Digital signature is a great method of authenticating the receipt of goods. It prevents the concealment of the true owner of the goods and thus saves time and effort. However, there is no guarantee that it will prevent the return of the goods. Moreover, there is no guarantee that the goods will be delivered as described.
Should one find that their digital signature has been tampered with, then they can complain to their credit card acquirer and have the transaction reversed. However, reverse transactions are extremely rare. It is more often than not a fraudulent transaction and the real owner will be charged again.
A reverse transaction is a fraud transaction. The acquirer of the goods will not receive payment for the goods until they are retrieved. They are kept until the dispute is made. Typically, buyers and sellers will agree on the location of the counterfeit store where the goods are to be sent. Unless the acquirer has some kind of agreement with the seller, then the seller is responsible for the payment.
A reverse transaction is more than just a simple chargeback. It can be a complicated matter where the buyer has to actually track down the seller through the numerous yellow pages and search for the right buyer. It can also be a dispute of dubious legitimacy. The buyer has to send a statement of account to the seller to prove that he/she indeed sent the goods.
Sellers simply will not do business with someone who is using a fake digital signature. An authentic seller will not charge extra for such service. Likewise, a buyer will not be given the time of day if he/she is dealing with a bogus seller.
The best way to protect yourself against digital signature fraud is to putfour corners’ worth of protection between your digital signature and every other hook, but let’s face it, phishers won’t be stopping anytime soon. So, here are some proactive measures to safeguard yourself.
Most internet accounts now have HTTPS or Hypertext Transfer Protocol Secure servers. Your account page will usually have a variation of HTTPS:// (Secure page URL).erning this, any data passed between you and the hosting server will be encrypted, which is needed for online fraud protection.
Filling in the forms at your website with your confidential information like your bank login, credit card transactions, and/or your customers’ names and addresses, will help prevent a phishing attack.
You can also use an online tool such ashttp://[email protected], which is an intermediate SSL Certificate, to sell your domain name with a digital signature proving your company is official and legitimate.
When your site is approved by a valid certification authority, you will receive a public key and a private key. The public key is transferred into what’s called a certificate signing request, which is a file that contains the details of the online company. The certification authority checks that the signature is valid and that it’s been registered by a person who is authorized to do so. If all the details are in order, the website receives a digital certificate.
When a customer enters your website and you display your digital certificate, you’re doing your part in making online transactions a secure affair.
Taking Action To Prevent Online Fraud
So how can you prevent online fraud if you have not installed a digital signature? Here are a few tips:
1. Keep all transaction records secure.
If you have a website and service, you may encounter customers who are less PayPal savvy. They may not have a great understanding of PayPal’s Terms and Conditions, so keep transaction files (especially those payments) secure. Threats to your business can come from both within your website and from without. Keep record of all payments made.
2. Threats to your business can come from both within your website and from without.
If you have ever had someone trying to hack into your website, they already have at least a basic understanding of how security works on the Internet. They already know that most sites are unprotected. They may not be aware, but they have all the essential information to hack into your website and launch malicious attacks.
3. Install appropriate antivirus software and keep it updated.
Many Website Security Software choices are limited, but there are a few that include great features like integrated web protection, file sharing, and anti spyware. They are all a good buy, but it’s best to start with one of the better choices.
Once you’ve installed your software, schedule regular scans with the software. This will help ensure that malware is removed and that your site and other files remain safe. You can schedule scans with most software, or you can do it manually. Every day, or every week, you should scan your entire website. That includes your admin area, where you should scan all payment and checkout forms, as well as all illegal download pages.
4. Add a security warning page.