What are the risks of using unsecured payment platforms for online transactions?

Using unsecured payment platforms for online transactions can expose you to various risks, such as:

1. Fraud: Unsecured platforms are more prone to fraudulent activities where your personal and financial information can be compromised.

2. Identity Theft: Hackers can potentially steal your identity by gaining access to your payment details through unsecured platforms.

3. Data Breaches: Unsecured platforms are vulnerable to data breaches, leading to exposure of sensitive information to cybercriminals.

4. Unauthorized Transactions: Without proper security measures, there is a risk of unauthorized transactions being made from your account.

To ensure secure payments online, you can take the following measures:

1. Use Secure Websites: Ensure that the website uses encryption (look for “https://” in the URL) to secure your transactions.

2. Strong Passwords: Use unique and strong passwords for your accounts and avoid using the same password for different platforms.

3. Two-Factor Authentication: Enable two-factor authentication whenever possible to add an extra layer of security.

4. Regularly Monitor Your Accounts: Keep track of your online transactions and immediately report any suspicious activity to your financial institution.

5. Avoid Public Wi-Fi: Refrain from making online payments when connected to public Wi-Fi networks as they are less secure.

6. Update Software: Ensure that your devices and payment apps are regularly updated to patch any security vulnerabilities.

7. Use Trusted Payment Methods: Stick to reputable and secure payment methods when making