subject: How to Do Banking Transactions Safely Online [print this page] Everything today can be done with just a click of a mouse button. From researching for your school report to making a transaction, all of this can be done online. Despite its efficiency, online banking is a very risky thing to do because all the information and financial transactions take place online. Yet, the Internet security industry is also catching up really fast by developing antivirus firewall software suites that help you curb malicious activities while performing online banking transactions.
Despite other security measures there are still many fraud reports that happen due to disclosure of the customer's personal details via-email or on the website. In choosing a website please make sure that it is secured with the SSL security certification symbol. There are points for a customer to perform a safer online banking transaction.
Once you open an online banking account, whether it is a business or personal account, it is a must that you get the details by mail like your account numbers, PIN number, etc. You can get all the details in a sealed envelope by post, so you should keep all the details in a safe place and never disclose them to anybody.
A very important consideration is to not disclose your login details and password. It is important to change them regularly but make sure you remember them. It is also a no-no to write them since the probability of its being found by anyone is quite big. Choose passwords that nobody can easily figure out, like combining letters and numbers or even adding special characters like asterisks.
Confirm that, when transacting through the site, you are doing so in secure and data-encrypted Web session before entering any of your personal or financial information through the forms on the site. When you are visiting an online banking website, check whether its Universal Resource Locator (URL) starts with "https". Non-secure website URLs usually start with just "http," while the extra "s" in secure website URLs signify that security measures have been set in place by the website maintainers.
Always sign out of your online account after using because if you are unable to perform such task on another PC then there may be a chance for someone to access your account.
If your browser's auto-fill feature is enabled, temporarily disable it so that whatever you type will not be saved on the local hard disk.
Be skeptical about companies that you do not trust or know. Do business transactions on the Net only with companies that you have verified to be trustworthy.
Monitor all of your online banking transactions. Make sure that you check regularly all your statements of account and diligently examine each charge reflected on the reports to check for any discrepancy, questionable purchases or transactions, or suspicious activity. Notify the bank immediately if that happens.
Never forget to examine your bank's online privacy policy statements, since banks are legally bound to provide you copies of their such policies and practices. Avoid--if at all possible--accessing online banking sites using public or shared computers and use only one browser window while you're making your online banking transactions. Temporarily disable File and Printer Sharing, as it may be exploited as a vulnerability and entry point for hackers and other malicious intruders who wish to access your sensitive information.
Maintain an up-to-date antivirus firewall software program and the apply your operating system's latest security patches. Installing an effective antivirus firewall software suite helps you prevent any unauthorized computer access. Update your trusted browser and operating system by downloading the latest versions which features new security improvements. There are recent malicious programs and threats that may enter your computer anytime.
How to Do Banking Transactions Safely Online
By: John Roy Foley
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