Making Safe Transactions in the Age of Digital Commerce

Antanina S. -

In today's digital age, safeguarding your money and credit cards online is of utmost importance. The internet offers incredible convenience, but it also presents risks. Here, we have compiled expert advice to assist you in protecting your financial information and experiencing peace of mind while navigating the virtual world.

When directed to visit an online retailer or input personal account details, exercise caution. Instead of clicking on links in emails, social media messages, chat rooms, or suspicious banner ads, manually type in the website's URL. Avoid clicking on links sent by unknown individuals. Taking this small step can prevent phishing attacks and maintain the security of your data.

2. Be Wary of False Communications

Legitimate financial institutions never request personal data via email or ask you to visit their site for authorisation through pop-up windows. Be vigilant for suspicious emails and never share sensitive information through these channels.

3. Scrutinise the URL

Before entering confidential data, ensure that the web page's URL matches your intended destination. If the URL appears random or suspicious, refrain from entering any information. A genuine site should start with "https://" accompanied by a lock icon in the browser's address bar, indicating a secure connection.

4. Embrace Encryption

Always use encrypted connections when providing confidential data. Secure websites begin with "https://" and the lock icon ensures your connection's safety. Check the SSL authentication certificate details to confirm the site's legitimacy. Monevium's secure mobile application adds an extra layer of security, enabling you to access your account or make online purchases with peace of mind.

5. Utilise Your Personal Device and Connection

Avoid public computers, such as those in internet cafes, airports, or libraries, when accessing online banking or shopping services. These computers may harbour spyware, compromising your security. It is advisable to use your own device, which has the secure Monevium mobile app installed, and refrain from connecting to public Wi-Fi networks, as they can be vulnerable to interception by cybercriminals or network administrators.

6. Real-time Security with Monevium's Virtual Cards

Consider using a dedicated card exclusively for online purchases. You can limit its credit or balance, reducing the potential impact of unauthorised transactions. Monevium's virtual cards, accessible via the mobile app, are a prime example, allowing you to instantly cancel the card if suspicious activity occurs.

7. Reviews Provide Insights

Before making online purchases, read customer reviews about the retailer. Gain insights from the experience of others to make well-informed decisions.

8. Exercise Caution with Untrustworthy Sites

Avoid purchasing from retailers with websites registered on free hosting services, as they may lack the security measures necessary to protect your data.

9. Investigate the Website

If you have doubts about a retailer’s website, use a ‘WhoIs’ IP service to gather more information about the domain. Check how long the website has been in use and its ownership details.

10. Protect Against Malware

Install a robust anti-malware solution to shield your device from viruses, worms, Trojan viruses, and other online threats. Some anti-malware products offer additional security layers for online shopping and banking, complementing Monevium’s two-factor authentication (“2FA”) to strengthen your account's defences.

By adhering to these expert internet security guidelines, you can confidently navigate the online world, safeguarding your finances and personal information. Stay vigilant, stay secure, and embrace the digital age with confidence.

Monevium Ltd is a company registered in the UK under company number 10251711 and is authorised by the UK’s Financial Conduct Authority under Firm Reference Number 766038.