Use Only Secure Wi-Fi NetworksYou cannot trust the security of public Wi-Fi networks. Hackers can easily steal the information from them, as they are not generally encrypted. So, restrain yourself from logging into your online banking account over a public network. Do your transactions only over a secure network like the one protected by a password at your home. If you need to do transaction outside of your home, use your cellular network only.
Bank On Sites with “https” in the AddressThe encrypted sites are the ones that keep your private information safe online. Your banking site must be encrypted already, but to double-check it, look for letters “https” at the start of web address and search for a padlock symbol in your web address bar. You can also download https browser extensions that will encrypt your web data automatically if the website provides it.
Enable Two-Factor Authentication2FA, or two-factor authentication, adds an additional factor of authentication to your normal log-in procedure. Under single-factor authentication, you enter your username and password, and then you are done. The benefit of 2FA is that it requires you to provide an additional verification credential before you can gain access to your account. The extra verification credential can be any of the following:
- Something you are, like a biometric factor (voice print or a finger print).
- Something you have, like a fob, phone, or ATM card.
- Something you know, like a pattern, password, or a PIN (personal identification number).
Disable Automatic Login Before Logging in to your AccountEnsure your web browser is not storing any of your online banking information like the username and password. At times, your online banking information is automatically stored by web browsers. Disable this feature before you perform any kind of transaction.
Beware of Phishing Calls, Texts and EmailsYou must remember that no one will call, email, or text you asking for your online banking information. If you get these sort of calls, messages or emails from any source, report them immediately to your bank customer care. These are known as phishing scams and must be reported to your bank instantly.
Create a Strong PasswordCreate a strong online banking password using upper- and lower-case letters, numbers, and symbols. You must get a strong feeling that only you can imagine (and remember) a password like this. Also, change your password frequently and refrain from using it for other things. To help you create, store, update and remember a password, take advantage of a password manager tool.
Use Antimalware (or Antivirus) SoftwareToday, usage of antivirus software may seem like an obvious decision to make, but most of the computers are unprotected today. A good antivirus solution safeguards your computer by detecting and removing malicious software. Remember to keep the software updated for new kinds of viruses. To do this, enable automatic updates for your antivirus software, so that it gets updated as soon as a new update arrives.
Use only Official Banking AppsUse only your bank’s official mobile app for making transactions. The reason is these apps are tested rigorously and make sure your data is encrypted and secure. Restrain yourself from using an app that is created by someone other than your bank, as these programs may steal your banking information for fraudulent purposes. The thieves today are very smart; they can create an app that looks closely to your bank’s official app. If ever in doubt, call your bank to verify that the app is legitimate, or just don't install it.