Online Fraud – How to Recognise and Avoid It
Two male coworkers at a laptop

Although offering you the ultimate in convenience, the internet can also be a dangerous place. This is especially true if you are not aware of the many different faces of online fraud. You can become a victim of fraud when you make a payment online without checking whether or not the website uses a secure payment gateway, when you reply to an email sent from a scam artist, and even if you play a ‘foreign’ lottery.

Know the Signs

The chances are that you are dealing with a scammer if:

  • You are ever asked to wire through any money for a variety of reasons.
  • You are ever asked for your personal or banking details – it is a fact that reputable companies will never ask you for this information via email or over the phone.
  • The website that you are thinking about buying from does not use a secure payment gateway. You can tell that the payment gateway is secure by the ‘3D Secure’ logo or if the website URL starts with ‘https’ instead of ‘http’.
  • You are asked to send through a certain amount of money for ‘tax purposes’ when playing a foreign lottery.

How to Avoid Becoming a Victim

The first and most important rule of thumb is to always ensure that you keep your banking details a secret. Never disclose this information to anyone. If you receive an email from an unknown source, no matter how convincing the reason for ‘needing’ your bank details may be, do not reply. This is true even if the email seems to have been sent from a reputable source – such as a well-known company or brand. Also, be very careful about opening any attachments that have been forwarded to you from an unknown sender. If you open these attachments, they might contain viruses and malware that could wreak havoc on your computer and potentially provide the scam artists with your important, personal details.

Many people are of the belief that online fraud only happens to ‘stupid’ people who willingly give out their banking information. However, this is simply not the case. You can also become a victim simply by shopping online at the wrong places. When you wish to make a payment online, only ever do so when you are 100% sure that the website that you are dealing with has gone that extra mile in order to ensure secure payments for customers. The unique payment gateway that the website uses could mean the difference between making a safe payment and allowing a third party to get hold of your details!

Pay U is known for being the most reliable payment gateway in South Africa, providing online shoppers with the utmost in security. Pay U also provides online merchants with all that they need in order to protect their customers and ensure that their online store is a reputable one. If you would like more information, contact us today