Below are simple tips to help you keep your accounts safe online.
Use unique passwords for all financial online accounts. Never share your password, account number, Password/PIN or answers to security questions.
Change your passwords frequently. PCB recommends changing your passwords every 60 days.
Do not save credit/debit card, bank account or routing numbers, or other financial information on your computer, phone or tablet. Instead, keep a list that is stored in a safe, secure place away from your computer.
Be careful when using a password on a mobile device. Set your devices to automatically lock after a selected period of time to ensure no one can access your smartphone, tablet or laptop.
Do not give your financial information over the phone or Internet if you do not know who is asking for it. Call the bank directly using the phone number on the back of your debit/credit card, or visit the bank to speak with someone in person. PCB will never contact or text you asking for personal or banking information. Assume any unsolicited phone call or text request is fraudulent.
Be aware of the location of your mobile devices (smartphones, tablets) at all times. Only log on financial websites when you have a secure, safe and trusted Internet connection.
Contact PCB immediately if you think your online identity has been compromised. The sooner you alert proper authorities about suspicious activity, the sooner it can be resolved.
For additional information about Cyber Security Awareness, visit Stay Safe Online.
Never share your password, account number, Password/PIN or answers to security questions. Change your passwords frequently. PCB recommends changing your passwords every 60 days. Do not save credit/debit card, bank account or routing numbers, or other financial information on your computer, phone or tablet.
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.
Most of the banking applications use the two-factor authentication, i.e., verification of the transaction they generate. In every transaction, an SMS with an OTP (One Time Password) is sent to the user, i.e., you, which you must then enter and confirm that the transaction is good to go.
The biggest risk of online banks is that someone will access your savings or checking account and steal your information and money. This typically happens when your account is hacked by cybercriminals who get your username and password. However, these risks are not limited to banks that operate exclusively online.
Banking apps can be safer than using an online banking portal due to biometric-enabled login options for your phone and the app itself. Your face, your fingerprint and your phone are a lot harder to hack than your username and password.
The biggest difference between the two is their functionality. Internet Banking allows you to conduct online transactions through your PC or laptop and an internet connection.On the other hand, mobile banking can be done with or without internet. Many banks nowadays have their mobile apps for mobile banking.
You don't know who has access to the network traffic and whether they can view the data you send. For better online banking security, Marchini advises using your cellular network.
Hacking your data: Hackers can steal your money remotely
Hackers have created malicious software (known as malware or Trojans) that attack bank apps. If you're tricked into downloading malware onto your phone, a scammer can spy on you and steal your mobile banking username and password.
Install an effective mobile anti-malware / anti-virus software on your smartphone and keep it updated. Be aware of shoulder surfers. Be extra careful while typing confidential information such as your account details and password on your mobile in public places. Do not download unwanted apps on your mobile.
Introduction: My name is Jonah Leffler, I am a determined, faithful, outstanding, inexpensive, cheerful, determined, smiling person who loves writing and wants to share my knowledge and understanding with you.
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