How To Stop The Risk OF E-Banking

Online banking is the practice of making bank transactions or paying via the internet. This allows seamless cash transfers and bill settlement with just a click. The key benefit of this payment platform is the convenience and the fact that one has round the clock access to money, as long as there is internet access. It also eliminates the need to visit the bank for little matters such as balance inquiry, settlement of account and deposit into a third party account.

Online transactions could lead to credit card fraud and stolen financial information, but most financial firms enact necessary Information Technology (IT) infrastructure to ensure that transmission are secured. However, online retailers with poorly secured service platform end up making millions of their customers a juicy target for hackers; who could obtain huge lists of USERNAMES, PASSWORDS and CORRESPONDING FINANCIAL INFORMATION from the foot-prints left behind after each successful online transactions, prevent LOG-IN DATA interception or theft.

It is essential that the following personal security practices be considered to protect one’s online banking information and avoid the risk of being defrauded.
Practical Ways On How To Stop The Risk of E-Banking

SECURE BROWSING

For users of online platform, it is important to set secure parameters on one’s browser applications. Make sure you edit the default internet protocols of the browsers, to effectively protect against security threats.

Security level of browser should be set to alert you whenever it wants to open a website with questionable legitimacy. To manage the security settings, and browsing history, simply click on browser tools menu. Although, optimum security settings could show surfing speed, but at least safety matters most.

INSTALL ANTI-PHISHER

Most fraudsters use phishing tricks, this involves sending hoax emails in attempt extract your bank details and personal security data. Most likely, the sender will claim to be from your own bank and will ask you to verify your account details by clicking on a link. But this link actually takes you to a fake website which looks exactly like your own bank’s website. Some ANTI-VIRAL SOFTWARE comes with anti-phishing add-on for sites and site with questionable legitimacy.

INSTALL ANTI-MAL-WARE

Malicious software is also termed mal-wares; they are complex computer virus that capable of being installed on your PC without you even realizing it. They could come in the form of email attachments and can be embedded in musical and video files. Opening these files unleashes the TROJAN VIRUS that then monitors the activities of your computer and sends key-logs to their vendors, this they use in tracking every stroke of password as it is entered.

Avoid clicking ‘’Hyperlinks” and pop-up within un-trusted emails, doing that is one of the easiest ways to download Mal-ware to your computer. Delete or safely store financial mils like email alert information of bank statements, especially on your Blackberry Smart Phones as this could give clues of your account number and other personal information. Delete suspicious emails immediately and never open an email install/Run p-2-p or torrent applications, since this software is capable of sharing your files without your consent. Do not use online banking from a common computer like that of a CYBER CAFÉ.

Regular up-to-date of your software is advised and don’t use out of date anti-virus. In addition, with regard to the password authentication and encryption, it is suggested that one should periodically change passwords and avoid using same log-in details and transaction codes. The 4 code passwords for online banking and Automated Teller Machines (ATM) are usually numerical values between 0-9, this makes it easy to decipher. The use of security token is advised, as it further helps to strengthen your log-in parameters. The token is tied to a single bank account and automatically generates a unique code
that authorizes each transaction.

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