prefer using digital wallets issued by some trusted websites instead of using cards for seamless and secure payments. While using digital wallets, you should prefer using the wallets that are PCI DSS compliant, Verified by Visa (VbV), and mastercard secure, you may ensure this by looking for such logos on their website: