Managing your money has become a lot more convenient with the advent of online banking. Tasks for which you once had to visit a bank branch can now be done in a matter of minutes from the comfort of your home. While online banking does have a number of benefits, it has also made it easier for cybercriminals to collect your personal information and hack into your online banking accounts. Here are some tips that can help you prevent such incidents.
Don’t Save Your Login Information
A number of websites give you the option to save your passwords for future use. While this makes it convenient for you to log in the next time, it also helps anyone else who uses the device after you access your banking account. To keep this from happening, ensure you don’t save your login information on any website.
Avoid Accessing Your Account When You Are on Public Wi-fi
It goes without saying that logging into your bank account when you are on public Wi-Fi can make it easier for cybercriminals to gain access to your device and steal your information.
Review Your Account Statements Regularly
It’s important to check your account statements on a regular basis to make sure there are no fraudulent charges. If you notice anything suspicious, make sure to change your password immediately and notify the bank at once.
Look Out for Phishing Emails
Hackers sometimes send out phishing emails that can appear like they are from your bank. Clicking on the link in the email will take you to a website that looks very similar to your bank’s official website. Once you enter your login information into this fake website, the hacker will be able to gain entry into your account. To avoid this, it’s best to type out the website address of the bank into the URL yourself when you need to access your account.
Update Your Passwords Often
Make sure to change your password every few months. When setting a new password, it’s a good idea to use a mix of uppercase and lowercase letters, symbols, numerals.
Given how much is at stake, make sure to not let your guard down with your online banking account!
