Best Tips on security measures for online transactions
Security measures for online transactions are important nowadays. There has been a lot of momentum in Online transactions on Mobile App On Android smartphones. Because of that, there has been a risk of Dangerous malware attack on users android mobile phone always remains. Here Best Tips for Safe Online Transaction on the internet that will help you understand how this happens.
Carelessness for this type may become a heavy loss for the user. Sometimes an old dangerous Android malware back with the new update. This malware has an attack on users’ banking and personal information.
Online transaction is now very easy with the help of mobile apps. If you know very well about tech apps then you can transact money without any hassle. This is the reason why the medium of digital payment has become increasingly popular.
According to a report by S&P Global Market Intelligence, the number of transactions through mobile apps has increased by 163 percent in the year 2019 and it continues to grow further in India 2021 also in the whole world.
By the way, due to fear of an ongoing pandemic, people have started to do on contactless transactions, but the biggest issue here is security.
Online payment scams are also increasing. In a recent incident, the thugs picked up Rs 14.49 lakh from the account of a woman from Pune in the name of KYC. In view of the increasing incidents of fraud, CERT-IN (Indian Computer Emergency Response Team) has also issued a warning regarding a phishing attack. Reliable online transaction and security tips on internet include here some of the problem below along with the solution.
What is Malware?
Malware is harmful software that design to disrupt or hack your device, software, and security.
Malware is very dangerous for online transactions. Its eyes are on the user’s bank account. Malware empties the account of users through fake messages.
Malware can not only read the messages coming on the device but also keeps working in the background even when the device is locked. It steals the phone number, device model, OS version, telecom provider, banking information, IMEI number, etc. In addition, the message coming on the user’s phone also sends it to the server.
How does Malware operate?
The fraudster sends a text message to users that looks similar to official messages from the bank with links to Users. Clicking on the link will lead to downloading Android Package Kit (APK) files of malware to smartphones which also obtains the administrative service of the device.
Then it used confidential detail of users including mobile number links to a bank account to generate OTP.
It starts banking transaction from users account and gets access to generate OTP which User used to divert money.
Be Careful about Phishing Scams and Phishing Email attack
CERT-IN has issued a warning about a Phishing attack. These days, in the name of COVID, there is an attempt to trap the users through attracting emails. That is why again and again users are advised to be very careful while opening an email with offers made inadvertently or in an attractive way.
If the email appears to be from unknown people, do not try to open it at all. Sometimes the email address is designed so fine, it becomes difficult for common users to find the difference. Still, like this, There are some mistakes in grammar and spelling in emails.
Only by looking carefully will you be able to know this. During net banking, instead of clicking on the website, open it on the bank’s address type in the URL, it may be better for you. Check the URL in https or not. It’s in “s” Means is that the website you open is secure and verified.
At this time, the whole world is fighting against the pandemic. In this situation, most people have been working from home. Cybersecurity researchers warn people that hackers can target them.
According to a report, Phishing email attacks related to the COVID pandemic have increased by 800 percent. Security and data protection solution firm Barracuda networks have also released a report. According to the report, Researchers have detected many of phishing email attacks.
There are a majority of Phishing cases related to Corona. In addition, the World Health Organization has also issued a Cyber Scam alert. Let’s know-how security risk can be reduced.
How to identify Phishing Email
Email related to COVID has increased phishing attacks. Through highly crafted emails, The Scammer is try to trap people. The only way to avoid this is to not respond to emails that ask you to download attachments or click on links.
Even if such emails look familiar, first contact the sender to check the situation, or else the spelling should be checked. Typically phishing emails contain spelling mistakes. Mark such emails as spam or remove them from your invoice.
Use a VPN (Virtual Private Network)
When you are working from home to office, you can use a virtual private network ie VPN to avoid a cyber attack. The VPN provides a secure and encrypted connection between the device and the private server.
Although VPNs have some advantages, some disadvantages as well. While low-cost features like better security, safe file transfer, remote access, etc. are available through VPN.
while VPN service, you also have to keep in mind that not all are trustworthy. Also, you may have a speed problem when people of the same organization login at the same time.
Use 2-factor authentication with all your social media platforms, email services, and web services such as AWS and WordPress. It gives you an extra layer of security measures for online transactions in the way cyberattack cases.
