The days of check books are far gone! What we sing today is online banking, and to a large extent, it has been an automated and convenient way managing our finance.

With a large populace now doing their banking online, the possibility of attracting threat actors is high. From spear to social engineering scams, crooks will try all techniques to get access to your money. The most common means being smishing, which centers on communicating to you like your bank thereby fooling you into a sense of security. They aim to lure you into entering your login details via a phony login page or text.

With a lot of credulities in both mobile and desktop online banking, it’s crucial you subscribe to a bank that offers a high level of protection for your accounts while taking measures to ensure the accounts are secure. For this reason, the following eight tips will ensure you experience a safer online banking.

1. Two-Factor Authentication: A strong password isn’t enough to keep crooks at bay these days. The most secure banks now force you to go through multi-step login procedures that require something you are aware of (such as a passkey) and something you have access to (such as your phone, which will receive a unique an OTP code).

2. SSL Secured Websites: Secure communication is non-negotiable on any website where transactions take place. When using any website for online banking, ensure there is always a padlock icon located to the left of the web address. The URL should also have “https”, and not “http”.

3. Automatic Timeout Sessions: Use banks (and e-transaction portals) that close out or log you out of sessions after some few minutes of inactivity. This guard you from human errors or prying eyes. You would rather love logging back in several times than have someone steal your account details while on lunch break.

4. Fraud Monitoring: You should only trust a bank that carries out continuous and real-time monitoring of your account for fraudulent activities. The best banks track activities such as massive withdrawals or transactions in new locations.

5. Keep a close look on phishing emails and text: If you are not certain of text or email’s origins, never click through links, mostly if they instruct you to supply login or personal identification details.

Read Full: http://www.scholarsglobe.com/2016/07/tips-for-safer-and-secure-online-banking.html

This is serious issue, online phishing is everywhere now.

comments