4 Simple Internet Banking Security Tips

Online banking has become the new norm in recent years. Apps replace branches. You're often sent to a computer for a self-service transaction, with optional help. But is online banking safe? On the one hand, you're taught to keep your financial data private, while on the other, you're encouraged to use internet banking. But, with a few straightforward measures, you may safely bank online.

Always Type in the URL

Many hackers will try to fool you into visiting a bogus bank website. In a phishing email, they say there is a problem and urge you to contact your bank immediately. Unfortunately, the link takes you to a bogus bank website that steals your personal information. You may avoid such frauds by directly entering your bank's website or using a bookmark.

No Public Networks or Computers

Using a public computer at the library or mall may seem convenient, but fraudsters frequently target public computers. If they want to keep track of future users' info, they can install keyloggers and send the info. The same goes for insecure Wi-Fi. Instead, use an ATM or a data-enabled smartphone.

Complex Password With 2- Factor Authentication

Create a unique password for your online banking. Create a complicated password, including words, numbers, and symbols. Using data on Facebook, such as kids' names, pet names, birthdates, etc., gives attackers a head start. Never write it down near your wallet, phone, or computer. If remembering passwords is a problem, use a safe password management tool. Many banks also provide two-factor authentication, which involves sending random numbers to your phone (or a particular LCD device) to validate any action.

Webpage Security

Finally, before entering any data, look for the little padlock icon. You want to see a padlock in the browser, not simply a picture on the page. You can find it below or next to the URL. Instead of http://, the address will begin with https://. If you don't see these, don't log in.

Conclusion

It simply takes a few seconds to check your Internet banking security, but it may save you a lot of pain in the end.

I generally write on business IT, but I like writing these pieces for the average user. If you're a renegade IT or business professional interested in ITSM practices and policies, contact me at ITSM RHINO.