Online Banking Security

| May 23, 2013
Online Security

Online Security

It’s essential to make sure your online banking is completely secure by reviewing your cyber security and taking the required steps to fully protect your online privacy. We’ve got some helpful advice to make sure you’re using online banking correctly and in turn keeping your money safe.

Password

Your chosen password should be unique and something that no one would be likely to crack. You should also frequently change it, to maximise your accounts security. Don’t use a password you’re already using for a different account such as your email password. Use a mixture of upper and lowercase letters, along with numbers and symbols if possible. Be careful where you store and keep your password. Don’t keep it on your mobile or anywhere else where it could easily be attained by someone else and don’t give it to others, unless you trust them 100%. A secure password helps to create maximum online security.

Check your account daily

In order to obtain a secure account, it’s important that you check it daily, this way you’ll easily be able to spot any unauthorised transactions or any other indicators that your account has been hacked in some way. As soon as you spot any suspicious, unknown activity you can report it to your bank and they can take necessary action.

Text message alerts

There’s no harm in signing up for email and text message alerts. Majority of banks do allow you this option. They will then send you an email or text whenever any money is withdrawn or deposited into or out of your account. They will also contact you if they notice any unusual activity on your account, such as international transactions or irregular spending. Before signing up, check with your mobile phone provider, to make sure the SMS will be free and that no fees will apply.

Use a private computer

Never use a shared or public computer for your online banking; always use a private secure computer. Banking details and data can easily be stored on a computer and furthermore be accessed by others. Don’t use any unsecured WIFI networks on your laptop.

Secure Internet Browser

Make sure you use only a secure internet browser, along with antivirus software and firewall. Keep all security software up to date and turned on. It’s important to also scan your computer for viruses or spyware on a regular basis. This will help protect you from any cyber threats that could steal your online banking password.

Help

Keep a note of your banks customer service number and fraud hotline, so if needs be you can make reference to them for example if you’re locked out your account or need to report a lost card.

 

Online Banking Security

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Category: Investment

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