The digital age continues to make our lives simpler and much easier to manage. Credit cards are now becoming a thing of the past ever since one-click shopping was introduced. While one-click shopping and other online payment methods have revolutionized the world of shopping, many people seem to be oblivious of the risks involved. While an online portal may appear secure, you have the responsibility to ensure your personal and financial information isn’t hijacked or compromised in any way.For example some wi fi networks at internet cafe’s and small business premises have been shown to the source of infection in many cases of identity theft and cyber-attacks.We all need to be careful with our ways online,Outlined below are a few ways which can help protect you from these attacks.
1. Monitor credit card statements weekly
If you are among the many people that use their credit cards to pay for virtually everything, you then should consider reviewing statements of each credit card each week. You could set aside one day to do this” a weekend would work just fine. Doing this weekly helps detect transactions that you may not have authorized, which gives you a better chance to manage the situation. Be sure to contact the credit company if there is one or multiple transactions that seem questionable.
2. Set up real-time alerts
Many credit card companies and banks offer value added features that enable real-time alerts whenever a transaction is initiated, or a suspicious attempt is made. You however have to sign up for this feature to enjoy the additional protection. You can also set up daily purchase limits to help keep your finances in order as well. Depending on what your company or bank has to offer, you can request message notifications or even a phone call to validate purchases before it can be approved.
3. Change your passwords at least once every 3 months
Always use a secure password for all your accounts. This is particularly important for financial and personal accounts. According to research, many people use their birth dates and other personal details for their password. This makes it easy for a hacker to crack your password. Consider using an easy to remember yet complicated password for all accounts. In addition to this, consider changing these passwords regularly, at least one time every 3 months. Be sure to combine symbols, numbers, and letters in the password to be safe.
4. Subscribe to identity protection
Identity protection is a service offered to help monitor your Social Security Number, credit cards, and other sensitive personal info for a fee. Some of the best companies such as Target offer a free trial to all subscribers for one year, after which you can choose to either continue (for a fee) or stop the service. One thing you need to know about cyber-attacks is that, malware sneak into your personal computer or devices, steal personal and financial data, then sneak out. While it may be hard to detect a malware intrusion, having your personal financial information monitored gives you an extra layer of protection.
Cyber thieves are not only smart and cunning but also take advantage of the slightest mistakes that unsuspecting individuals do online. Safeguarding your identity and data is the only way you can stay away from these people. With the most recent data theft experienced worldwide, we all have/need to be extra careful when transacting online. You never know who is waiting for that simple mistake, and when.