22.11.2023
There are several shopping campaigns taking place in November and during the Christmas period, which have also gained a great deal of popularity in Estonia in recent years. At the same time, the proliferation of fraud has also increased. LHV reminds you to pay special attention to security when shopping online.
According to Annika Goroško, Head of Retail Banking at LHV, there are a number of signs to look out for before you buy. For example, before you enter your bank card details on a website, it’s worth checking that you are dealing with an honest and trustworthy merchant. ‘A proper website will usually have a clear and understandable name, include a company overview with contact details and, in the case of e-shops, a comprehensive list of the terms and conditions and the buyer’s rights. Pay close attention to the types of payment options the merchant offers you – make sure they include common and secure payment methods such as PayPal, and EveryPay, and use these options to shop safely,’ recommends Goroško.
It is worth making sure that your bank card is linked to a secure card payment service. This means that online purchases made with a bank card have an extra layer of protection against possible card fraud: after entering your details in an e-shop, you need to log in to your Internet bank or use a security code sent by text message to your mobile phone for additional authentication. It’s also a good idea to keep your bank account limits as low as possible for security reasons – this way you can avoid transactions being made with your card should its details fall into the wrong hands.
Read more on the LHV blog.
LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,050 people. As at the end of October, LHV’s banking services are used by 411,000 clients, the pension funds managed by LHV have 124,000 active clients, and LHV Kindlustus protects a total of 161,000 clients. LHV Bank, a subsidiary of the Group, holds a banking licence in the UK and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.
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