Kent Kristensen | Online Banking Security Tips

Online banking is a new trend in the banking world. It gives you the power to manage all of your banking money transactions together with your computer or mobile device. You don’t have to visit the bank; you can do all that you need to do when it’s most convenient for you.

From the daily accessibility to the remote check for deposits, there’re many perks within the online banking industry. It’s no surprise that many people do their banking transactions online.

With some many of us counting on online management for his or her money, threats have risen. Malware, fraudsters, and hackers are waiting to steal your password and rip you of all your cash. Here are tips to help you with online banking security to ensure a safe environment.

Avoid Public Wi – Fi

The world is changing, and everything is going online. This has brought an increased number of public Wi-Fi. Though the networks are easily accessible, you’ll never trust their security. Most of the general public Wi-Fi networks are often not encrypted making it easier for hackers to steal information from unsuspecting online users.

Two Factor Authentications

This is an additional layer of security that needs not only the username or password but something else that the user has on them. Many banks offer this extra layer to guard the account holders. This extra verification credential is generally real-time for you to access your account. If anyone tries to log in to your account, the bank system will send a singular code in sort of text which must be entered within the bank’s website along with the username and password.

Use sites with https in the address

(HTTPS - Hypertext Transfer Protocol Secure) Encrypted sites convert your data into unreadable information before sending it. This keeps your private data safe online. You can check if your bank’s website already has the encryption by checking for a padlock symbol within the address bar and “https” letters at the start of the web address.

Disable Automatic Login

It's essential to possess an automatic login but to matters concerning your money, disable that feature in your browser. Don't allow your browser to store private information, username, and password, for your online banking website.

Create a Strong Password

A strong password usually incorporates numbers, symbols, lowercase, and uppercase letters. Always update your password regularly and avoid using an equivalent password for an additional app or website.

Beware Of Text and Email Scams

Your bank will never email you and ask for your personal information and account details. By chance, you receive an email, text or call asking for your personal information, do yourself a favor, don’t respond! Instead, call the bank’s customer care baseline and inform them of the message you received.

Use the Bank’s Mobile App

The bank's encrypted mobile app could be safer than the bank's website. An app is less susceptible to dangers that are a menace to the web. Always download the most recent bank updates to make sure the app is armed with the newest security credentials. With Android phones, download the app from the Google Play Store and not any other site.

Kent Kristensen is the best banking expert he offers the best banking and accounting services in the UK. He has more than 30 years of experience in this field.