Some people love shopping to the point of being called a shopaholic. The latest trend in shopping is online shopping. Here are the basic but important precautions to take while transacting through digital channel.
Never do it from a cyber café
Never resort to financial transactions from a cyber cafe, a shared computer or through a public Wi-Fi system.
Always use your personal system
Always prefer to use your home computer with adequate firewalls and anti-virus software. Always keep your computers updated with operating systems and security patches.
Never use these things in password
While choosing the password for your financial transactions, strictly follow the instructions for choosing the same as put down by the mutual fund, bank etc. Avoid using date of birth, birthday dates, anniversaries or names of people close to you since these could easily be guessed.
Be careful of email asking vital information
Always be careful about emails asking you about confidential financial information such as PAN number, Aadhar number. The government, SEBI, RBI and regulated entities never ask for password, card numbers etc.
Never click on links that come in emails
Always avoid clicking on any link that comes in an email even if it appears to be from a genuine source.
Never share your password
Never share your passwords with an outsider and never communicate the same over social media
Check for SSL link
Always check for SSL (Secure Socket Layer)/https security on login page of bank’s web site. The ‘s’ after the ‘http’ denotes that the site is secure. Similarly, look for signs that an online shopping site is identity verified and SSL secured to protect your card number and personal information. Also, look for a padlock icon somewhere on the browser window.
Unauthorized use should be notified
Notify your card provider/bank immediately in case there is any unauthorized use of your card
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