Tips to prevent theft of bank details when paying online

The most frequent cybercrime in Spain is cyber fraud, which, through different malicious practices, seeks to get hold of passwords or bank details of users.
Banking Trojans such as Trick bot, or malware that affects financial applications such as Alien Bot, represent some of the most important threats to online payments.
As part of “Cybersecurity Awareness Month”, PaynoPain provides information to help users prevent cyberattacks when paying online.
While online buying and selling continue to increase and technology advances, cybercriminals are the order of the day developing increasingly sophisticated hacking tools. Within the framework of “Cybersecurity Awareness Month”, PaynoPain, a Spanish technology company specializing in the development of online payment tools, provides information to help users and businesses prevent cyberattacks, fraud, or theft of bank data to the time to pay online.

Elaborated Through Examples

To give some examples, banking Trojans such as Trickbot, or malware that affects financial applications such as AlienBot, represent some of the most important threats to online payments. In addition, cybersecurity experts are warning about a situation that arises as a result of the pandemic and that they have been baptized as ‘mutant scams’, a digital transformation of crime that is here to stay.
Although one has not yet been a victim of any cybercrime, the truth is that they are becoming more common. The most frequent in Spain is cyber fraud, which manifests itself through different malicious practices to get hold of users’ passwords or bank details. According to the Criminality Statistical System (SEC), managed by the Ministry of the Interior, of the total number of cybercrimes reported in 2019, 88% correspond to online fraud. ??Over the most recent nine years, these kinds of grumblings have increased by nine, a vertical pattern that went on in 2020.
A review done by the European Commission keeps up that clients know about this issue, however, don’t have the foggiest idea of how to remain protected in the advanced climate. So, how do prevent scams and theft of bank details when paying online?

Paynopain brings together some practices that help avoid them


As Internet users, it is important to know that for a payment gateway to be secure, it must comply with the European Payment Services Directive (PSD2). To do this, installment frameworks should check the client’s personality through no less than two validation components, which can be: Something they have (like their cell phone), something they know (like a pin or a secret key), or something innate to the client (like their unique mark or facial acknowledgment).

Virtual cards

They are a decent elective that offers security to clients with less involvement with online buys. One of the primary benefits of a virtual pre-loaded card is that the assets have a cutoff. The client chooses the greatest accessible on the card. In addition, since it is not a physical card, the risk of loss or theft is reduced.
Advanced endorsement: When entering a site and making a buy, checking the security of the site is fundamental. To do this, we can check assuming there is a dim latch close to the URL, this is a computerized endorsement that confirms that it is a solid site.

Multiple contact information

It is key to control that there are several ways, between two or three different ones, to contact the business if necessary. For the most part, they are generally an email address and a contact phone number. Another way is to look for references from previous buyers in a search engine or social networks, not on the website itself.

Clear purchase conditions

Before making any purchase, it is advisable to review this information to avoid inconveniences. Especially, if we are going to share personal information, bank details, etc. We ought to be dubious when the buy conditions don’t show up on the web.

Secure passwords

Something that depends solely on the user is the choice of the personal password. It is vital to routinely utilize complex passwords and change them. In this way, we will be shielding our devices, without using the same password for all records. In addition, it is advisable to create strong passwords, apply mnemonic rules and expand the number of characters.

When in doubt, be wary

Something that may seem obvious. But is worth clarifying is that we should never send our written payment details by phone. Nor enter suspicious links that we receive by SMS. In these cases, it is generally better to be uncertain and resort to an authority source (bank or specialist organization). It can assist us with confirming the unwavering quality of the activity.
In this sense, PaynoPain develops solutions for companies. Such as its Pay lands payment gateway, or its change It wallet technology. In which the information and communication channels are encrypted. Along these lines, it is ensured that all information ventures are put away keeping the strictest security guidelines, assisting with forestalling noxious use.
In turn, from their different payment tools, they facilitate compliance with PSD2 through 3D Secure authentication or “secure payment”. Which prevents the use of stolen data to buy online. Since the cybercriminal will not be able to specify double identification at the same time. Time to confirm the payment.
“Everything that could be figured outed how to forestall stunts. As those dependable to further develop online piece instruments, is to teach clients. Both more seasoned grown-ups and youngsters purchase online without approaching satisfactory data about their security. On the street, we all know that we should protect our wallets. But when entering personal or banking information on the web. Many times we do it without thinking, automatically. That is why it is important to make the population aware of cybercrime. And also provide them with the knowledge that helps them identify possible dangers”, says Jordi Nebot.

Leave a Comment