Online Banking Safety – How You Can Be Extra Sure

Over the years, the popularity of online banking has surged as it brings transactions to your fingertips. The pandemic has acted as a catalyst as even people who were apprehensive before switched to it. But there’s always a lurking fear of a hacking attack on the banking site and application.

Additionally, you cannot ignore worries about an unscrupulous person getting access to your account and emptying it in minutes. Real-world incidents fuel the fear, so it makes sense to go the extra mile with safety. Thankfully, you can take some simple steps to safeguard your account. Let us share them with you. 

Confirm the legitimacy of the site

Confirm the legitimacy of the site
Confirm the legitimacy of the site

If you use a banking site for transactions, confirm its legitimacy first. Although chances are rare, you may get spam mail from a fraudulent source to share your details. It is the last thing you should do, no matter how real things appear. The best way to ensure the legitimacy of the site or link is to verify with the bank. Check URLs carefully and pay attention to visual cues on the site before transacting. Just being a little extra conscious can save you from big trouble. 

Find facts about the bank’s security system

As a customer, you need to find facts about your bank’s security system to understand you can rely on it enough. Ask how it will encrypt your private information. Check the website for SSL because it is assurance that transactions are secure. The online banking system should provide features like PINs and passwords and two-factor authentication for extra security. If you are sure that they are following rules, go ahead without second thoughts.  

Safeguard your computer

It is crucial to take relevant safety measures at your end too. Start by safeguarding your computer or the device you use for net banking. You must know how to get rid of bing redirect virus and all other kinds of malware. They expose your device to hacking attacks and risk the account. Installing anti-virus software is a good idea if you want to transact online regularly. Be careful about physical security and never leave the device unattended during a transaction.  

Set up strong PINs and passwords

Safeguard your computer
Set up strong PINs and passwords

This one is a no-brainer because the bank lets you choose PINs and passwords to secure your account. You must use the privilege to safeguard it properly. Avoid using easily identifiable ones such as your birthday, kids’ names, pets’ names, and more. Follow the rules for creating strong passwords. Never share them with anyone and change them once every few months. 

Consider using a VPN

Using a Virtual Private Network is an excellent measure if you want to be extra cautious about banking transactions online. A VPN facilitates strong control over your personal and financial information as you share it over the internet. Hackers look to steal data over open networks, and you will never know how they did it. With VPN, you never need to worry about such breaches.

Online banking can be as secure as you can make it. Just follow these tips, and you can transact without stress.

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Samuel
Samuel Jimhttps://foxstate.co/
Samuel Jim Nnamdi is the CTO of Foxstate, a platform that powers digital infrastructures for Real estate financing globally. He has over 8 years of Software Engineering and CyberSecurity expertise.

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