Now-a-days, as we know most of the financial transactions are being done through internet i.e. net banking as well as through phone banking. Most of the banking institutions and the credit lending firms use advanced technologies to keep record of the financial transactions. This way of keeping record through technologically advanced databases and network seems to be unsecured but its also the opposite of unsecured. As the government as well as the lenders has taken such a secured measure but still we can find many fraud cases every year. Since we find so many fraud cases we have to be much more responsible of securing our identity in accounts so that there are no more identity thefts. From our part i.e. from credit card holder’s part, we can be more vigilant and be much more aware while we conduct any transaction. If we are not ensuring our identity then there is a high chance of losing huge amount of dollars in a minute.Some steps we can follow while we are making a transaction:
We need to be sure that our account identities as well as our transactions are highly secured.
While we pay our bills or purchase something over the internet we need to check it out whether that particular site takes care of the customer’s identity or we can trace.
We should not disclose our credit card identity over the phone.
While we are making any transaction through our credit card we should not allow the sales person to carry our credit card away from our sight and the most important is to check our credit account balance after every purchase.
We can also get our credit line checked online. We can also check the statistics of our credit reports online.
We can access three major information services in our country: Equifax, Experian, and TransUnion which help us to know about our credit line.
We should check our credit reports periodically and if we find any illegal activities then immediately we should get our card blocked and better will be, if we can get it replaced
If we follow these steps then to a certain extent we can be more secured regarding our account identities and put these credit card thefts at a bay.
The measures you have mentioned are useful to keep the identity theft at bay. My credit cards are as far I know is secure but some time it happens that the data leaks from the secure servers of the credit card agencies with the help of their employees. It is not possible to stop this theft unless the company is ready to stop the nexus being plotted. Hope every one should try to bring the identity theft down and make the transaction secure.
ReplyDeleteThank you Aleina! I will always hope to get more suggestions from your side!
ReplyDeleteHi Rechelle,
ReplyDeleteI totally agree to your point, and the view you have put in. One should take the basic measure/precaution before any transaction which can be online or direct purchase.
I would like to add in few more point to your inputs where all card holders can be more alert while doing any financial transaction especially online. No matter what card one is using but as per the government rule all the online payment gateway or the payment web site has to have their official site registered for a secure transaction (with 64 bit, 128 bit or 256 bit encryption). The well known name in the global market is Verisign. Like this there is few more name in the industry who certifies that the site where an individual is going for any transaction is an official banking/payment gateway site and it is been registered
Here are the few steps based on which an individual can check their self
Step 1
All the transaction web site should start with HTTPS (this mean it is getting connected to the transaction server over secure channel)
Step2
Once a person opens a transaction page on the right hand bottom corner you will find a golden colour lock. If you keep your pc’s mouse courser it will show as ‘Authenticated by VeriSign Trust Network’. Once you double click the same you can view the certificate where the Organization (Your Bank name) should be mentioned.
Moreover in a recent day there have been mails flowing with subject line “database update of your bank account” and etc. In the body there will be saying that we are in a process of updating the client database for which kindly click on given link and enter your user id and password. Before proceeding with this kind of detail one should have a tharo check that the site and the sender is a genuine and your banking details are not been hacked. Kindly follow the above steps before any financial transaction which will allow the person to have a peace of mind after the transaction.
First i would like to thank you for letting us know some more ways to monitor credit.The things which you mentioned may not be known to people, so telling us about these points will help us to conduct much more secured transaction.
ReplyDeleteThank you!
I know the knowledge i am caring is of no use for me. I may be here today but don't know i will be there tomorrow. Any ways if my information helps the users i am glad to share these details.
ReplyDeleteAny ways thanks for your nice gesture and do take care of your self. Have a nice day and God bless you.