Four tips for transacting safely online this Black Friday

It’s virtually that point of the yr once more, people. When South Africa falls sufferer to Black Friday mania and buyers rush to shops (we hope not) to seize the very best offers first.

You would possibly recall that a number of banks fell sufferer to a cyber-attack throughout Black Friday 2019, which triggered prospects to expertise delays and points with transactions.

A “ransom note” was delivered through e mail to South African banks in what was described as a “multi-jurisdictional attack”, that means that a number of nations have been focused. But there are different risks to contemplate as nicely.

It’s protected to imagine that the majority of procuring this yr will happen online. While your possibilities of getting COVID-19 is considerably smaller, there’s one other set of dangers you have to be involved about.

Black Friday 2020 security considerations

COVID-19 considerations

If you intend to move to the brick-n-mortar shops, retailers and companies must implement social distancing protocols whereas additionally dealing with the inflow of consumers.

PayJustNow CEO Craig Newborn explains that Black Friday is the “best time of the year for consumer” to purchase all these issues we’ve been dreaming of all yr. However, Newborn warns:

“I get shivers thinking about how dangerous it is going to be thrust amongst hordes of shoppers desperate to get their hands on their prize”.

Online procuring and Instant EFT

There are a number of safety measures in place to guard you when making immediate EFT funds whereas procuring online, and you have to be conscious of those measures, in addition to their limits.

Jason Viljoen, Head of FNB Digital Payments, spoke to iAfrica earlier this yr and defined why South African customers should be cautious when utilizing third-party online fee platforms.

“We encourage customers to enjoy the convenience of online purchases, but to be equally as cautious about the services they choose for digital payments. We remain committed to providing our customers with efficient and safe payment solutions while protecting them against being vulnerable to fraud. The recent announcement of our imminent innovative virtual card capability further highlights this commitment”.

1. Two-factor authentication

An immediate EFT supplier may even entry your financial institution through the web site in the identical means you usually would. It ought to subsequently inherit the safety measures from the positioning.

With this in thoughts, the ultimate step within the fee will at all times be the safe two-factor authentication.

Should you not obtain a notification to confirm the transaction through OTP, USSD or OTP in-app approval your account could have been compromised, and you need to contact your financial institution instantly.

2. CI DSS compliance stamp

The web site ought to show the PCI DSS (Payment Card Industry Data Security Standard) compliance stamp. This stamp applies to any firm which accepts bank card funds.

It assures prospects that the fee processor is storing the information securely on a PCI compliant host. The firm must be utilising industry-accepted requirements and procedures when coping with your private info.

3. EV SSL certificates

The web site also needs to have an EV SSL certificates. This is principally a sign of the extent of safety on the positioning. Check for the inexperienced lock subsequent to the URL and that the URL itself is inexperienced earlier than making fee.

Before initiating fee, look for a disclaimer from the fee supplier explaining their position in facilitating the fee. It also needs to embrace how your info is being protected.

4. Thawte certification

The subsequent factor to look for is the Thawte certificates. The Thawte certificates is actually a sign that you simply’re visiting a protected web site utilizing a authentic SSL certificates.

Be looking out for this stamp and that the date displays the present date earlier than continuing with fee. Also, click on the stamp to confirm that the certificates is legitimate.

Also learn: Africa is underneath cyber assault — Here’s why we’d like extra consciousness and coaching


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