10 online banking considerations for the modern era
By following these 10 considerations, you can help to keep your online banking account safe from hackers, and protect your funds
With the rise of mobile banking, it’s more important than ever to consider the security of your online banking activities.
Mobile devices are inherently less secure than desktop computers, so it’s important to take extra steps to protect your information.
Here are 10 considerations for keeping your mobile banking activities secure.
1. Use a strong password and never share it with anyone.
It is critical that you use a strong, unique password for your online banking account. This will help to protect your account from being hacked.
A strong password should be at least 8 characters long and include a mix of uppercase and lowercase letters, numbers, and symbols. You should never share your password with anyone, not even family or friends.
This is in addition to two-factor authentication which, combined, is the bare minimum you can do to make sure your online banking is as secure as it can be.
2. Avoid public Wi-Fi networks when accessing your accounts.
Public Wi-Fi networks are inherently insecure. When you connect to a public Wi-Fi network, anyone on that network can potentially see the information you’re sending and receiving.
This means that if you’re logging into your online banking account on a public Wi-Fi network, someone could intercept your login information. To avoid this, only use private, secure Wi-Fi networks when accessing your account.
3. Keep your software and apps up to date.
Outdated software and apps can contain security vulnerabilities that can be exploited by hackers. To help protect your accounts, make sure you keep all your software and apps up to date.
This includes your operating system, web browser, and any apps you use to access your accounts.
4. Don’t click on links in email or text messages purporting to be from your bank.
Phishing attacks are a common way for hackers to gain access to people’s online banking accounts. In a phishing attack, hackers will send an email or text message that appears to be from your bank.
This message will usually contain a link that leads to a fake website that looks identical to your bank’s website. If you enter your login information on this fake website, the hackers will then have access to your account.
To avoid falling for a phishing attack, never click on links in email or text messages purporting to be from your bank. Instead, always log into your account by typing the URL of your bank’s website into your web browser.
5. Use two-factor authentication when available.
Two-factor authentication is an extra layer of security that can help to protect your accounts.
With two-factor authentication, you’ll be required to enter not only your password but also a second code that is generated by an app or sent to your phone.
This makes it much harder for hackers to gain access to your account, even if they have your password.
It is also worthwhile to consider using a password randomizer when coming up with new passwords, which will provide you with alphanumeric combinations of letters, numbers, and symbols that will be much harder to guess.
6. Be aware of the signs of fraud.
There are a few signs that can indicate that your online banking account has been compromised. These include unexpected charges or withdrawals, changes to your account information, and messages from your bank about suspicious activity.
If you see any of these signs, it’s important to take action immediately to protect your account.
7. Use a secure browser extension.
There are a number of browser extensions that can help to improve the security of your online banking activities.
8. Don’t save your login information in your browser.
If you save your login information in your web browser, it will be easy for anyone who has access to your computer to log into your account.
To avoid this, don’t save your login information in your browser. Instead, use a password manager to store your login information securely.
9. Have a strong anti-virus program installed on your computer.
A good anti-virus program can help to protect your computer from malware that could be used to steal your login information.
Make sure you have a strong anti-virus program installed on your computer, and keep it up to date.
10. Choose a bank that offers robust security features.
When selecting a bank, it’s important to choose one that offers robust security features. These features can include two-factor authentication, fraud monitoring, and more.
By choosing a bank with strong security features, you’ll be better protected against online banking threats.
Wrapping it all up
By following these 10 considerations, you can help to keep your online banking account safe from hackers, protect your funds and give yourself peace of mind wherever you are that your finances are in good hands.