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Best ways to secure your online transactions

Nowadays more and more people are using online stores to purchase goods whether they are presents, groceries, or treats for you. But most of the people often forget about taking extra precautions like keeping their personal information safe. In the current internet marketplace, shopping and banking occur constantly.

Unfortunately, identity theft and online fraud occur just as frequently, thanks to clever thieves and sloppy consumer Internet shopping habits. So, it is important to protect your information carefully because online transactions always carry some risk, but you can do many things to increase your security on the web. Consider the below five tips to secure your online transactions.

Use a Secure Connection

A secured connection is an encrypted internet connection which hides what you are doing from unauthorized people. Finding the difference between a secure connection and an insecure connection is very simple. An url starting with https:// means it is a secured site while http:// is not. So when you are using a open connection wifi it is your responsibility to check whether you are connected to a secured connection or not.

  1. Set a strong and secure password:

Passwords and codes are becoming more advanced over time. Take advantage of this method when you are completing online transactions. For example, online banking services do not ask you to enter for your entire password or pin in one go. This means that when someone claims to be your bank and ask for your details then you will know that it is a scam.

  1. Personal information protection:

Remember not to post your full birth date on social networking sites like Facebook. Do not post the birth dates of your parents, children, or significant other. Any information you post or save on your online accounts can be hacked and stolen, so try to keep this information to a minimum.

  1. Make a note of your transactions:

With your busy life, keeping up-to-date with your monthly and weekly transactions can be quite difficult. But still, you need to make sure you keep an eye on your bank’s statements and what you have been purchasing and especially keep tabs on when and where. If you find a notice of any unusual purchase then put a block on your card.

  1. Find whether the site is trustworthy:

First of all, you need to make sure that you make payments through sites you know you can trust. Look up its reputation first by checking its reviews. Giving your personal details like as your bank details and passwords to a site you are unfamiliar is asking for trouble. You should always use secured gateways when making online purchases.

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