Online banking is a new trend in the banking world. It gives you the ability to manage all your banking money transactions with your computer or mobile device. You don’t have to visit the bank; you can do all that you need to do when it’s most convenient for you.
From the daily accessibility to the remote check for deposits, there’re many perks in the online banking system. It’s no surprise that many people do their banking transactions online.
With some many people relying on online management for their money, threats have risen. Malware, fraudsters, and hackers are waiting to steal your password and rip you of all your cash. Here are tips to help you with online banking security to ensure a safe environment.
Avoid Public Wi-Fi
The world is changing, and everything is going online. This has brought an increased number of public Wi-Fi. Though the networks are easily accessible, you can never trust their security. Most of the public Wi-Fi networks are often not encrypted making it easier for hackers to steal information from unsuspecting online users.
Two Factor Authentications
This is an extra layer of security that requires not only the username or password but something else that the user has on them. Many banks offer this extra layer to protect the account holders. This extra verification credential is normally real time for you to access your account. If anyone tries to login to your account, the bank system will send a unique code in form of text which must be entered in the bank’s website along with the username and password.
Use Sites with https in the Address
(HTTPS – Hypertext Transfer Protocol Secure) Encrypted sites convert your data into unreadable information before sending it. This keeps your private data safe online. You can check if your bank’s website already has the encryption by checking for a padlock symbol in the address bar and “https” letters at the beginning of the web address.
Disable Automatic Login
It’s essential to have an automatic login but to matters concerning your money, disable that feature in your browser. Don’t allow your browser to store private information, username, and password, for your online banking website.
Create a Strong Password
A strong password usually incorporates numbers, symbols, lowercase, and uppercase letters. Always update your password regularly and avoid using the same password for another app or website.
Beware OF Text and Email Scams
Your bank will never email you and ask for your personal information and account details. By chance, you receive an email, text or call asking for your personal information, do yourself a favor, don’t respond! Instead, call the bank’s customer care service line and inform them of the message you received.
Use The Bank’s Mobile App
The bank’s encrypted mobile app might be more secure than the bank’s website. An app is less susceptible to dangers that are a menace to the web. Always download the latest bank updates to ensure the app is armed with the newest security credentials. With Android phones, download the app from the Google Play Store and not any other site.
With the development and growth of technology, threats are on the rise thou you don’t have to fall victim. With these tips in mind, you can rest easy knowing you’ve a guaranteed online banking security experience.