Credit cards today have become an intrinsic part of our lives. You can spend as much as you want and on anything you wish to choose with your card, be it online or offline, as long as it is within your credit limit.
The ease and convenience with which you can purchase goods and services with credit cards have led to the cards becoming very popular. However, this growth in credit card usage has also resulted in the rise of card fraud both online and offline. With the recent surge in the popularity of online shopping, people are purchasing goods online without any geographical restrictions.
If you are not cautious while using your card for online shopping, fraudsters can steal your data and make an illegal transaction for which you may have to pay. Although banks have their own advanced security features that detect fraudulent techniques, it is always better to be on the safer side.
When you are shopping online, the online merchant may or may not have tight security measures in place to securely store your card details. So, it is safer to use a trusted payment service provider such as PayPal.
Public Wi-Fi is likely to be unsecured and are prone to attack from cyber criminals as they can easily access data passing through the network, including your card details. Shared devices can actually be carrying malware. This may allow others to capture your card details.
You must know what the merchant wishes to do with your card and personal details and for how long they are planning to keep them before sharing it with them. Confirm that they include Personal Data Protection Act (PDPA) in their policy.
Whenever you make an online transaction using your card, all the details are collected in the cache of the browser. If the device gets infected with malicious software, cyber criminals can get access to your card details easily. Also, if your device gets into the wrong hands, all your personal and credit card data will be exposed. So, you must always avoid saving your card information on the device or you must clean your browser’s cache immediately after making an online transaction.
Trustworthy and reliable merchants will always have in place a safe online transaction system. It is not safe to send sensitive information over email as it can possibly be read by outsiders, so avoid it completely.
On the website’s address bar, you must make sure that the address starts with https and not http. Whatever data is shared on https websites are in an encrypted format and cannot be read by any hackers. It is easy to verify the reliability of websites that use https through digital certificates. Another way to verify whether the site is secured or not is to check if there is a padlock symbol on the address bar.
Many instances of online fraud can be prevented from taking place if you are aware of rogue websites or if you can identify one. Let us now take a look at the various steps that you can take to identify a rogue website.
Apart from the issue of safety, you should also be aware of the following while using credit cards for online shopping:
If you are the victim of an online credit card fraud, contact the cyber police and report the entire episode and seek advice from them on your next step. Also get in touch with your card issuer straightaway and block the credit card.