Is Online Banking Safe?

Yes. Online banking is absolutely safe to do online and is done by millions daily. Below are some of the different ways to keep online banking safe.

 

Visit bank by typing the address

Many ways attackers get into someone's bank account is by tricking a user into thinking they're logging into their account when their really not. This technique is known as phishing and is often done through e-mail, where it informs you that you need to change your online information, verify a purchase, or something else that would want to make you log into your online account through a link in the e-mail. In reality the link points to a fake page that logs your account information.

This attack can be avoided by never clicking on a link to visit your online bank. Instead if you need to log into your bank always visit it through a bookmark you created in your browser or by typing in the URL.

Make sure the page is secure when entering data

Any time you visit a web page that is encrypting information a small lock () will appear either in the bottom corner of the window or next to the address bar and the URL will start with https:// instead of http://. If you do not see this all data is not secure and anything you enter into the page could be captured and read by someone.

When you visit your online bank login page verify you see this lock and your security image before entering your username and password. If you do not see this, do not log into the page.

Never send usernames, passwords, etc. through e-mail

No bank will ever request for you to send personal information over e-mail. Never send your username, password, TAC, account information, credit card over e-mail or SMS. E-mail is unencrypted and if intercepted by a third-party could be read.

Use a strong password

What this means is that it shouldn't be something easily guessed such as your date of birth or names of your immediately families. Your banking password should have alphanumeric, special character, and different capitalization.

Make sure your computer is protected

It's always a good idea to keep your personal computer protected, when an attacker attacks or infects a computer they could install a key logger that logs each keystroke you enter into a computer to capture your confidential data.