Don’t Fall Victim to Cyber Security Threats! How to Make Sure Your Banking Correspondence is Safe and Secure!
Taylor Pettis February 4th, 2020
If you’re doing any sort of online banking, you need to realize that this is prime territory for cyber attacks.
Studies show that banks get hit with about 85 cyberattacks per year — and 33 percent of those attacks are successful. Likewise, banking customers are often getting their information compromised.
It’s important that you get a handle on preventing attacks whenever possible.
When you want to make sure that your banking correspondence is safe and secure, consider the points in this article.
1. START FIRST AND FOREMOST WITH AN IRONCLAD PASSWORD
The most important steps you can take to protect yourself are often the simplest. Start by making sure that you have a high-quality password for your online banking.
When you choose a password that is considered strong when run through a system, you’ll know that it’s suitable for your online account. Be sure that you keep track of your passwords in a separate database as well.
2. BE MINDFUL OF THE INFO YOU GIVE OUT DURING YOUR BANKING CORRESPONDENCE
Once you’re logged in, you’ll need to be mindful of whatever information you give out.
If you live chat with an artificial intelligence (AI) chatbot or a live specialist, you’ll need to be sure that you never give out like your card numbers, account numbers, social security numbers or other relevant information. In most cases, your bank will stress to you not to give out any personal information at the beginning of a chat.
Always request a transcript as well so that you can keep it for your records.
3. MANAGE YOUR COMPUTER’S CYBERSECURITY AS A WHOLE
The best thing you can do to avoid threats is making sure that your system is protected as a whole.
Be sure that you update your software and browser plug-ins, keep a lock on your devices and consistently back up your data.
4. USE A BIOMETRIC SCAN FOR YOUR MOBILE ACCESS
Do business with a financial institution that has a secure and productive mobile banking experience.
This is not only a matter of convenience, but you’ll also need some mobile functionality to truly get the most out of your banking. In addition to the best user experience, ensure that you incorporate biometric scan technology as well.
For instance, you can set up your iPhone and other phones to scan your thumbprint, take a picture, respond to voice commands and other measures. This technology can be used as a gateway to getting access to your mobile banking.
By utilizing a biometric scan in addition to a strong password, you are doubling down on your security measures and better able to manage your banking information.
5. BE CAREFUL OF WHAT YOU CLICK ON
Studies show that close to 1 percent of all e-mails are phishing attacks.
Because of this, you will need to be careful about what you click on. In many cases, hackers will spread links that they can get you to click on to steal your information.
Be mindful of any and all links that you get from e-mails, even if it looks like they are from your financial institution. When in doubt, log on separately from the links included in the e-mail so that you don’t get duped into logging in to a false site and giving away information that can put you in jeopardy.
You can also run your links through a malware program to make sure that they are legitimate before clicking on them.
6. ENSURE THAT YOUR NOTIFICATIONS ARE ACTIVE
This way, you will be notified whenever your card is used or someone has logged into your system. Be sure that you customize your alerts to suit your needs and preferences.
Read about the Benefits of Using Banking Customer Experience Software
7. MAKE SURE THAT BANK SITE IS SECURE AND NOT A FALSE SITE
It’s important that you also do your due diligence by making sure the banking site you log into is secure.
The key to this is by making sure that it has an “https” address, rather than just an “HTTP” address. When an “s” is included, it denotes that the communication is secure and that other measures have been taken.
In this day and age, every site that exchanges important information of this magnitude needs to use this protocol. If you notice that your banking site isn’t using this protocol, you should click out immediately and assume that it is a mirror site intended to set users up to steal their information.
Discover How AI Is Used in Banking
8. LOG OUT AT THE END OF EACH AND EVERY TRANSACTION
Finally, make sure that you also end your sessions as soon as you are done. Log out of the site so that no one can log in behind you and get access to your information.
You should also do business with banks that will automatically log you out if your session has been idle.
Find out more about Document Creation Systems for Wealth Management
KEEP TABS ON YOUR BANKING SECURITY AND FINANCE
Anytime that you’re handling banking correspondence, it’s crucial that you look after your security needs to the fullest. These are the tips that will help you keep your most vulnerable information secure.
We can help you out when you need the technology that will take your company to the next level. MHC is part of FinXTech Connect’s technology partner directory for banks.
Contact us when you need to learn more about banking and digital security resources.