Online banking is a convenience few people can live without. It saves time and money, and puts all your financial data at your fingertips 24/7. But there are inherent risks in always having this confidential information just a few swipes, taps, and keystrokes away, not the least of which is the threat of hackers intercepting your account numbers or passwords.
To avoid becoming a victim of cybercrime, consider the following dos and don’ts of online financial transactions:
- Do install the latest security software from softwaresecuritysolutions.com as your first line of defense against threats. Remember that the most effective computer security comes in layers.
- Do create passwords that are at least eight characters long and use a mix of letters, numbers, and symbols.
- Do use your own computers, mobile phones, and devices for your transactions to help keep your information private.
- Do connect to your financial institutions via secure networks and make sure you shop or send wire transfers only on secure websites (often denoted by https://).
- Don’t use passwords that can be easily guessed, such as your spouse, children’s, or pet’s names or birthdays. Use a combination of UPPER & lower case letters, number and special characters that look like but are not a real word(s).
- Don’t use the same password for all your bank and credit card accounts.
- Don’t conduct financial transactions on your smartphone unless it is protected by ESET mobile security, as cyber criminals are beginning to increase their focus on vulnerable electronic devices.
- Never connect to your banking site through any links embedded in emails, since these could be phishing attempts.
Although the threats associated with online banking are credible enough to warrant your full attention, that doesn’t mean you have to give up the convenience of using your favorite financial websites or apps. As long as you run security software from softwaresecuritysolutions.com and follow the above list of dos and don’ts, you should be in very good shape.