by Igor Termenon
Although your bank has an obligation to safeguard all your personal financial details, there are constant security threats that can affect your bank account. Online banking is convenient and can save a lot of time in your transactions, on the other hand, illegal access to bank accounts is one of the fastest growing crimes nowadays. As a costumer, most of the responsibility for keeping your account safe relies on you, so take a look at this little guide and discover how you can protect yourself from online banking fraud.
1.Log in to your account on a regular basis
Make sure you check your account at least once a week, even if you haven’t made any transaction. Go through all the information in the last few days and check that everything is correct, if you see that there’s a discrepancy in your balance then contact your bank immediately.
2.Use your own computer
Avoid using public computers to access your bank account. Public computers may contain software as keystroke loggers which can monitor what you’re typing on the keyboard. If you use another computer then make sure you delete the temporary internet files and clear all your browsing history.
3.Protect all your password information
Do not store your passwords or PINs on your computer, if you have problems remembering them write them down on a piece of paper and keep them somewhere safe. Remember not to share this information at any time and to change PINs and passwords at least every three months.
Never save this information on your internet browser, even if you are using your own computer. When you finish checking your online private banking account, make sure you click on the ‘log out’ button to terminate your session.
4.Maintain your computer’s security
Make sure you have an updated security software installed on your computer. Anti-virus, anti-spam and spyware software are essential for those who engage in online financial transactions.
5.Check for secure connections
Never access your account through an emailed link or a link outside the bank’s site. Most internet users receive phishing e-mails that look like they come from their bank, these e-mails require the recipient to log in through a link in order to acquire information such as usernames, passwords or credit card details.
Always access your account through your bank’s site and make sure that the page your visiting starts with ‘https’, the ‘s’ means that the URL is on a secure server.
Just remember to follow these tips and stay informed about new improvements on financial fraud security. New threats are emerging every day, so if you see something suspicious while using your online bank account then make sure you contact your bank and tell them about it.
Have you been victim of an online financial fraud? Do you want to share your tips on online security? Tell us about it in the comments section below!