Online shopping spree how to protect online transactions

Online shopping spree how to protect online transactions

Major e-commerce companies have recently launched new products and ultra-low discounts to attract consumers. Faced with the price war of electricity suppliers, consumers’ shopping enthusiasm has also increased. Due to the frequent occurrence of theft of online financial accounts in recent years, B2B International conducted a survey. The results showed that 33% of respondents had received suspicious emails from banks in the past 12 months and asked them to provide passwords or other information; 14% of respondents were redirected to phishing websites and asked for them. Enter the electronic payment account login information. Professionals remind consumers that when they enjoy shopping, they must take reliable security measures and strengthen their vigilance.

Now, cybercriminals are not only interested in the consumer's bank card number, but also pay close attention to the login information of consumer internet banking and electronic payment system accounts. However, surveys show that 31% of respondents still seldom pay attention to the security level of websites they visit when they enter personal data or financial data. One in five consumers did not take steps to protect the password for accessing sensitive resources. 16% of respondents believe that “theft of funds caused by cybercrime rarely occurs and should not happen to oneself”.

In addition, the survey also shows that 30% of respondents save financial data on connected devices. Of these, only 58% of Android smartphones have security solutions installed; 31% of smartphones and 41% of Android tablets do not even have the basic protection features of password-locked devices.

Given the weak security awareness of consumers, anti-fraud experts believe that once consumers ignore security measures, they may become targets and victims of cyber criminals, and banks often have to pay for consumer negligence. Since careless consumers are not few, banks and electronic payment system operators must use specialized security solutions to defend against cybercrime and ensure that they are not at risk from financial and reputational risks.

In short, all participants in online transactions need to take adequate security protection measures in order to minimize the risk. For the majority of consumers, installing a reliable multi-device solution is the best choice for securing online security with their families.

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