Every time a new version of your phone’s operating system releases, security holes are patched. If you absolutely need to access your bank while you’re out and about, turn off the WiFi and bank over your cellular network. Secure Sockets Layer-SSL encryption technology is used within your Online banking … If you have a secure connection, there should be a closed padlock there. However, it’s still best practice to log out immediately after finishing your session. A hacker can use a variety of software programs to guess at your password until it gets it right, opening the digital vault. They do this by trying to hack into the bank’s secure server. Accessibility Statement   |   We provide a number of solutions to help make sure everything you do online with us stays safe and secure. So, they are not connected directly to the web. Whenever possible, don’t do your online banking over a public WiFi network. They have to download the new software, install it, and restart their phone, all of which seems annoying. The email that is sent pretends to be from a bank. When you want to make a manual deposit or withdraw Read more…, Some people could not be happier with internet banking. If you’re worried about forgetting your password, you can use a secure password saving device such as. Her favorite place to relax is poolside or in front of the fireplace. Read more…, How to Deal with Cash when using Internet Banking, How to Increase Your Internet Banking Security. Install an Antivirus and Keep It Updated. Especially for those who did not grow up with computers, it may seem a little unreal to manage your money online. This may be easier said than done, but it’s absolutely essential that you don’t lose your mobile device. They will never have access to this information. But with great power comes great responsibility, right? However, it’s essential to keep your phone software up-to-date for security reasons. Mobile banking has been around for a while now, but as banks roll out more and more features – like check deposits by phone – and people become more comfortable with banking on their mobile phones, the users of mobile banking … . Just 15 years ago, we had to physically enter a bank to do any sorts of transactions. Most internet banking institutions will also protect you from yourself in some ways. However, it’s essential to keep your phone software up-to-date for security reasons. Every time a new version of your phone’s operating system releases. Never use a financial application created by someone other than where you bank. Don’t write it in the notes or make a voice recording of it. There are many people who want to take what is yours and steal what you’ve worked so hard to save. They will stop at nothing to do it and will resort to all sorts of devious and dastardly solutions. Internet banking should be done only through secure connections. This is more secure. When you looked at it you thought, something doesn’t feel right here. With all this information together, you can access your account. You'll notice that banking websites now feature timed log-outs — deactivation of login details after several incorrect attempts and various authentication steps. If you have a secure connection, there should be a closed padlock there. However, some level of risk is always present regardless of any security measures. Further proof of identity may be required before we restore online … It is just a modern version of the old-fashioned bank robbery. 1. Unfortunately, many people select simple passwords that are easy to remember but also easy for cyber criminals to crack. Also, the web address should say https://” The “s” signifies a secure connection for your internet banking. Don’t do it. If you lose your phone these security measures can at least slow down anyone who tries to steal your information. They hire computer-hacking consultants to show them the vulnerabilities of their systems. If you see a transaction you didn’t initiate, immediately call your bank and have them put a stop on it. . This usually means incorporating a six-digit passcode to unlock your phone as well as your fingerprint if possible. It is then encrypted … There have to be special considerations for dealing with cash when you are using virtual internet banking. 8. With this form of security, an access number will be sent to you over your cell phone to use with your other identifying information. Have you ever received an email with a link that didn’t look right? Online banking is amazing, isn’t it? Your password should contain a variety of uppercase and lowercase letters, numbers, and special characters. Common safety measures for Internet banking: Whenever customers use internet banking, they must take some precautions to prevent from fraudulent activities. Thus, when sharing information on social media you should be very careful about your privacy settings as well as the amount of information you share. In this post, we’re going to lay out 10 ways you can keep your online banking info safe in 2017. Published by editor on September 22, 2020. Enable Two-Factor Authentication. As the Content Strategist she helps share all the amazing things DCCU does in our community and spreads the credit union philosophy of People Helping People. Additionally, don’t store your password information on your phone. In 2015, this was reported about UK bank NatWest: UK high street bank NatWest has admitted that a serious flaw in its online banking system is enabling criminals to hack into accounts and drain them through two different ways – either by accessing the accounts using stolen smartphones, or by impersonating victims to get their phone calls and SMS text messages forwarded to another SIM card. Be cautious about the last visited date and time shown in Commercial Bank Online for your information. 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