However just like everything with an advantage, online banking has numerous disadvantages which are centered on security risks. The incidence of theft and People’s cards compromised or manipulated keeps springing up all the time.
Please follow these tips and you can minimize the security risks associated with online banking and keep your money safe:
2. Create a strong password
If your bankrequires a password that is generated by the user, in order to access onlineaccounts ensure you choose a very strong password. You may achieve this by using a password thatis random, long and a mix of upper and lower case letters, numbers, and specialcharacters.
Remember don’t ever create a password that contains your name, initials,or your date of birth. If your bank allows it, change your password every fewmonths. Just make sure it is a password you will never forget.
3. Choose Your Security Question and Answer Wisely
When you are setting up your online bankingaccount, if your bank asks you to provide answers to some standard securityquestions remember that the answer you give doesn’t have to be the correctanswer which can be easily guessed. This is similar to a password and you needto keep it protected. If you are one who is easily predictable, now is the besttime to break the cycle. Pick an unusual security question and at the same timean unusual answer.
4. Ensure You Log out Always When You Are Done
Please be advisedto always log out after every online banking session. It is a securityconscious habit that will reduce the chances of a user to falling prey tosession hijacking and cross-site scripting exploits.
You may take this further by initiating the precaution of privatebrowsing on your computer or smart phone, and customize the setting of yourbrowser to clear its cache at the end of each session.
5. Access Your Accounts from a Trusted Location
Always usetrusted computers and networks for your online banking. Even when you need toaccess your bank online from random locations set up a Virtual Private Network sothat you can establish an encrypted connection to your home or work network andaccess your bank from there. Ensure you don’t connect to unreliable Wi-Ficonnections for your online banking activities.
The tips are inno way exhausted so incorporate more to this.