The distinction between reality and imagination has been blurred by the Internet. In the new era of artificial intelligence (AI), more futuristic innovations are emerging. The advanced concept of buying things electronically through immediate payment methods is now a reality. However, the security of online payments is becoming a significant issue. E-commerce has been revolutionized by online purchases of goods, solutions, and services, opening up endless opportunities for entrepreneurs worldwide. Unfortunately, it is becoming increasingly important to keep passwords, financial, and other personal information safe. Online fraud has recently been on a historic rise.
According to Juniper Research research in 2016, up to 70% of all forms of credit card fraud are primarily card not present (CNP) transactions. In 2020, the number of online transactions was around double that or even tripled that of 2016. In such situations, you must protect your data during all aspects of business operations, including online transactions. To secure data, individuals must follow a 360-degree approach to ensure that a security breach occurs internally or externally.
Top 10 Security Methods for Encrypting the Data During Online Transactions
Avail Advanced Anti-Malware Program
It is almost impossible to encrypt the data to 100 percent security. We should, however, take enough small measures to keep hackers’ doors shut. Using the system or laptop’s specialized anti-malware programs. It will protect your computer from classified and unclassified attacks and other digital devices you are using. You should make sure that it is continuously updated and is always on, rather than just using an anti-malware program. Users should also be able to flag mutated malware threats with the anti-virus scanner.
Ensure that the Password is Strong Enough
The secret to online transactions is the password. But the hidden truth is that breaking into your system and gathering personal information is also a key for hackers. Henceforth, having reliable and unbreakable passwords is obligatory. Use passwords that are hard-to-guess and include upper- and lower-case letters, numbers, and symbols. For online accounts, make sure you use different passwords.
Data Encryption is a must
Encryption is a means of concealing information in a string of codes that appears as random data that is difficult to decipher. Encryption is one of the necessary methods for the authentication and security of data transfer. Data encryption is accessible to safeguard emails and other essential details. This protects sensitive information from leakage efficiently through online purchases.
Anti-theft your device
Steeling personal data or information from a stolen smartphone has been in the league for a long time: Anti-theft your device. However, technology has revised its frameworks. Today, if it goes missing, you can delete all the details from your smartphone or any device. Norton Mobility Security allows you to ‘factory reset’ to completely wipe out the missing device’s data. This contains your confidential contact list, messages, call history, browsing history, bookmarks, among other personal details.
Don’t use Public Computer or a Public wi-fi
Currently, almost every organization offers free wi-fi connectivity. But they aren’t very safe. There are fewer security features for public wi-fi and public computers than for a private network. Henceforth, whether you are linked to public wi-fi or operating on a public computer, never try to make online transactions. They are one of the loopholes used by hackers to get data.
Utilize a Virtual Deal Room for Sensitive Transactions
Most of the company’s data is made public while shared on Dropbox or Google Drive, the so-called secure source. However, using a virtual deal room to exchange company-related confidential data is a much safer decision. A virtual data room permits you to manage various sensitive information without a physical data room.
Deal only with reputed sites
It is as dangerous to make payments on an unfamiliar site as opening a link that does not show secure signs. Never transact directly to any site unless you are aware of it. The advanced security features used in payment processors like PayTabs would prevent the wrong hands from getting your financial details.
Overwrite Deleted Files
Deleting vital data on a computer system seldom suggests that it is always deleted. Sometimes, this data remains on the disk, and anyone who knows the tactics, essential hackers, will retrieve it. The only way to guarantee that the deleted data is gone is to overwrite it. Online tools to streamline this process are available.
Prefer Virtual Keyboards
Hackers are not only on the screen of the computer; they are also spying on your keyboard. There are viruses and malware that can keep a record of what you type on your keyboard. Now, when making online transactions, it is safe to use a virtual keyboard.
Review Company Policies on Cybersecurity
Many of the cybersecurity attacks take place because of employees. Several workers involved in the transaction process are unaware of the cybersecurity policies of the organization. Therefore, to preserve current policies concerning cybersecurity problems, your employees should have due care. Meanwhile, your employees should also check what platforms you want to use. This will make them know how to use the platform correctly.