Is Online Banking Secure Enough?

The advent of the internet is a global phenomenon that has come to make human activities a lot easier. Amongst the many benefits of the internet to the society is online banking. “Online banking, also known as internet banking, e-banking or virtual banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution’s website.” – Wikipedia.Conducting your banking activities in the comfort of your home or where ever you are at your convenience is one thing virtually every one of us likes about online banking, but how safe is this banking method that allows you to carry out electronic transactions over the internet?Here’s how to make your online banking experience safer.

Tips for Safe Online Banking

Avoid Using Public Wi-Fi to access Your Account:

It is not advisable to do your online transactions through a public Wi-Fi because a public source of wireless Internet can compromise your security under certain circumstances.For instance, a snooping cyber-criminal can easily have access to your security details and clean out your account. It is much safer to use your cellular data plan to avoid this. But if you must use a public Wi-Fi, make sure it is a Virtual Private Network (VPN) that will shut out the possibility of anyone spying on your online activities.

Always use the Right URL to Log into Your Bank’s Website

This is very important because cyber-criminals can trick you into clicking on a wrong link that will redirect you into the wrong page or website if care is not taken. This is known as phishing, it is usually done through e-mail. However, phishing can be avoided by never clicking on a link to visit your online bank. Always ensure you visit your bank’s website through its Universal Resource Locator or a bookmark you created yourself.

Use a Strong Password

Your password is your secret code that identifies you as the authentic owner of an account and you are often warned never to disclose it to a third party for security reasons. To beef up security and knock off the possibility of anyone guessing your password easily,your banking password should have numbers, special characters, and different capitalization.You’re sure to have a strong password if you do this.

Subscribe withFinTech Apps

Internetbanking has never been better! Join the revolution  to have an even safer online banking experience with their intuitive digital banking services, including debit card services. These FinTech apps can be used with major financial companies, such as MaserCard. You also get a debit card that gives you a bit of extra protection every time you purchase something online.