This prevents your user name and password from being hacked. It can also be used for social media accounts with email services. All that is needed is the authenticator app, which generates the code.
It can be used with Facebook, Apple, Google, Microsoft, WhatsApp, Twitter, etc. After activating this feature, if someone tries to open your account, then he/she can not do it without the password sent on your phone, so it is very important that you protect yourself with the help of it.
How to Use Antivirus?
If you are working from home, then using good antivirus software is a good idea.This will reduce the risk of the system. At present, if you do not want to spend money on antivirus, then you can also take the help of some free antivirus tools.
Avast antivirus can be used for PCs and smartphones. It protects against hundreds of new types of threats with anti-theft tools, call, and message filters. The use of Antivirus is important measures for security measure for online transactions.
Malware Protection facility is also provided. Apart from this, Avira can also be used to keep smartphones or PCs safe from malware. Both free and paid versions are available. It is also available for smartphones with Windows, Mac.
If you download its free version, then it has features like Antivirus Protection, manual software update, password manager, personal privacy assistant, browser tracking blocker, secure search engine, etc. It also secures from spyware, ransomware, etc.
How to Keep bank account Private?
If you are sharing your account number with someone, then be very selective during this time, ie avoid sharing the account number with everyone. Also, if someone asks for personal information on email, text, phone, or social media, then you should be alert.
One should share information with the one who has faith. Keep your account private is important for security measures for online transactions.
Careful while use Password!
Most users know that an easy password can sometimes create problems for them, yet people keep this kind of password. One reason for this is that it would be easy to remember such passwords, create a strong password, and use special characters in it.
Often people keep passwords like 123456 or put 0000 in front of the name. These passwords are extremely weak and hackers easily hack them Always keep in mind that make a strong password and used special character in it.
It should also be kept in mind that there should not be the same type of password for different accounts. So It is advisable to keep mix Type Password it or Frase can also be used for the password. Multi-factor authentication, PIN/password, or fingerprints should be used as far as possible as security measures for online transactions
Always Keep an eye on bank and credit card statements,
you should always keep an eye on bank transactions, even if it is very small. If any kind of unethical activity is happening, then you can catch it while being alert. If any notification comes on the phone too, do not ignore it.
Consider Security Solution
Whether you are banking through mobile apps or through the web, make sure that your device is protected with antivirus for Security measures for online transactions. Transacting without a protected device can be dangerous.
Do keep Apps updated
If you are using banking apps, always keep them updated, because the company also removes the security vulnerabilities of the apps with new features, so that the application is tightly coupled with viruses and hackers. By this, your data will be safe.
Apps update will help you to enhance security essential for security measures for online transactions.
How to Manage permission on Phone?
This is a very important step for apps on mobile phones and security measures for online transactions. When you download an application from Google Play, you are asked for permission.
You make him allow without thinking. Don’t see what kind of permission it is asking from you. Many applications get permission to your contact message, mail and SMS so take care before giving permission.
You do not know how many times you have shared your bank account number, Aadhaar number, ATM PIN and password through message or WhatsApp chat, but you do not know how big risk you can do by doing this Have been taking, because there are many apps and companies, which read all your details.
So do not share personal information through messaging apps. These are some of the important steps security measures for online transactions.
SBI Safety Tips
SBI (State Bank of India) has alerted users through its Twitter account and continues to warn about the matter related to security. In SBI Tips It has been told that the user has no access to any unverified app contact password and financial accounts.
Before installing any app, the user should check which company it is made by and has verified or not. Apart from this, the user should not save the details of debit or credit card in any app.
If you are using a USB device, it should first be scanned with a good antivirus, as USB devices can also be affected by dangerous malware. Also, SBI has stated in its tips that the file and folder associated with the bank should always be encrypted.
SBI always share security measures for online transactions by messages.
Don’t Forget Basic Rules about Digital security
Always Use Trusted Network as a good suggestion for security measures for online transactions.
During the opening of Banking apps, you should always use your data plan or secure and private Wi-Fi network when using Net banking.
Do not use the Unsecure Wi-Fi network anytime because cybercriminals can easily break the security of Wi-Fi. With this, they may also access your personal banking information and bank account. If you use public WiFi, then it would be better, to use a VPN for this.
Hope here Security measures for online transactions will help to give enough information.