You’ve heard the buzz: Online payment security is the new black. In some circles, you’re already thinking along those lines. After all, with the constant rise of identity theft and other cyber crimes, you’re always on the lookout for the latest and greatest technology to protect yourself. And who can blame you? Especially when it comes to payments, online security should be top priority.
But the truth is, while online payment security is in the news every day, it’s not a topic that gets answered as often as it should. Why is this? Because, while identity theft is a serious problem, most criminals tend to move towards more subtle means of breaking into your accounts.
For example, hackers can get access to your details through software or through phishing scams. They may even be able to access your bank accounts. But if you have online payment security, they can’t get to them. In fact, online payment security is so robust that the majority of websites will actually detect if a hacker has made a breakthrough and will close the account. If that happened, you could still withdraw from the site, but it would take a long time. It’s not a very big deal, really.
However, it’s certainly easy to understand why most people would be rather concerned about online payment security. Just imagine how much money you have to give away to a stranger! And that applies whether you’re giving away cash, checks, gift cards, or coupons. And if you’ve ever given anyone your email address, then you already know the danger there is in the mail, but online payment security makes it particularly insidious.
To understand how online payment security helps keep fraudsters away, it’s helpful to know what sort of things people use to make online purchases these days. We’ve all gotten used to buying things with plastic money, such as gas, groceries, and even cigarettes. Those things are safe enough on their own, but what about when we pay someone else? That brings us to another point: Most credit cards come with inherent fraud protections built into them. You might have the security features on your credit card to stop somebody from using it to take out a cheap flight to Thailand, but if they have it enabled on their bank account, you’re toast.
That’s why you should always be careful when giving any sort of information about yourself to a website. Never, ever give out your Social Security number or other sensitive personal data unless you’re certain that the website is secure. Don’t be fooled by small-time fraudulent websites that claim to have a “secure” option – nothing secure about any of them. As long as the site is unsecured, you can be sure that all your private information is being given out to unscrupulous people.