In the wake of the demonetisation campaign, people are opting for cashless transactions for online banking, shopping, paying bills, booking tickets, etc. But, while this mode of payment may have brought some relief to the cash crunch in ATMs and banks, it has opened up new opportunities for hackers and other cyber criminals.
To make your transactions secure, you need to follow simple steps mentioned as under :-
- Download online payment apps only from official stores such as Google Play, Apple Store etc.
- Before you download any app, verify the publisher. The ‘Top Developer’ badge in Google Play is usually a good sign that the app is safe. Also, read its user reviews.
- More importantly, read the permissions that an app asks for. If you think, it is asking for more than what is required, then better avoid installing it.
- Never visit an online banking or shopping website by clicking a link received in an email or text message.
- Choose established and well-known websites to make your payments.
- Ensure there is two-factor authentication for your net banking or debit/card transactions. This means whenever you make a payment, you will be asked to authenticate yourself twice. For instance, while paying via net banking, you will enter you login ID and password and also an OTP (code sent to your registered mobile number) before you can make the final payment. So, even if an attacker manages to steal your net banking details, they won’t be able to go through with a fraudulent payment.
- Always choose a strong password for accounts on net banking or online payment apps. Ensure your password is at least 8 characters long, has uppercase and lowercase letters, numbers, and symbols.
- Avoid making cashless transactions from public computers such as those in cyber cafes.
- Do not use free, insecure Wi-Fi networks for making online payments. Doing so may let an attacker steal your information.
- Install a multilayered antivirus solution with features such as Blocking websites that are fake, fraudulent or infected. Blocking emails that carry malicious links or attachments. A secure browser for safe banking and shopping transactions.
- Install a mobile security app that Blocks fake or malicious apps from getting installed on your phone. Blocks access to fake and infected websites. Lets you lock your apps with a password to prevent any misuse.
Hope these simple steps are helpful for those who are new to this cashless transaction concept introduced by Modi Government.