• Home
  • News
    • Features
    • Latest/Upcoming Tech
    • Product Review
    • Tech Events
  • Technology
    • Computing
      • Hardware
      • Software
    • Mobile
      • Devices
    • Apps
      • Messaging App
  • Innovation
    • Startups
    • Smart Gadgets
    • Augmented Reality
    • Cloud Computing
  • Business
    • Internet Commerce
    • Tech Market
  • Tips & Tricks
  • Miscellaneous
    • Jobs / Career
    • Social Media
TheTechNews
  • Home
  • News
    • Features
    • Latest/Upcoming Tech
    • Product Review
    • Tech Events
  • Technology
    • Computing
      • Hardware
      • Software
    • Mobile
      • Devices
    • Apps
      • Messaging App
  • Innovation
    • Startups
    • Smart Gadgets
    • Augmented Reality
    • Cloud Computing
  • Business
    • Internet Commerce
    • Tech Market
  • Tips & Tricks
  • Miscellaneous
    • Jobs / Career
    • Social Media
Internet Commerce

Is it Safe to do Online Banking?

by Emily Forbes
-- October 6, 2020
Is it Safe to do Online Banking?

In this modern era, online banking is emerging in almost every aspect of life, whether if it’s business or for personal use. Online banking has become a need to survive in the community because gradually the whole world is becoming digital.

It doesn’t matter if you have lots of bricks and mortar account, you still won’t be able to walk parallel to the modern period until you don’t have an online banking account. So it is clear that no matter what, you must have an online banking account.

But here arises a big question: is it safe? Well, of course, it is safe but only as much as the brick and mortar accounts. Just like building banks, online banks also have some risks of theft and robbery.

Risks in Online Banking

Doors, Choices, Choose, Open, Decision, Opportunity

Phishing mails

When you are making an online bank account, there is a high chance of getting phished. Phishing is an online theft in which the victim has been sent a mail which includes a fake link that looks like that it has been sent to the victim from his or her bank. So when they click the link, they are provided with a form. Thinking that the form belongs to the bank’s website, victims fills it with their personal information and sends them to the criminals. And that’s how you get phished.

Keylogging

When you are using public Wi-Fi, there is a high chance of becoming a victim of Keylogging. Keylogging is a theft in which the software hacks your camera and records the strokes on your keyboard, thus stealing your passwords and other sensitive information.

Pharming

Though this one is a rare theft as it is a bit difficult for the hackers, still pharming does happen in a few cases. In pharming, the hacker hacks the URL of your bank and when you visit your bank’s site, it’s actually a fake site that you are visiting and when you provide your personal information to that site, it all goes straight to the criminals.

Identity Theft

Fingerprint, Unlock, Network, Man, Thumb, Business

In identity theft, the hacker doesn’t directly attack account, instead, it hacks your identity, for example, he hacks your social security number and other information regarding your identity. And after that, uses this personal information to hack your online bank account. 

Trojan

A trojan is a virus that enters your computer when you visit or download the stuff from an insecure website. Once the Trojan gets access to your computer, it steals all your sensitive information including your password and account details.

Precautions to take

Many custom software developed secure and automated banking system that are installed by the banks to keep their customer secure. These security measures will do nothing if user doesn’t play his role. If you want your online account to be secure, you would just have to take these simple security precautions.

Use Anti-virus Software: Installing a genuine antivirus software can be a great help to protect you from foreign entities like Trojan and Keylogging.

Find a good savings account: It doesn’t matter if you have a lot of brick-and-mortar accounts, you still won’t be able to walk parallel to the modern age until you have an online banking account. There are numerous options available for online checking accounts. You can also find a good savings account online too. It can be connected to your checking account as a whole or be completely separate from it. The bottom line is that an online banking account is almost essential to thriving in today’s technologically-advanced world.

Don’t Use Public Wi-Fi: If you don’t want someone else to take sneaks peaks of your personal information, then stop using that public Wi-Fi which you often use while sitting in a café or a restaurant, yeah I know using free things is fascinating, but not much if it costs you your bank account.  

Change your password often: you must change your account’s password’s regularly to eliminate the risk of theft.

