People have to follow a 360 degrees approach to ensure that a data breach doesn't take place

The Internet has blurred the line between reality and imagination. More futuristic technologies are emerging in the modern era of artificial intelligence (AI). The advanced thought of buying products online through immediate payments methods is a reality now. However, online payments security is becoming a serious issue. Online purchase of goods, solutions and services has revolutionised eCommerce, opening countless opportunities to entrepreneurs worldwide. Unfortunately, keeping the passwords, financial and other personal information safe is increasingly becoming critical. Online frauds are on a historic rise lately. According to a shocking statistics from Juniper Research in 2016, up to 70% of all types of credit card frauds are mainly the card not present (CNP) transactions. The number of online transactions in 2020 is roughly double or even triple of that in 2016. In such a case, you must protect your data during all aspects of business operation including online transactions. In order to secure data, people have to follow a 360 degrees approach to ensure that a security breach doesn't take place internally or externally. Analytics Insight has compiled top 10 practices that keep hackers away while doing online transactions.

Top 10 security practices to encrypt your data during online transaction

Avail advanced anti-malware program

Encrypting the data to 100% security is near impossible. However, we can take enough small steps to keep the door shut for hackers. Use advanced anti-malware programs in your system or laptop. It will protect both classified and unclassified attacks on your computer, and other digital devices you are using. More than simply using an anti-malware program, you should make sure that it is updated constantly and is 'on' always. The anti-virus scanner should be able to flag mutated malware threats as well.

Make sure the password is good enough

Password is the key to online transactions. But the hidden truth is that it is also a key for hackers to enter into your system and collect personal information. Henceforth, it is mandatory to have strong and unbreakable passwords (not something like MAGA2020). Use hard-to-guess passwords that contain upper and lower case letters, numbers and symbols. Make sure that you use different passwords for online accounts.

Data encryption is a must

Encryption is a method to conceal the information in the string of codes that appears as random data which is complex to decode. Encryption is one of the methods which is essential for the safety and security of transmitting data. Data encryption is available to safeguard emails and other important information. This protects the private data from easily leaking through online transaction.

Anti-theft your device

Steeling personal information or data from a stolen mobile has been in the league for a long time. However, technology has updated its grounds. Today, you can erase all the information from your mobile or any device if it goes missing. Norton Mobility Security allows you to perform 'factory reset' to completely wipe out your data in the lost device. This includes your confidential contact list, messages, call history, browser history, bookmarks among other personal information.

Never use public wi-fi or a public computer

Currently, almost every entity provides free wi-fi facility. But to be frank, they are not very secure. Public wi-fi and public computers have fewer security features than a private network. Henceforth, never attempt to online transactions while you are connected to a public wi-fi or working on a public computer. They are one of the loopholes hackers use to get data.

Use a virtual deal room for sensitive transactions

Most of the company's information gets public while they share it on the so-called safe source Dropbox or Google Drive. However, a much better decision is to use a virtual deal room to share company-related sensitive data. A virtual data room or a data room allows you to handle a wide range of confidential documents without the need for a physical data room.

Deal only with reputed sites

Doing payments on an unfamiliar site is as dangerous as opening a link that shows not secure sign. Never ever directly do transactions to any site unless you know about it. The advanced security features used in payment processors like PayTabs will prevent your financial information from getting into wrong hands.

Overwrite deleted files

Deleting critical information on a computing device rarely means it is truly deleted. Often, this data exists on disk and can be recovered by someone who knows the tactics, basically hackers. The only way to make sure that deleted data are gone is by overwriting it. There are online tools available to streamline this process.

Prefer virtual keyboards

Hackers are not just on the computer screen, they are also spying your keyboard. There are malware and viruses that can make a log of what you type on your keyboard. Henceforth, it is safe to use a virtual keyboard when doing online transaction.

Review company policies on cybersecurity

Most of the cybersecurity attacks take place because of employees. A lot of staff involved in the transaction process is unaware of the company's cybersecurity policies. Therefore, your employees should have due diligence to maintain existing policies surrounding issues of cybersecurity. Meanwhile, your workers should also review what platforms you are planning to use. This will make them understand how to use the platform appropriately.