Internet Banking is very popular now which can’t be avoided on these days. The Internet banking has several disadvantages as well as advantages. The Internet banking is more popular now; because it is faster and easier than the traditional banking. Even though people love the online banking, many people fear about the online banking because of its less security.
The most noticed disadvantage of the online banking is less security. There are many hackers and viruses to take advantage of less security in online banking. The chances are high to be hacked our bank account and to lost our money during online banking, unless we have secured our online banking.
Here I am sharing you the most ten proven techniques to improve the online banking security.
#1. Validate The URL Of The Websites
The most of the internet banking users are still not bothered about where they are entering their bank password and username. There are some spamming websites to collect your bank password and username; these sites usually look like the official bank website.
So you should validate the URL of the website where you are entering the bank password. In any case, you should not enter your bank password and username in sites other than the official website of your online banking.
For example imagine that you have a bank account in Bank of America, the official website of the bank is www.bankofamerica.com. Then you shouldn’t enter your bank account password and username on sites like www.bank0famerica.com. These websites use the domains that look like exact of the official bank website.
#2. Enable Two Steps Authentication
Enabling the second step authentication will help to secure your online banking while your bank username and password are being hacked. Almost banks provide the second-factor authentification which can be in different forms.
The most used second-factor authentication is to provide a code or password for a short time while doing the online banking. This password is usually sent to their mobile phone or email address and is known as OTP or One Time Password. This is an automatically generated code which will be reset after one or two minutes.
#3. Use Antivirus Software
I have already said that there are many viruses online that will collect your bank username and password. Install a browser protection software or an antivirus software to protect your online banking account from hackers.
You must check your browser regularly for unwanted extensions. Some extensions can access your password and username while you are login to the official bank website.
#4. Use A Strong Password
Username and password are the tools for identifying and validating the user account, which might be secure and very healthy. Most of the people are still using rememberable words as the username and password, which causes to be hacked their bank accounts.
You should use a secure password for your online banking; it should not be a rememberable word or related to you. You don’t have to worry about forgetting the password, once you forget or lost your password you can reset it from the branch of your bank.
Another thing on choosing the password is, your password should not be related to your bank your bank username or your email address.
#5. Do Not Trust Open/Public WiFi
The another mistake done by people is doing the online banking while they are on Open/Public WiFi networks. To reduce the chances to be hacked your bank account, I recommend you do not use Open/Public WiFi for online banking.
Hackers can collect the username and password that you enter while you are on Open/Public WiFi networks.
#6. Avoid Replying To E-mails
The bank authority will never send you an Email that wants you to ensure the security of your online banking account. So you might not click or reply to the emails that want you to check the security of your bank account.
Many of the people have got their bank account hacked by responding to the emails which look like from the official bank authority. If you have received an email like this, you can contact your bank authority to ensure the source of the Email.
#7. Do Not Click On The Links That Offer You Money
You should never click on the advertisements or links that you offer money. Once you click on these type of links, they will redirect you to a new webpage, and they will ask for you to enter the username and password of your bank account to send you money.
But you are not going to have the money anymore; remember that there is nobody to provide you money for free.
#8. Turn On Account Activity Notifications
Most of the banks provide an option to set up the event notifications which will notify you when your online banking account does an activity. You will get notifications via your email or mobile phone when a transaction is done, or you have logged into your account from a new computer or mobile.
You can setup the account directly from your online bank account or the branch office of your bank.
The security is not going to be done by only these techniques, but it also depends on how you are bothered about your online banking.