Digital Banking makes finance management easy. You can pay bills, deposit cheques, and transfer money from anywhere. Due to convenience, banks nowadays offer different banking means for their customers. Have you ever thought about their safety? With the increase in cyber threats, all banks have taken various security measures to protect your money.
It is easy to protect your information while leveraging the convenience of an online Bank Account. While banks are responsible for securing your funds from hackers, you need to participate equally by following these security measures:
Choose strong and unique passwords
Create passwords with an extended-phrase than a single word. Use a mix of lower and uppercase letters, including numbers and special characters. Remember your passwords instead of noting them in a book or storing your login details on the mobile app. Update and change your password regularly or at least every six months to reduce hacking issues.
Enable two-factor authentication
Two-factor authentication is a second layer of security verification while logging in to your Online Banking accounts. Enter your login name and password and pass a second security test later. For example, you may need to enter a unique code, verify your Bank Account through an automated phone call, use biometric verification, or identify an image. This process makes it challenging for hackers to unlock your account, even if they have your login password.
Steer clear of public Wi-Fi
Make sure to access your Banking app in safe environments. Use your personal data connection or Virtual Private Network. Check whether the websites you operate are secure with HTTPS authentication.
Sign up for alerts
Banking alerts notify you when specific actions related to your account happen. You also receive instant notifications of any potentially fraudulent or suspicious activity. While receiving alerts for low balances, credit, and debit transactions are common, you should contact your bank immediately upon receiving suspicious login attempts or activity.
Choose trustworthy apps
If you use your bank app, ensure it is official. Download the app from your bank’s website. If you prefer downloading it from the Apple Store or Google Play, verify it is legit by checking the developer details and reading reviews. That way, you are vigilant while using the app for online Saving Account opening.
Benefits
As the world and the banking industry transform from traditional to digital access, you cannot ignore the benefits that outweigh the risks. To be able to transfer money, deposit a cheque, or view your balance before a big purchase is better with Digital Banking. The idea of banking hours becomes obsolete, making it convenient for you to operate the app anytime. You can mitigate the risks by protecting your banking information and being proactive.
