How to Ensure Online Banking Safety

With the introduction of information technology, almost everything has gone online including banking. Online banking or Internet banking refers to an electronic banking system that permits bank clients to manage transactions conveniently like transferring funds and paying bills.

Sure, online banking is nice, easy and convenient but it does come with certain security risks. You heard about people with their cards being cloned or the sophistication of scams and cyber attacks. You will come to realise that online accounts are vulnerable. With this, you have to ensure that your account is safe from prying eyes. Here’s how to ensure online banking safety:

Check if the account has two-factor authentication
Check if your account has two-factor authentication. This is an extra layer of security that requires not only username and password but also a unique code. Every time you log in, you will be asked to enter a code; the code is only valid for a very short period of time.

Generate a strong password
Whether online transactions or ATMs, it is crucial that you generate a strong password. The best thing to do is to make the password long. It will be good if you mix the password with upper and lower case letters, special characters and numbers. Avoid using common phrases and words like your name, date of birth and your initials. It is better to change your password regularly.

If you are setting an online banking account, you should provide answers to standard security questions. If you are worried about how to remember every password, you can always use a password manager.

Keep your computer up-to-date
Security is very crucial in online transactions. Knowing this, you should ensure that your computer is equipped to protect sensitive data. You should start thinking about the firewall. The firewall should always be on. On top of that, you have to download and install updates especially if your browser or software prompted it.

Additionally, install security software like anti-spyware and antivirus. Anti-spyware works by keeping other people from watching your online activities. Antivirus, on the other hand, will protect your computer from malicious code.

Avoid clicking unknown emails
Keep in mind that no bank will email you asking about your login details. If you receive any email even if it looks like from the bank, treat it with suspicion especially if they are asking for account details. This may be an attempt to trick you into handing your login details.

Access from a secure location
When accessing or connecting to your bank, it is prudent to use computers and networks that you trust and know. If you are not sure about the network and the device, you should first set up VPN (Virtual Private Network) to establish an encrypted connection.

Logout when you are done
It is always a good practice to log out always after your online banking session. This will reduce the chances of other people from hijacking it. You should also set the browser to clear its cache at the end of every session to be sure.

Now that you know basic safety guidelines, it is time that you Find Your Local Heritage Bank Location. When you are withdrawing money, be vigilant of your surroundings.

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