With more and more of consumers across the world purchasing online goods and services, online trading has become a big business these days. Trading online has many significant benefits. Its simplicity, immediate access has made it easier for traders to work on their portfolio.

According to the collaborative study published by the OC&C Strategy Consultants, PayPal and Google, the online retail markets will double to £645 billion by 2018.

Nonetheless, with the emerging cyber threats and bugs, ignoring cyber security can cost one dearly. In simple terms, many predators and identity thieves can turn a simple online trading account into a gateway to ruin your life and your financial future? Keeping such things in mind, we have put together a few common ways to help you out to trade safely online. Let’s have a look-

Phishing scams are commonly fraudulent email messages appearing to come from legitimate enterprises such as a bank, university, internet provider, etc. They usually direct you to a spoofed website or to steal your valuable information such as password, credit card, and other account details. The perpetrators then use your private information to commit identity theft.

Quick Tips

Look for the address of the website. A secure website starts with a padlock and an https.

Never provide your sensitive information to anyone.

Check your emails carefully, senders name, etc.

Anti-spyware should be installed on your device to prevent phishing attacks.

Keep your operating system updated on a regular basis.

Communication through emails is not always secure. Cyber hackers can probably hack into email accounts and send emails to unsuspecting buyers requesting a payment through false wire bank information.

Quick Tips

Check emails carefully, senders name, etc.

Make sure to use 2-step verification facilitated by email platforms like Google and Microsoft.

Before making any payment, call the seller to confirm and verify their banking details.

Smarter Trading

Some of the best practices to trade safe and secure are as follows-

Before trading with anyone, check the trader’s details such as member directory and much more. Know who you are trading with for safety and security.

Keep a double-check on the bank and shipping details before making a payment or shipping an order.

Trading through emails is not that safe. Therefore, it is advisable to confirm the phone number via shipping goods or wiring money.

Beware of the buyers and sellers using email accounts such as Gmail, Yahoo or Hotmail. Such emails are easy to hack by anyone. Therefore, stay safe and secure beforehand.

Apart from the above-mentioned tips, one of the important key step is to run the best antivirus software on your smart device to provide protection against malicious intruders and other vulnerabilities.

If you suspect deceit, hit Delete!