Online Banking Security – How To Protect Your Personal Banking Information
While banking on line, you can never be too secure. There’s no such thing as a completely secure system. Even with all the security measures that most banks put in place in order to protect your money and information, hackers are constantly looking for loopholes and cracks in the system. You don’t have to be a computer security geek to protect your on line banking account from on line thieves. There are simple measures that you can take in order to secure your personal banking information. These simple measures make it harder for thieves to get your information and your money. And in order for these measures to work, you have to be vigilant and you have to constantly educate yourself on ways to improve your information security.
On Line Banking Security Tips
Install anti-virus and anti-spyware programs on your computer and update them regularly. Hackers often use spyware and viruses to retrieve information from infected computers.
Be wary when your computer starts to slow down or act strangely. Computers slow down when there is something wrong that needs to be repaired or it’s been infected with viruses and spyware. Either way, get your computer fixed and cleaned before using it for on line banking.
Be wary of fly-by-night, internet only banks. Sign-up with reputable banks with strong on line banking facilities. Ask if the bank offers mouse-operated password entry and security keys/devices. Banks that offer these security features provide more protection for their clients than most banks.
Disable the auto-complete features of your internet browser when accessing your accounts on line, especially for laptops. In case someone steals you laptop, they wouldn’t be able to access your on line account. Regularly clear you browsers cache and cookies to avoid leaving password information that anyone could access.
Have a firewall installed on your computer to protect your on line banking information. Check your computer’s operating system; they usually have options that allow you to set-up a firewall easily.
Learn how to configure your router’s firewall in your home network. Implement passwords or passphrase in your home wireless network to prevent strangers from accessing you computer wirelessly.
When signing up for on line banking, use strong passwords. Strong passwords are usually 8 characters or more, uses a combination or letters, numbers and special characters, and alternating upper and lower case. Take note that not all on line banks would allow special characters. Do not use dictionary words, names, and significant personal dates. And as much as possible, use different passwords for different sites and change your passwords regularly.
An example of a strong password is F1nAnc!@l. Note that for this example, the term financial is easy to remember but hard to figure out because of all the possible combinations of letters, numbers and special characters. A password generator programs used by hackers would find it difficult to crack these types of passwords. (Don’t use this sample password for your online banking account. As you are reading this article, lots of people may have already used this password.)