Security- the biggest threat on online transaction

Despite there being a deluge of online transaction options like Internet banking and Internet shopping, it is but natural that you should think twice before you go for any such online operation. Several camouflaged sites might take you and your finances for a ride and you will have to bite the dust having exposed your real banking info to fake sites.

Exchange of delicate information, personal or professional, without proper encryption technology or security options can make you or identity vulnerable. Online transactions happen at enormous speed, often much faster than an average credit card or check transaction. Providing personal information on the Internet opens up a hundred and one risks, and taking anticipatory action is an essential part of ensuring online security.

Beware of hackers

Hackers are experts in monitoring, recording and key logging your personal online transactions. This in turn makes way across networks and calls for a number of threats that can pull you down. If you store passwords on your computer, they will be susceptible to security breaches. A computer security hole is capable of opening up the way to password files. Hackers are able to take out this information without the user’s knowledge.

Password protection is important and can be possible in the following ways:

• Frequently change the password

• Use unidentifiable keyword combinations

• Make sure to use combination of numbers, capital and small letters in passwords

• Symbols can avoid any manipulation just by guessing the code

• Do not share passwords with anybody else

• Identify the right website

Know that websites with encryption technology and a Secure Socket Layer are secure and safe. This is indicated by “https” (letter ”s” after the http portion of the URL). Also Microsoft Windows offers an alert that transmits a message verifying whether information over the network is secure. This helps to sort out any dicey websites or services.

Ways to avoid infringement :

• Potential risks of viruses, worms, and other dangerous threats of data mining and data loss can be averted to a large extent if you are downloading from trusted websites.

• Make sure all websites that require direct checking and credit card account information exchange have a padlock symbol to guarantee that the site has been given the authority to accept secure information.

• Use software that protects and encrypts delicate information, such as, user names and passwords, and says whether a site is safe or not.

Following these steps may radically improve your online transaction security.