Are you considering applying for credit online? What about the security of your data? Can this data be intercepted, or used for other purposes than to process your request? A quick overview of the precautions to take before making an online request.
Sending your data
When applying for credit online, you usually have to complete a form. This includes basic questions (surname, first name, contact information), but also generally more confidential information such as your income, your profession, date of birth, etc. When you submit these forms online, the data is then sent to the credit organization in charge of the site where you make the request.
There is a risk that the data sent will be intercepted, for example following a security breach of the site in question, or a hacking. Your confidential information may therefore end up in the hands of malicious people. The risk is to see this data used for:
- Usurp your identity: for example by creating a fake account on a social network.
- Hack your accounts: provided with certain confidential information (date of birth, employer, etc.), hackers will find it easier to hack your accounts (email, social networks, but also accounts linked to credit cards, for example) or by guessing your password, either by pretending to be you.
If the risk is fortunately relatively low, it is unfortunately not nonexistent, and the damage can quickly be very important! To overcome this data security problem, more and more websites are resorting to a security measure by installing a security certificate.
How to ensure the security of your data?
If you apply for credit online (or more generally when you fill out a form on a website), there is a simple way to check if the site has a security certificate. If the site address begins with http s: //, then the site you are browsing on is secured by an SSL certificate. An SSL certificate installed on a website ensures that communication between your browser and the owner of the site (the organization offering online credit) will not be intercepted by third parties!
If websites are more and more endowed with this kind of certificates, browsers are also starting to make Internet users aware of the security (or non-security) of a website.
Some examples of secure sites
Today, there are many credit agencies offering to apply for credit online via a secure website, for example:
- Powercredit, which offers a two-step form for applying for credit online.
- Credit Hope, which offers not only an online credit application form, but also the possibility of assessing the feasibility of the loan according to your situation.
- Yesmax Credit: offering SMEs to directly apply for credit online. This secure solution is therefore aimed at SMEs, companies and freelancers, who have every interest in ensuring the confidentiality of the data transmitted.
Another problem: the use of data
In addition to the problem of possible interception of data on non-secure sites, the problem of the use of data is also present. How do you know where your personal data will be used? Will these only be analyzed in the credit application process, or are they at risk of being passed on to third parties? To ensure the acceptable use of your data, it is therefore better to consult the disclaimer / conditions of use of the website on which you make your credit request:
- In particular, check the presence of a data protection clause
In any case, if the site does not have conditions of use or disclaimer, it is better to be wary, and maybe look for a solution elsewhere!