Digital Payments - Safety And Security
Digital Payments - Safety And Security
1. Regularly check your financial statements:
A lot of consumers fail at the most basic security measure for digital payments, which is to check your statements. If you do this regularly, you’ll spot any inconsistencies.
2. Turn on two-factor authentication:
With hacking attacks on the rise, consumers should turn on SMS-based two-factor authentication to protect account takeovers that can lead to payment fraud. Even if a user’s original password is leaked or stolen, only the user receives the one-time password code via SMS that’s needed to log in to a digital payment app or site. This measure protects accounts from unauthorized access.
3. Verify your payment recipient:
One simple but crucial operational security measure that everyone needs to practice with digital payments is recipient verification. Many digital payment systems lack the checks and balances we’re used to with more traditional payments. If you send money to the wrong address/person it can be lost forever. Try having the recipient send you a request for payment to ensure this doesn’t happen to you.
4. Have a dedicated payment method for online transactions:
The best security measure is to keep a tab on what transactions you have conducted. To do this easily, use only one credit card or payment method for all online transactions, and do not use that card or payment method for anything else. Make sure you have fraud insurance on that card and check your statements against the online shopping you have done. You can then find irregularities easily.
5. Use biometric authentication when possible:
Ensure a secure authentication method is chosen. If the authentication method is based solely on convenience, then it’s likely convenient to thieves too (e.g., not requiring a pin for credit card transactions). Use a biometric when possible, as this authentication method requires something unique to each person and reduces the chances of stolen credit cards or phones being useful to thieves.
Students / Parents Reviews [10]
I have spent a wonderful time in Abhyas academy. It has made my reasoning more apt, English more stronger and Maths an interesting subject for me. It has given me a habbit of self studying
Yatharthi Sharma
10thAbout Abhyas metholodology the teachers are very nice and hardworking toward students.The Centre Head Mrs Anu Sethi is also a brilliant teacher.Abhyas has taught me how to overcome problems and has always taken my doubts and suppoeted me.
Shreya Shrivastava
8thIt was good as the experience because as we had come here we had been improved in a such envirnment created here.Extra is taught which is beneficial for future.
Eshan Arora
8thIt has a great methodology. Students here can get analysis to their test quickly.We can learn easily through PPTs and the testing methods are good. We know that where we have to practice
Barkha Arora
10thAbhyas is a complete education Institute. Here extreme care is taken by teacher with the help of regular exam. Extra classes also conducted by the institute, if the student is weak.
Om Umang
10thBeing a parent, I saw my daughter improvement in her studies by seeing a good result in all day to day compititive exam TMO, NSO, IEO etc and as well as studies. I have got a fruitful result from my daughter.
Prisha Gupta
8thAbhyas Methodology is very good. It is based on according to student and each child manages accordingly to its properly. Methodology has improved the abilities of students to shine them in future.
Manish Kumar
10thOne of the best institutes to develope a child interest in studies.Provides SST and English knowledge also unlike other institutes. Teachers are co operative and friendly online tests andPPT develope practical knowledge also.
Aman Kumar Shrivastava
10thA marvelous experience with Abhyas. I am glad to share that my ward has achieved more than enough at the Ambala ABHYAS centre. Years have passed on and more and more he has gained. May the centre flourish and develop day by day by the grace of God.
Archit Segal
7thIt was a good experience with Abhyas Academy. I even faced problems in starting but slowly and steadily overcomed. Especially reasoning classes helped me a lot.
