Many think that all is safe and secure when it comes to shopping online. However, there are some mistakes that you can do that can compromise the security of your funds. If you are not careful enough with your sensitive financial information, it may open you up to cybercriminals that can steal your details and your money.
Here are the most common mistakes that you should avoid:
Using public wifi
Using free wifi in public might be the most convenient thing for you to do when you are out and about and have to make an online transaction. However, this is a risk that you will take each and every time, especially if you are making an online credit card payment. This is because hackers can gain access to your accounts much easier through public wifi than when you are using a private connection or your mobile data. There are even fake networks that enable you to go online but are only there to get into your mobile details. It is better to use your cellular data especially if you are opening up your eWallet or your payment provider’s app through your phone.
Not updating your phone or your apps
Not all the updates on your phone or mobile payment solution apps are to add in more features. There are also updates that upgrade the security measures for your device or application to make it safer from hackers. These security updates are there to keep your mobile devices one step ahead of cybercriminals. Remember that with the advancing of technology and security of the apps, hackers are also developing new ways to try to break them down. Having the latest security measures can make it much harder for them to get access to your information.
Using the same passwords
Probably one of the most common mistakes that people still do with their online accounts is to use the same passwords for multiple sites. Although this can be more convenient for you since you don’t have to memorize different passwords for all the apps that you use, this could also prove to be a huge mistake. This is especially true if you use the same password for your social media accounts with your payment provider’s account. Social media accounts are easier to hack into than others, so it is best that you keep the passwords you use separate from the passwords you use to keep your funds in.
Saving your payment information
There are online retailers that offer you the option of saving your payment information so that the next time you shop with them, you won’t have to put in all the information that you already gave them again. However, this is something that you should avoid doing, especially if the site that you are not sure about the reputation of the site’s security. Scam websites use online credit card payment to make unauthorized transactions.
Money services provider.
Keep your funds secure by using the advanced payment solutions of the right money services provider. It has the option to send funds via email transfer. You’ll be able to pay with ease without revealing sensitive financial information when you use one of the best money services app.