FAQs
Listed below are seven smart tips for internet banking.
- Change your password regularly. ...
- Do not use public computers to login. ...
- Keep checking your savings account regularly. ...
- Always use licenced anti-virus software. ...
- Disconnect the internet connection when not in use.
A dedicated Windows machine is a good option that is very resistant to attacks by cyber criminals. By keeping the machine updated with patches and security software and maintaining the discipline of not using it for any other tasks, you are reducing the number of possible attacks significantly.
How can I make my online banking more secure? ›
Here are a few tips to consider to help improve your online banking safety:
- Never use unsecured public WiFi. ...
- Don't save logins. ...
- Use passphrases instead of passwords. ...
- Keep up on updates. ...
- Never click on email links. ...
- Check your account often from a safe location. ...
- Use a unique username.
Employing longer phrases that contain a combination of numbers, letters, and special characters improves online banking security, making your data less vulnerable to hackers.
- Use phrases that are easy to remember. ...
- Implement a combination of letters, numbers, and symbols. ...
- Test your password. ...
- Change your password.
A strong password is an important first step in protecting your account from hackers. But even strong passwords are vulnerable to cyberattacks. Using multi-factor authentication means a hacker who steals your password can't log in to your account without another authentication factor.
How do I secure my phone for online banking? ›
Here are some tips for a more secure mobile banking experience:
- Don't lose your phone. ...
- Use the official banking app, not the browser. ...
- Don't just follow any link you see. ...
- Don't use mobile banking on public Wi-Fi. ...
- Use strong passwords and 2FA. ...
- Use antivirus software with malware and phishing protection.
Risks of mobile banking
It's difficult to find software or technology that is entirely risk-free, and that holds true for mobile banking apps. The 2021 Nokia Threat Intelligence Report indicated that 50% of banking malware is targeted toward Android users, because Androids run on a fully open-source operating system.
Which browser is safest for banking? ›
Secure Browsers
- Firefox. Firefox is a robust browser when it comes to both privacy and security. ...
- Google Chrome. Google Chrome is a very intuitive internet browser. ...
- Chromium. Google Chromium is the open-source version of Google Chrome for people who want more control over their browser. ...
- Brave. ...
- Tor.
Is home WiFi safe for internet banking? Yes, if your home WiFi connection has been set up by a professional team and features the most up-to-date security, then you will be protected when banking online. However, outdated hardware, software and applications can leave you vulnerable to hackers.
Which bank has the most secure online banking? ›
Our top three picks for the best online banks are SoFi Bank, Discover Bank and Ally Bank. To help you choose, we at the MarketWatch Guides team reviewed 154 banks and credit unions, 43 of which are online financial institutions.
Lock down your login with super strong passwords.
Establishing strong passwords is your first defense against hackers who want to access your personal financial data. Online banking security experts recommend that your password include a combination of uppercase and lowercase letters, numbers and special characters.
Do I get my money back if my bank account is hacked? ›
Can You Get Back Your Stolen Money? If you've been scammed, your bank may refund the money stolen from your account. It depends on the amount, how long it took to report the fraud, and how the money was stolen.
What is the best protection for online banking? ›
Online Banking Security FAQs
- Choose strong passwords.
- Change passwords regularly.
- Use two-factor authentication.
- Stay skeptical of scams.
- Use your financial institution's security offerings.
- Use a password manager.
- Check your accounts regularly.
According to some data-protection experts, banking with a smartphone via an official mobile app provides more security than a computer. That's because computers make it easier for users to inadvertently download malware.
How can I protect myself from online banking? ›
Tips to bank safely online:
- Ensure your devices always have the latest browser and security software.
- Never use public computers or devices to do your Internet Banking.
- Sign out of your banking profile as soon as you've completed your transaction.
- Always type our URL into your browser.
Installing antivirus software is one way you can reduce the risk of fraud and increase security. A firewall acts like a barrier and prevents potentially malicious software from accessing your device and the personal, sensitive and financial information stored in it.
How is Internet banking secured? ›
All data on Internet Banking is encrypted and sent using a secure connection. If you do not use Internet Banking for 5 minutes, you will automatically be logged out.
Is internet banking safe from hackers? ›
Hacked Wi-Fi
Hackers may abuse unprotected public Wi-Fi hotspots to dispense malicious software onto your device or steal login credentials. For this reason, avoid opening your mobile banking apps while connected to public Wi-Fi if possible and consider using a VPN to encrypt your connection.
