OTP or can be called as One Time Password. It is a safe and convenient form of user authentication. It protects people against typical financial fraud but vishing fraudsters are on the lookout to lay their hands on your OTP. Never share your OTP number with anyone, especially when over a call, SMS, or e-mail. As a rule, never share your card number, CVV, or OTP with anyone. If anyone asked to forward messages that contain your OTP, never ever give it because an OTP is meant for securing your transactions. Giving it to somebody else could help them divert your transactions for their benefits
Most online transactions require two-step authentication, and OTP is often one of those two steps. The advantage of an OTP is to prevent fraud by confirming that the person making the transaction and the owner of that credit card which are one and the same. By doing that solution, a temporary code is automatically sent by SMS to the phone number associated with the bank account used. Once the OTP SMS is received, the user types it in the transaction interface and he is only then able to finalize their purchase.
Online shopping is the best way to compare prices, find bargains, and save money from anywhere with an internet or mobile data connection. But as its popularity has increased, so have the risks, with more and more people trying to scam you out of your money or steal your card details.
Tips To Do Secure Online Shopping
▪️Research retailers online to make sure they’re legitimate.
▪️Make sure the website is secure.
▪️Know your rights and the company’s returns policy.
▪️Keep software and virus protection up-to-date and use strong passwords for online accounts.
▪️Don’t use public Wi-Fi. Your standard data connection is more secure.
▪️Pay using a credit card. You will have more protection. Alternatively, online services like PayPal mean scammers will not be able to get hold of your bank details.
▪️Be smart. If a deal looks too good to be true, it probably is.
Shopping online from the convenience of your own home is one of the miracles bestowed upon us by the internet. We can easily buy anything from our weekly groceries to our automobiles with just the click of a mouse. There are thousands of websites to go shopping on the internet, many with thousands more independent sellers. The majority of these are perfectly legitimate, but spotting the fraudulent ones takes a bit of research.
If you’re using a website you’ve not used before, search for them online to see if they have any negative feedback. For independent sellers on a website, you can check out their online reviews on a site like TrustPilot. Recently the e-commerce websites are also better known, and certainly more reliable, but it can be vulnerable to pharming attacks.