Protect Credit Card Information Online

Posted on Tuesday, October 29th, 2024 | By IndusInd Bank

While credit cards have become increasingly common in the last few years, they have also become prone to fraud and scams. With the rise of digital payments, the scope of credit card fraud has only risen. Scammers use various mediums, such as instant messaging apps, emails, social media, online shopping platforms, and so on to target and defraud credit card holders. 

Hence, in such an environment, it is important to protect your credit card information and ensure its digital safety. Failure to do so can lead to unauthorised transactions and financial loss. With that in mind, let’s see the various aspects involved in protecting your credit card online. 

Ways in Which Your Credit Card Information is at Risk

Prevention is better than cure. But to prevent credit card fraud, one must know how the fraud can occur. 

1. Phishing Scams

With phishing, you get an email or a text which looks like it could be sent from a legitimate source, like your bank. However, such emails are sent by scammers, requesting you to share your credit card information online. By sharing your information, you could potentially lose your private financial details.

2. Data Breaches

This can occur when hackers force their way into the databases of financial institutions or e-commerce sites. If your confidential data is leaked or breached this way, your credit card information can fall into the wrong hands. Such breaches can affect millions of customers at once.

3. Skimming Devices

Scammers use skimming devices attached to ATMs or payment terminals to copy your card details. Once cloned, the information can be used for unauthorised online transactions.

4. Unsecured Websites

When making online purchases, you may enter your credit card information online on the website’s payment gateway. If the site is unsecured (e.g. without HTTPS in the URL), it can put your data at risk. Such unsecured websites do not have advanced encryption systems, which makes it easier for hackers to steal your data.

Along with the above, you should also be aware of malware and spyware systems for your credit card protection.

How to Protect Your Credit Card Information Online?

Here are some steps you can take to strengthen your credit card protection:

1. Use Strong Passwords and Enable Two-Factor Authentication

Always use strong, unique passwords for online transactions. Also, enable two-factor authentication (2FA) wherever possible. It will add an extra layer of security by requiring a second form of verification.

2. Shop Only on Secure Websites

Before entering your credit card information online, ensure the website has a secure connection. Look for ‘https://’ at the beginning of the URL and a padlock symbol next to it.

3. Check Your Credit Card Statements

Keep a check on your card statements to check for any unauthorised transactions. The sooner you report to the bank, the better.

4. Use Virtual Credit Cards for Online Transactions

Some banks and credit card issuers offer virtual credit cards for online transactions. These are temporary card numbers, which you can use for a single transaction. These cards can protect your real credit card information from being exposed.

5. Use Reliable Antivirus and Anti-Malware Software

Protect your credit card details and devices by installing antivirus and anti-malware software from reliable brands only. These tools help detect and remove malicious software to ensure you have a safe digital experience.

6. Avoid Storing Credit Card Details on Websites

It might be convenient to save your credit card information on websites you visit often. However, it is safer not to store these details. In case of a data breach, hackers can access your stored card information.

Also Read: Credit Card Transaction Failed- Money Debited? Here’s What to Do

IndusInd Bank’s Total Protect Program: Secure Your Credit Card Information

• IndusInd Bank cares about the financial safety of its credit cardholders. This is why the Bank offers the Total Protect program.

• The program safeguards against both fraudulent and unauthorised transactions in case of loss/theft of your card. It offers protection for up to 48 hours before you report the loss of your card.

• By offering these services, IndusInd Bank ensures that your credit card information is secure. This allows you to transact with confidence, without fear of fraud or theft.

Conclusion

It is more important than ever to protect your credit card information online in today’s digital world. With cyber threats and scams on the rise, being proactive in protecting your credit card information is the first step to staying safe. IndusInd Bank’s Total Protect program offers card holders’ peace of mind with extensive credit card protection.  

Stay protected and shop with peace of mind with IndusInd Bank’s Total Protect-enabled Credit Card range. Also, enjoy high reward points, exclusive lifestyle benefits, complimentary airport lounge access, movie tickets, and more.

Apply Now for a Credit Card with IndusInd Bank today!

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.