Brijraj Vaghani, founder and CEO of Ridlr and Rajesh Agarwal, co-founder and managing director of Maventic, list some tips for safe online transactions.
Caution while using public Wi-Fi networks
Dubious networks increase the risk of malicious activity. Hence, it is o avoid networks which are not password protected.
Use of One Time Password (OTP)
One Time Password is a unique number which is generated for that particular transaction. This option is highly secure in comparison to the 3D PIN which is applicable to all transactions.
Look for security protocols
Security protocols like HTTPS which guarantees the website’s authenticity along with user protection and transaction security. Secured websites for online transactions can be identified with green sticker and browser URL which starts with https instead of http or www.
Use of firewalls and anti-virus programmes
Use of updated version of strong anti-virus and firewall security programmes ensures protection from new scams and hacker tricks. These programmes run virus scans regularly. Also use of an ad-blocking software programme is advisable.
Avoid common passwords for multiple transactions
In order to avoid the hassle of forgetting passwords, people tend to use one password for a number of transactions including sensitive transactions like net banking and credit cards. This increases the risk of getting trapped as hackers can easily access one password and can enter one’s multiple accounts. Hence, it is advisable to have a unique password for different transactions.
Caution with public computers
It is advisable to use personal gadget(s) for financial and sensitive transactions over public computers or friend’s gadgets.