Online Banking Safety Guidelines

A majority of internet users use the online banking facility. Accessing accounts to spot fraudulent transactions is now easy, or so it seems. According to a research most of the bank sites have inbuilt flaws which could potentially put valuable customer data into the wrong hands. Though it is the sole decision of the financial institution to determine the level of firewalls employed to safeguard customer information, there are some basic rules which any online bank user should use to protect personal information and finances. Some of these general rules are mentioned as under: Websites starting with URLs such as “https://” are more secure than website URLs starting with “http://”. Especially when using passwords and PIN numbers one should look out for the extra ’s’ in the URL. If the URL is followed by the name of your bank or financial institution, it is a feature that authenticates the genuineness of the site. URLs followed by a ‘host’ name should be considered unsafe. Security indicators such as padlock and lock icons do not guarantee complete security and scammers now-a-days are able to duplicate such icons. Passwords and user Ids should be a combination of upper and lower case letters, numbers and symbols. Also the length of passwords should be more than adequate (8 or more is sufficient). Using common sense and not replying to any email claiming to be from the bank to provide passwords or information to update the accounts. Last but not the least, as far as possible avoid accessing bank accounts through internet cafe, or terminals at airports or railway stations.

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