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risk
Online shopping is the present day face of business. Many people use credit cards like Visa card and Master card for their online transactions, oblivious to the danger of the card. In fact, many people prayed for and still do every year to avoid credit card theft. As such, many online businesses are opting for prepaid virtual credit cards, which have been around for eleven years now. These virtual alternatives have long been considered safer for online purchases, but it seems that the more secure the cards become, the more theft syndicates are targeting without disappearing.
With everything being online, (even our social relationships), there is a risk of sharing one’s personal information across different sites. The biggest catch is with the social network. Small mistakes made by you can bother you later. For example, making all your personal information like your full date of birth and full description visible to everyone you socialize with is not only discouraged, but it’s also financially suicidal.
The other risk is with our address books and the little notes we write to remind us of our personal information. Occasionally, we try to include information regarding Virtual Credit Cards, primarily account numbers and passwords. If the paper or book in which it is written is lost, there can be serious consequences if this information falls into the wrong hands.
Many people believe that online banks are the same as regular banking institutions. As such, they go to the extent of transferring all their money to online bank accounts. Make this assumption at your own risk.
safety precautions
The first precaution is to keep your online accounts details as unique as possible. Of course you have to provide your correct details like name and bank account number but make sure it is not duplicated on many other websites especially social networks. Still on the same point, don’t make your personal details visible to everyone while using social network sites.
Forgetting is a very common abnormality among humans, but try to internalize the account numbers of your online bank account as much as possible. It is advised to deal with a provider of your choice to avoid confusing sign in information. Use address books for their intended purposes – not as contact information and vaults.
Last but not least, transfer all your money from your MasterCard or Visa card to your prepaid virtual credit card. It is not safe. Also an important fact to consider is to read the policy statement and agreement of the particular online bank of your choice before registering an account with them.
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