It is a trend online to reveal your personal information and all other details that can easily establish your identity and location. This is done without knowing the deadly consequences of doing it. In today’s world giving out about you means attracting more friends, and gaining popularity. But it is not at all true. It is one of the convenient ways of attracting cyber hackers to access your personal information and steal the required data.

With online shopping craze increasing tremendously, making online payments is on a rise. By doing so, the cyber hackers can access your information and loot your money. Protecting online payments saves your money and the frustration involved.

It is better to protect your online payment details using this and secure your payment system:

  1. Payment card industry compliance: This is a universally accepted set of standards created by Visa, MasterCard, American Express, Discover and JCB. They are strictly enforced and require multi factor authentication.
  2. Secure socket layer: An SSL creates encryption between the shopper’s internet browser and your website. This is the safest way to secure your online payments system.
  3. CVV verification: CVV is a 3-digit code that provides great security while making online payments. Online hackers do not have CVV and cannot carry out the transaction.
  4. Address verification system: This is similar to CVV. The address is verified with the billing address.

Other ways are to have a close watch over your transactions and to set limits for transactions. Tougher passwords also secure your payment details. Keep the software up to date to prevent latest virus attacks.

Security is an ongoing process. It is best to be up to date with security threats and secure your accounts on a periodic basis to avoid any payment frauds.

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