The use of internet has been expanded exponentially and as a result of these banks and other financial institutions in order to provide better and fast services to its customers have increased the use of internet lately. Internet as we all know have loads of fundamental flaws in it and despite of all these flaws it does offer the potential for safe and convenient way of using banking facilities online on any day and at any time.
No doubt internet has all the potential for safe and fast banking transactions, but it all depends upon your choice and decisions that might help you to avoid some costly surprises of carefully crafted scams and some phishing schemes.
There has been lots of hype created about the inpenetrateable security system though no such system exists. You are the best protector of your information and no security system can ever protect your information. Its always you who needs to be very attentive while using the financial transactions on the internet. So in that case you should learn about and take the advantage of the security services offered by financial institutions.
Have you ever heard about Encryption?
It is nothing but a process of scrambling your private information to prevent unauthorized access of your account. How will you know whether your account is encrypted or not? It’s very simple. The internet browsers will always display a small icon on the screen which resembles a lock and a key whenever you conduct online transactions. It is advisable that you should avoid sending any kind of sensitive information such as your saving accounts number through an unsecured email.
Passwords or PIN numbers should be used while making any online transactions. The password should be very unique to you, preferably in the form of alpha numeric code. It is also advisable that you should change your password on a weekly basis. Please do not use birth dates, mobile numbers, spouse names or any other words or numbers which is easily guessable by others.
Always make sure you are giving your password to the right person. For example, if you use a financial company and they have provided you with a username and password, always make sure that before logging in with your password you are aware of company’s privacy and security practices.
Security on your personal computers and laptops should be updated regularly. This should be done in order to avoid the attack of viruses or physical access controls. Always get in touch with your internet service providers and your hardware and software supplier to make sure you are updated with the latest services and security packages.
Some tips on safe computer practices
When you are conducting your banking transactions at home or at a public computer make sure you follow these points:
1.) Once you are signed into the bank account with your username and passwords never leave your computer unattended. If you want to leave then please make sure you log out from your account.
2.) After you have completed all the banking transactions make sure you clean all the cache and close your browsers. Often a person forgets to sign out from the banking session and just close the browser.
3.) Always keep your password and PIN number in the safest place. Many people keep their banking passwords in the pendent of their locket.
4.) Do not share your card number with any website other than your banking website. Most of the banks will never send you an email for the request of your password. If the bank is sending any kind of email and asking for your account number, high time change your bank.
5.) Never save your bank password and account number on the public computer.
6.) If you use a public computer or cyber cafes please make sure you change the password after your session is over to be on the safer side.