10 Handy Tips For First Time Online Transaction Users

From securing passwords, to understanding the whole paradigm on which digital payments infrastructure works, here are some useful tips that first time e-banking users should keep in mind while indulging in online transactions

- Amit Nath

With the sudden announcement of ban on Rs.500 and Rs.1000, the general public started to panic and hence a huge growth can be seen of public opting for e-wallets and online transactions to deal with the daily amenities. E-Wallet giants like Paytm reported a whopping 1000% growth in money added to its wallet, and 400% growth in transaction values of offline payments. Hence with large amount of people opting for online transactions there are also chances of cyber Security Hacks. Here we go:

Protect your Passwords:

People use common passwords for a number of transactions (including net banking).Here are some of basic password protection tips:

• Choose a strong password filled with numbers, symbols, and lowercase/uppercase letters.

• Change your passwords every 3 to 6 months. The more often, the better.

• Don’t allow your system to store the passwords for shopping and banking sites.