Don’t Sign-in through Mails: stop signing in through email, visit the original sites to do so.

Avoid Using Public Computers: Public computers are used by different people for different purposes. These system can have any kind of activity recorder or send data to specific address.

Be careful when banking on your mobile phone: With most financial institutions offering banking apps that allow you to bank online from your mobile device, it is important to remember that the same precautions should be taken whether banking online from your laptop, desktop PC, or mobile phone. If your phone is too old to support the latest anti-virus software, check out phone deals online and find an device that allows you to bank online while keeping your information safe. 

Final Verdict

Most of the banks have already added extra layer for security i.e., transaction OTP, transaction password and telephonic confirmation after transactions. Still, threats are there. Anything which is on internet isn’t safe. Many big internet companies have been hacked and announced their data breach. Keep yourself save by following security measures.

Author | Emily Forbes 

An Entrepreneur, Mother & A passionate tech writer in the technology industry!

Email:- forbesemily@yandex.com

ringid
Related Items
Click to add a comment
Internet Commerce
October 6, 2020
Emily Forbes @forbesemily@yandex.com

An Entrepreneur, Mother & A passionate tech writer in the technology industry! Contact Email:- forbesemily@yandex.com

Related Items

More in Internet Commerce

credit_card_readers_the_technews

How to Make Online Transactions Securely!

Emily ForbesAugust 22, 2020
Read More
food-future-year-2030

Caspian Monarque: One-Stop Online Store for the Best Caviar in the World!

Emily ForbesAugust 11, 2020
Read More
AI and machine learning is being use to replace green screen by Youtube

Qualities To Look For When Selecting An Elearning Content Provider!

Emily ForbesJune 25, 2020
Read More
best_practices_online_business_the_technews

5 Key Steps For Transitioning Your Physical Business Online!

Emily ForbesJune 19, 2020
Read More
bitcoin_wallet_security_the_technews

What Are All the Things One Should Keep in Mind While Trading Bitcoins?

Emily ForbesJune 18, 2020
Read More
earn-money-from-website-the-tech-news

How Online and eCommerce Businesses Have Been Impacted By Covid-19!

Emily ForbesApril 18, 2020
Read More
Personal-Finance-Management

The Evolution of Trading Methods!

Emily ForbesMarch 21, 2020
Read More

The Best WordPress Themes You Can Get In 2020

Emily ForbesFebruary 20, 2020
Read More
Bitcoin is continuously

An Overview Glance On Bitcoin Era Predictions In 2020!

Emily ForbesDecember 8, 2019
Read More
Scroll for more
Tap

Join Our Newsletter

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

we respect your privacy and take protecting it seriously

Top News

  • big-data-experts
    Reasons Why Organizations Need Modern Integration Platforms!
    Big DataFebruary 18, 2021
  • best_practices_online_business_the_technews
    Implement Business Analytics and Cut Costs!
    BusinessFebruary 18, 2021
  • Effective SEO Techniques to Drive Traffic to Your Website Today!
    Tips & TricksFebruary 17, 2021
  • The Internet of Things in 2021!
    InnovationFebruary 16, 2021
  • Can You Eliminate Shipping Damage?
    InnovationFebruary 15, 2021
  • SmileDirectClub Partners with MetLife to Democratize Orthodontic Care
    Health & FitnessFebruary 14, 2021
  • How to Use Business Analysis Tools in Your Company!
    BusinessFebruary 11, 2021
TheTechNews

A technology media that aims at the latest tech news, events, gadgets, tools, innovations, startups and many more.

    NEWS

  • Features
  • Latest/Upcoming Tech
  • Product Review
  • Tech Events
  • Technology
  • Innovation
  • Business

    Hardware & Software

  • Computing
  • Hardware
  • Software
  • Mobile
  • Devices
  • Messaging App
  • Tips & Tricks

    Others

  • Startups
  • Cloud Computing
  • Social Media
  • Internet Commerce

Copyright © 2016 www.thetechnews.com | Pages: ABOUT US | PRIVACY POLICY | TERMS OF USE | CONTACT US

How to Make Online Transactions Securely!