Internet banking safety tips
Many people, while keen to access the advantages of banking online, are nevertheless concerned about the safety issues and with online banking fraud becoming more exposed, it is a valid concern.
Banks, however, are very aware of online banking crime and have implemented several preventative measures in the form of regular security upgrades to their online services. They have also taken steps to keep their customers informed about their normal procedures and how to recognise any 'unusual' requests from the bank.
Tips for banking safely online
Despite the rise in internet banking crime there are still several things you can do to lessen the chance of being caught in an online trap. Some of the precautions you can take are:
- Change your password on a regular basis
- Secure your computer and the access to it
- Never email your account or credit card details anywhere
- Disregard the 'remember my password' option on shopping and banking sites
- Under no circumstances whatsoever should you ever reply to emails that require your account details for 'verification'
It's also a good idea to get into the habit of logging out of your online bank account when you are ready to leave the site. This is especially important if you are using a computer other than your own, as in libraries, internet cafes or the computer you use at your workplace, as these computers usually have multiple users and you could leave yourself open to others fraudulently operating your online account.
Emails that prompt you to follow links to sites that request your account details for whatever reasons are not genuine sites. Your bank is highly unlikely to ask you for this type of information via an email and banks have taken the steps to ensure their customers that this is not one of their normal operating procedures.
Something else you should check on a regular basis are your bank statements. It's surprising how many people don't do this and so don't notice suspect transactions immediately. Check each entry on your statement and if you find any discrepancies, report them immediately to your bank.