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Phishing and the Different Online Transactions

  1. Shopping carts
    Some shopping cart scripts and templates could be inserted with phishing programs that could transmit information back to the site that created them. If you are a Webmaster, don't just download pre crafted programs to run in your website. If you have to do so, make sure you get it from a very trusted source. Never download website programming scripts that asks for sensitive information, especially if you don't understand them at all. On the other hand, if you are the online shopper, be sure to check out the site address that your every click leads you. Know right away whether you are redirected somewhere else suspicious.
  2. Balance Inquiry
    The mere checking of your account's outstanding balance is susceptible to phishing. Keep in mind that very important information like a password is all a hacker needs to dig in more about your account data. So if you want to check your balance online, make sure you are at the right place at all times. If anything has changed with the interface of what your bank's website, verify it with them before proceeding with any transaction.
  3. Fund Transfers
    Fund transfers are basically accessed in the same way as a balance inquiry system. But usually, this transaction is facilitated in an entirely different page. So even though you are definitely sure that you are in your bank's website, always double check the name of the page where it needs your account information. You never know when a phishing program has crept into your system.
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Phishing have negative effects on companies and phishing scams don't help online businesses at all. The people behind these activities put a taint in what should have been a very flourishing industry. And so as a response, all Internet financial companies and related websites joined hands in combating criminal phishing.

PayPal, a reputable online payment company, had taken all measures to ensure that online transactions conducted through them are free from any types of phishing activities. They left no stone unturned and went full force to combat it. And they do it mainly because research had shown that PayPal, as well as E-bay, were the favorite marks of phishing attempts.

You maybe asking, why is PayPal an easy target for phishing? It is because sending and receiving funds through PayPal is relatively easy once the account is all verified. A person just needs to know account email address, which owners openly give out anyway. The corresponding PayPal password for it is also needed, and that is where the real phishing job comes in.

On the other hand, E-bay is a free marketplace where everybody can buy and sell goods. Some dishonest people setup bogus accounts and sell non-existent products just to attract potential buyers. But their main purpose is to acquire their credit card details. And so to thwart these activities, PayPal gone phishing and they had started it by strengthening their site's encryption level. They are also and constantly informing and educating their members about all known counterfeit activities over the Internet.

With all these said, the answer to the ultimate question "What is phishing?" should have been answered by now. And to do your fair share of stopping the people behind this deceitful act, be sure to report phishing operations and attempts to the right people. If everybody does just that, the Internet will soon be clear of phishing.
Related Articles
What Is A Credit Card Merchant Account And How To Open One?
What Is Paypal And Is It Safe To Use Paypal To Accept Payments?
What Is An Electronic Payment And Which Are The Services Other Than Paypal That Allows You To Accept Electronic Money?
What is ACH or Automated Clearing House?
What Are Turnkey Ecommerce Solutions And What Do They Comprise of?
Ways Of Tackling The Phishing Threat In Transaction Processing

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