Keeping online banking secure
Friday May 23, 2008
Online banking security starts with awareness of the possible dangers of an online transaction. The basics are to be sure you are accessing the correct site, to only use a secure computer, and to ensure that your details remain private. This usually just means keeping a commonsense attitude toward security and always paying attention to what is happening when you are banking online.
Accessing the correct site is essential to avoiding the most likely online security issues that can make online banking risky. Phishing scams are where someone creates a site that appears to be a legitimate one for your bank. You enter the details as normal, and then someone else receives them. Occasionally you will be redirected to the real site after this to minimise suspicion. Most banks have guides on how to spot phishing attempts for their online banking facilities, so be sure to read the one for your bank and learn how to avoid phishing scams.
Using a secure computer only requires you to have installed anti-malware software and a reliable firewall, and to frequently scan for threats to your system. Never use a system you are unsure of to engage in online banking as you could easily fall victim to someone online or the owner of the computer.
Keeping your online banking details a secret is the easiest and most important aspect of online banking security, but so many people fail to do it. They keep copies of the details in obvious places or fall for email scams asking for their details. Your bank will never spontaneously ask for your details to confirm them, as they have them on record. It is best if you memorise the details you need to and then destroy any copies. This is vital to online banking security and will increase the chances the bank will cover you in the unlikely event of your being defrauded.
Please visit our transaction and savings account page for a selection of great account options for online banking.
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