How to ensure safety of financial data on digital platforms (online security )

People are increasingly shopping online  ensure safety of financial data on digital platforms (online security ) and tend to save personal payment-related information on digital platforms. While storing credit or debit card details online makes transactions convenient, it also poses a serious security threat.

While transacting online, consumers are exposed to several risks and frauds—identity theft, loss of money and financial data, and phishing scams (a fraudulent method of gathering information using deceptive e-mails and websites). According to ..

Digital safety measures
For starters, you must ensure that the Web portals from which you purchase products and avail of services are well-known and enjoy a good reputation. The online platform should have adequate data security provisions.

As a thumb rule, consumers must transact only via modes that offer end-to-end encryption since it prevents any third party from accessing the information being communicated to or stored by a Web portal. Users are more susceptible  ..

Make use of all available security options, including router and network passwords, encryption and firewalls, to minimise the chances of someone hacking into your system. Regularly changing passwords of your Internet connection, and enabling two-factor authentication for apps and services that allow it,Wipe data if phone gets stolen, The right way to dispose of documents. This will boost cyber security. Finally, you must ensure that you download applications on your mobile devices only from established platforms—iTunes App Store or Google Play Store.

It is essential to stick to apps created by trustworthy players by checking their reviews and popularity.

These simple measures can ensure that you do not become a victim of fraud, even as you continue to enjoy the benefits of digital transactions