A total of 35,551 cases of credit card fraud were reported in the country between January 2015 and December 2017. Mumbai alone witnessed 606 cases of debit and credit card frauds, a 42% hike as compared to the previous year. The majority of these frauds happened from online transactions.
Cybersecurity continues to be a major threat in India although e-commerce websites and financial institutions try to provide as much consumer protection as possible.
One of the major causes of online frauds is the limited knowledge of consumers about online safety and security. Many a time, cardholders upload their information in scam websites that can lead to a major breach in data. Not only that, but there are also several other ways you can be scammed online.
A majority of cards come with zero fraud liability that reimburses you in case of an unauthorised transaction. The Bajaj Finserv RBL Bank SuperCard is one such card that comes with “In-hand security” for added protection. However, prevention is better than cure, and you must exercise the same.
Here are some of the tips to follow when shopping online with your credit cards:
- Ensure the website you visit is secure
Your web browser will block any website that is not secured or doesn’t use a private connection. Although it will give you the option to proceed, you must not provide any personal details in such websites.
The browser will show “Not secure” if the site does not use a private connection. Such a website’s URL begins with “http://” instead of “https://”.
Your browser will show a lock icon if the website is secure. The URLs of these websites will begin with “https://”. These sites are generally the safest to shop with your credit card.
- Don’t shop online on public Wi-Fi
Public Wi-Fi connections are the ones that don’t require a password or ask you for your phone number for access. Such networks are open to numerous users. Shopping online while connected to public networks can make you vulnerable to hackers and scammers.
Hence, avoid shopping on such public connections and go for private ones protected by passwords.
- Install an internet security software
An antivirus only protects your computer from viruses and malware. It does not provide you with any protection from online threats. For that, you need internet security software.
Internet security software has all the features of an antivirus plus some extra ones. Such programs have a firewall and protect you from spam emails, phishing, spyware, and several online threats.
Using the software gives you an added protection and security when using a credit card to shop online.
- Have a different password for each website
If you are one of those who use their phone number, “password”, “12345”, “qwerty”, “abc123”, etc. as password, then it is time to stop.
You need to have a different password for each website. Use alphanumeric phrases with a special character like a hyphen (-) or underscore (_). Make sure that password is at least 8 characters long.
- Never store your card information on any website
Many times, websites offer you the option to store your card details for a faster checkout. Doing so saves you time from entering your card information every time you buy something.
Those who know how to use a credit card will never store their card information on a website. Your details may get compromised if the site comes under cyber-attack and gets breached.
Few other tips:
- Always check your credit card statements for any errors or malicious transactions.
- Always keep your web browser and internet security updated.
- Do not click on links provided in promotional emails. Verify the sender and ensure it is trusted before doing so.
Follow these tips and use cards like the Bajaj Finserv RBL Bank SuperCard which bring attractive offers, discounts, and reward points for online shopping.
The NBFC also gives pre-approved offers on credit cards that make availing the cards easier. Pre-approved offers are also available on several other financial products like personal loans, business loans, home loans, etc.
You can take a look at your pre-approved offer by providing only a few essential details.
Therefore, make the best use of credit cards when shopping only by keeping all these safety tips in mind.