Safeguard your personal information; Best practices for secure online transactions

In today’s digital age, electronic transactions have become an integral part of our lives. From online shopping to web banking, the convenience of conducting financial transactions from the comfort of our own homes is undeniable. However, this very convenience comes along with the great responsibility to ensure the security of our personal information.

In this blog entry, we are going to explore a series of best practices that will help you safeguard your personal data all throughout your daily online transactions.

Choose strong and unique passwords

The first line of defense in securing your online transactions is a strong password. Opt for a combination of upper and lower case letters, as well as numbers and symbols, in order to create a unique password that is significantly hard to guess.
Avoid using easily guessable information like your name, birthday, or pet’s name. Additionally, consider using a password manager to securely store your passwords and to automatically generate strong ones when needed.

Enable two-factor authentication (2FA)

Two-factor authentication provides an additional layer of security by requiring a second form of identity verification, typically a verification code sent via SMS or email.
By enabling 2FA, even if someone manages to obtain your password, they would still need physical access to your device in order to complete the login or payment process. Most online platforms offer 2FA as an option, so make sure to benefit from it wherever possible.

Verify website security

Before entering any sensitive financial information online, always ensure you are browsing on a secure website. Keep an eye out for the padlock icon in the browser’s address bar, and check that the website’s URL begins with “https://”.
The “s” in “https” stands for secure, indicating that the communication between your browser and the website is encrypted, and thus making it more difficult for hackers to intercept one’s data.
If, for instance, you are about to complete an online transaction through a website that does not comply with all of the requirements above, then it is safer to drop your shopping cart than to go through with your purchase.

Regularly update your devices and software

Keeping your devices and software up to date is crucial for maintaining security while browsing.
Do not dismiss to regularly install updates and security patches for your operating systems, web browsers, and other applications used in online transactions. These updates often address vulnerabilities that could be exploited by hackers.
Additionally, consider using reputable antivirus and anti-malware software, in order to stay protected against potential threats.

Choose PayByBank for online transactions

If your card information is stolen, it could potentially grant unauthorized individuals direct access to your bank account, something you can completely avoid when you choose PayByBank for your online purchases.
While there usually are multiple checkout options available , when it comes to online transactions, there is no safer payment environment other than an online banking platform. PayByBank offers an extra layer of protection against fraudulent activity, by allowing online shoppers to complete a transaction on their web banking tool of preference, instead of having to give their debit or credit card information away.

Securing your personal information during online transactions is paramount in today’s interconnected world. By following these best practices, you can significantly reduce the associated risks.