Featured post

Nigeria’s problem: who is to blame?

By Oladele Oguntimehin Nigeria is faced with so many challenges from various segment of the society. Nevertheless, it is difficu...

Wednesday, 27 July 2016

Online Payment in Nigeria: Is it really Safe and Secure?



Nigeria is witnessing a new standard in banking and online marketing with virtually all banks in Nigeria making online transaction easily assessable for their clients. The service open door for online purchase (airtime, goods and services) via your bank ATM card, be it MasterCard, verve or visa card.


One of the great importances of these services among others is that, it connects Nigeria through World Wide Web to the rest of the world and makes it easy for Nigerians to transact business both locally and internationally.

How secure is online payment in Nigeria

In today world even if a system is confirm to be safe, Scammers and online fraudsters are always devising new ways of carrying out their nefarious activities and develop a new way of penetrating into such a system. Some of the possible ways via which these fraudsters can rob you online will be highlighted below.

Through ATM card theft

In online transaction no platform will asks for your secret code when making payment but will only ask for the last set of numbers on your ATM card. Scammers are on the lookout of getting your ATM cards which will grant them easy access in making any transaction using your details.
 

Though Phone theft

As banks do not ask for secret pin before airtime can be purchase from your bank account, it opens door for fraudsters to steal your phone and transfer all the money in your bank account to your phone as airtime and transfer same to his/her bank account, most especially if you are the type that links your phone number with your bank account.

Through Phishing emails

This is a special kind of mail in which the source is never reliable. In most cases you will be asked to click on a link and provide certain information and if that is done it will only reveal every personal detail you might have stored in your mailbox, including your email password, credit/debit card details and financial transaction information.

Conclusion

Any site that insists on getting your financial details should be avoided if you find such site unreliable and Never shop on a site if you are not sure of how secured that site is.

No comments:

Post a Comment