November 3, 2010

Is Your Money Safe Online?

It is important to keep your hard-earned money safe.

The Internet allows you to make life easy and get better rates. It also adds new risks. While online banking is considered safer than traditional paper-based banking, you need to know what the threats are.

The internet is a convenient place to buy almost anything. Unfortunately, if someone gets hold of your credit or debit card details, they may try to use them to shop online fraudulently.

That's why MasterCard and Visa have developed MasterCard SecureCode and Verified by Visa secure services that offer you much greater protection when shopping online.

Verified by Visa and MasterCard SecureCode both work in the same way - by using personal passwords, used by the consumer, to add an extra layer of protection when you buy online in retailer outlets.
Where can I shop?

You can shop anywhere online. Signing up does not in any way restrict your ability to use your card to make purchases online, whether or not the website you are shopping at is currently participating in the service or not. It simply means that when you buy from a retailer that is participating, you benefit from that extra level of security. The number of online retailers registered with these services is growing all the time.


Internet frauds are increasing these days .There are many examples of E Commerce failures.Most of these were due to security loop hole.But If you are aware of the actual reasons of fraud then you can be safe.People should never disclose there secure information

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