Always Use Personal Computers
Most important thing is always, must and should use personal computers for online transactions. Public computers are like public libraries where everyone has access to everything .Most of the public computers saves usernames, passwords, and has cookies saved to their browsers, which makes it a liability for security, when using confidential information. So always use a personal PC for online transaction.
Always use secured connection
You must check the webpage from you are doing transcation is must be on https not http. https:// is a secured encrypted connection, it means data will traverse in encrypted format. It will also show you green color area which shows company name in browser addressbar. On the same page, if it show red color then you should avoid to do transcation. For example check out https://www.paytm.com.
RED: represents the certificate is out of date, invalid, or has an error.
YELLOW: represents that the authenticity of the certification authority that issued it cannot be verified. This might show a problem with the certification authority’s website.
WHITE: represents that the certificate has normal validation. This means that communication between your browser and the website is encrypted.
GREEN: represents that the certificate uses extended validation. This means that communication between your browser and website is encrypted and that the certification authority has confirmed the website is owned or operated by a business that is legally organized under the jurisdiction shown in the certificate and on the Security Status bar.
Use Strong Password and OTP security
All the banks are giving access to a high security password where an OTP password is delivered to your mobile phone when an online transaction takes place. Be sure to enable it for your account. Highly recommended also when using a debit card for online transactions a 3D SECURE CODE is an extra layer of protection provided by the bank which is actually a unique password where the card holder is the only person who has access to it. Don’t forget to use these extra security steps, if you use online transactions often.
Make Use of Virtual Keyboard
All the bank are providing virtual keyboard for entering user credentials for accessing internet banking and doing transactions. Since the physical keyboard can be compromised by a key logger software. Virtual Keyboard are uniquely designed for high security purposes, hence you can make a safe and secured online transaction.
Beware of Phishing Sites and emails
You may also noticied that you get mails from bank name or some credit card details or somthing else related to bank and credit cards. These email will say you that update your details etc and when you check from email id then you can see those emails are not belongs to respective banks.
Here you can check two things, one is from email address and other is links given into emails. Both should belong to respective bank only domain name.