Online banking transactions have greatly helped as it provides a convenient way to make bill payments, transfer money, and do other transactions. Nevertheless, it has its own risk as cyber criminality remains high.
Phishing, Vishing, and skimming are some of the common ways cyber criminals use to extort money from victims. But there are ways to protect yourself from fraudulent acts. Here are the 12 DON’T do especially if you are doing online banking transactions from the nationalcybersecuritynews.
1. Use a public Wi-Fi connection when doing online banking transactions.
Avoid using public Wi-Fi internet connection especially when doing online banking transactions. Generally, public Wi-Fi doesn’t provide security to users, thus hackers can easily exploit it.
2. Charge your mobile phones in any public charging stations.
There is such a thing called juice jacking where hackers use USB cable to steal data. