Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Protecting your personal information online

Protecting your personal information online this Connect Smart Week

New Zealand – 11 October, 2016:


As Connect Smart Week 2016 kicks off, Mastercard notes that it isan important time for New Zealanders to think about their online security, particularly when banking and shopping online.

Online banking and shopping is now a norm for Kiwis, with a recent Mastercard survey finding 66% of New Zealanders regularly shop online.

“The onset of new technology continues to transform the way we shop, bank, and interact online – but as usage surges there is increased risk, as cyber criminals are attracted to where the people are. Connect Smart Week is a great opportunity for Kiwis to think about keeping vigilant online,” says Peter Chisnall, Country Manager for Mastercard New Zealand and Pacific Islands.

“The key to keeping your information safe lies in taking simple safety precautions – making your online experiences a lot easier, and keeping your information locked away.”

Simple steps like creating strong passwords can make a difference, but as passwords become more varied and complex, it’s easier to result in forgotten passwords.

A recent Mastercard survey found 53% of shoppers forget a crucial password more than once a week, and Mastercard is working to develop technology to make online purchases easier, convenient and safer.

Fingerprint, face, and eye scanner technologies from Mastercard’s innovation pipeline may in future supersede the use of passwords.

Mastercard Identity Check Mobile, a new payment technology application that uses biometrics like fingerprints or facial recognition to verify a cardholder’s identity, was recently launched in Europe following successful trials in Canada, the Netherlands and United States. The place of specific number and letter passwords, Mastercard Identity Check Mobile verifies your identity using the fingerprint scanner on your smartphone or via facial recognition technology by taking a “selfie” photo.

Mastercard is also investigating electrocardiograms, which monitor individual’s unique heartrate pattern and which could soon be read through an electronic wristband, and then used as verification to access accounts.

“While some of these advances are only a few short years away, in the meantime using common sense and sticking to simple rules is the smartest way to keep your accounts under control. Follow your instincts when online. If a site looks suspicious, it probably is, and the same goes for unusual account activity. The Connect Smart website also has some great tips for keeping secure online,” adds Chisnall.

Mastercard’s top tips for safer online shopping:
1. Monitor your account activity. Make regular activity check-ups part of your routine. This will help keep you aware and on top of any possible threats or suspicious activity in your account.

2. Be smart with your passwords. Use a good combination of letters, numbers and symbols. This doesn’t have to be complicated – it can be a simple and memorable sequence.

3. Check for the padlock. A good rule of thumb for any online sites involving your money is to check for “https” and a green padlock symbol by the URL. This indicates your account is secure. Try to stick to legitimate websites that are familiar to you, or others you know, when shopping online or making online charity donations.

4. Let your bank know. If you do notice suspicious activity on your account, or are aware of identity theft, the best thing to do is leave it to the experts. Notify your bank immediately, and they’ll track down the issue and work to sort it out.

5. Know you’re protected. If you feel information has been compromised, Mastercard users can feel confident that with Zero Liability[1] it is much easier to get back money spent fraudulently from a card than cash.


[1] Mastercard’s Zero Liability protection means cardholders are covered from the costs of unauthorised transactions. For more, visithttp://www.mastercard.com/nz/consumer/zero-liability.html

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: Auckland Population May Hit 2 Million In Early 2030s

Auckland’s population may rise from about 1.7 million currently to 2 million by early next decade, Stats NZ said today. “Auckland will likely have the highest average annual growth of New Zealand’s 16 regions over the next 30 years, from ... More>>

Air New Zealand: Business Travellers Return To The Skies In Record Numbers

After a year of talking to a computer, Kiwis are leaving the office to re-connect with their clients, suppliers, and staff. New figures released by Air New Zealand show domestic business and corporate travel has defied global trends by returning ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>

LPG Association: Renewable LPG Achieves Emissions Budgets With No Need To Ban New LPG Connections

Renewable LPG can supply New Zealand’s LPG needs and achieve the emissions reductions proposed by the Climate Commission without the need to ban new connections, a new study shows. The investigation, by leading consultancy Worley, was prepared for the ... More>>

Commerce: House Values Continue To Climb As New Government Measures Announced

The Government’s new initiatives to quell the rocketing housing market were announced last week, just as house prices hit a new high for the end of March. The average value increased 7.8% nationally over the past three-month period, up from the 6.8% ... More>>