Online banking is becoming more and more important, and so does its security. Here are some tips to have in mind for safer online banking:
- Create strong passwords
All online banking accounts require you to have a password, and sometimes a username as well. When creating the password make sure that you use a few characters, a mix of low and upper-case alphabets and numbers.
The more critical the password, the better because the easiest way to get in to your account is through guessing an easy password. Do not use any phrases or your name, you family members’ names or friends’ names. Keep changing your password every few months. The security of the password is very important as the account is connected to your debit card or credit card.
- Secure your computer
Security systems are quite common these days and they help you by providing your computer with protection against viruses and theft.
In order to get the best results, keep updating the software. As new features come in, they provide better security for you.
- Avoid clicking through emails
Remember that NO banking service ask for your password and username through e-mails. If you have received any such e-mail, report it immediately to the concerned bank.
An even better option would be to flag such e-mails as ‘spam’.
Some e-mails also contain links to other websites. To lure people into clicking it, the e-mails may contain warnings or special offers. These links lead you to phishing sites and hence put you in danger. When you receive any such e-mail, firstly check the e-mail address. If the e-mail is not from the regular e-mail address that your bank uses, better ‘spam’ it.
Such cases are also applicable for phone calls. No bank will ask for your personal details or passwords over the phone.
- Always log out
Even though some banks take the precautions like logging you out after a certain point of time of inactivity, it is always safer to log yourself out of the account before you close the window.
It only takes a second to log out but it will save you from a huge loss. You can try to clear your cache history.
- Monitor your accounts regularly
Monitoring your account on a regular basis will inform you if your account has been used by anyone else other than you and if any transactions have been made. Online banking allows you to check your account whenever you want. In this way you can keep a close eye on your account.
If you encounter any unauthorized transaction, report it to the bank right away.
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