No one likes to be taken advantage of. But in today’s world of online banking, there are plenty of cyber thieves looking to do just that to unsuspecting people.
That’s why it’s important to always be on high alert when conducting online banking transactions and related financial activity via the internet. At Bank5 Connect, your online security is one of our highest priorities. So much so that we want to share some best practices to keep your online bank accounts safe and secure, whether they’re with Bank5 Connect or another financial institution.
- Consider using a separate computer exclusively for online banking to protect it from malicious software, also known as malware. Malware is often contracted while browsing the web, using social networks, sending and receiving email, or playing online games.
- Use online or mobile banking to check your accounts on a regular basis, such as once or twice a week. Frequent checks will help you identify, and act on, any suspicious activity.
- Take advantage of email or text message alerts offered by most banks. These account notifications can alert you when your balance falls below a certain level or when there is a transaction over a certain amount. Some banks offer alerts for suspicious account activity as well.
- Set strong, unique passwords and change them on a regular basis. You should use passwords that are at least 8 characters long and include a combination of symbols, capital and lowercase letters, and numbers. And remember to make your passwords hard to crack. It’s never a good idea to use common words, or the names of family members or pets as passwords.
- Never use the same password for several accounts, and don’t share your passwords with anyone.
- Always fully log out of your online banking sessions. And once you’re logged out, close your browser for additional security.
- When you’re logged into online banking, never leave your computer or device unattended.
- Update your device’s security software, operating system and browser on a regular basis.
- Only conduct your online banking business from a secure internet connection. Never log into your account from a public computer, or a public Wi-Fi network. Free Wi-Fi in a hotel or coffee shop might be convenient, but it’s not worth the security risk. If you must access your online banking account on-the-go, it’s much safer to use your phone’s cellular network than a public Wi-Fi connection.
- If you’re using a computer for online banking, ensure that it has firewall protection. A firewall creates a barrier between your computer and an external network, such as the internet. This controls incoming and outgoing network traffic and helps screen out cyber criminals, malware and other damaging intrusions.
- Make sure you’re using an encrypted wireless connection at home.
Being vigilant about your online security, and staying on top of your account activity can go a long way toward protecting your bank account from cyber criminals. But remember, if you do spot any suspicious transactions in your account, alert your financial institution immediately. The sooner you identify fraud and notify your bank, the greater your chance of a speedy resolution.
For more information on how to stay safe online, visit http://www.bank5connect.com/home/security/fraud-prevention.