Technology is advancing at a super tremendous speed and as a result, is the rate of cybercrime. Before getting into scams and frauds of Online Banking, here are some 5 simple tips for Secure Online Banking.
In this busy world where people are overloaded with work and busy with tight schedules, there is very little time to visit the bank for doing basic transactions. As a result, people prefer to engage with their banks through online banking and now even mobile banking. Although these advancements in technology have lessened the burden on an individual, they have on the other hand increased the possibility of cybercrime thefts resulting in the risk of loss of money.
Therefore, a user needs to act very smartly while using Net Banking or Mobile Banking services. Below are some points that can help a user manage secure Online Banking:
- Be smart and play safe:
There is no harm in using mobile banking, as it saves time, provides quick access to your account and many other facilities which can ease your work. All you need is to take note of a few small but really important key points like; never save your account information like A/C number, Debit or Credit card PIN on your mobile phone. Never store your User Id or PIN if using a banking application for the direct login. When in a public network including Wi-Fi hotspots never access mobile banking as you may be at a higher risk. Sending your account information through textual messaging is not a safe option.
- Check the mobile banking app you have downloaded before logging in.
Nowadays there are thousands of banking apps available online, this is your responsibility to do a background check on the app you are downloading. Some banking applications have the facility of downloading the app from the official website which is always the safest. Sometimes the app you are downloading could bring along unnecessary stuff to your phone which might be harmful to your cell phone and might even hack and collect important information saved on your mobile phone.
- Do not click on useless links unnecessary.
You should be aware of the website of the bank you are a customer with. There can be some duplicate websites which imitate your bank’s website and tend to copy the content regarding your account. Never click on any links which give you the option of connecting directly to your bank as it may be a fake link. Always access the official website directly as it is a safer way to access your account. Correct URL begins with “https” and not “http”. Also, the sign of lock signifies that it is a secure login site.
- Be aware of spam calls.
In case you get any phone calls asking for your personal information especially details related to your bank account, you should be extremely careful about what information you divulge. The most important step for you is to establish that this call is from your bank only and not from any third party.
- Be aware of Emails that are from fraudsters
You may get emails in your inbox that ask you to login into your Bank account. When you click the embedded link, it will take you to a site that resembles your own bank site. Follow the checks listed in Point 4 above and ensure that the site is genuine. If not, then please do not enter any information like your Card Number and IPIN, as this may get shared with the fraudsters running the site.