Online shopping has a number of risks involved in its mode of working and people should be careful when carrying out an online buy. The basic online frauds happen through the duplication of personal information and using it for the extraction of funds. This is mainly done through convincing the people shopping that the site they are purchasing is a legitimate site. This makes the people shopping share their personal information which is then used against them.
The Retail/service sector is the 6th most targeted for fraudulent activities. The most frequently experienced fraud which people are subjected to is phishing. Phishing is fraudulent practice in which people are sent e-mails claiming to be reputed companies which make people reveal their personal information which is then used access their bank accounts for extorting money. Debit cards were also prone to fraud attacks as one access lets a person to completely clear an account holder. Credit cards are suggested for online shopping by banks as it contains an amount cap and the user can report a fraud within 30 to 60 days. The bank also suggests disposable credit cards which can be charged with an amount and can use it till the amount is used completely and you can order for a new card.
Website security is one of the key elements which should be kept in mind before going ahead with a transaction. Technically advanced cyber criminals can easily access an unsecured site and steal you information from the forms you fill. Customers can check for a secured site as secured site start with HTTPS and other sites with HTTP. Another most reported fraud resulted from public online shopping as public computers might be wired with malware which can track your entered information and might be used against you. Storage of information should be avoided as this can be used against you if someone gets hold of that.
To conclude online shopping has many hazards which can be controlled by careful handling of the information and to be careful about checking the authenticity and credibility of the site which you wish to shop with. Enjoy the comfort of Online shopping keeping in mind these tips and this can help you to ensure safe transactions all the time.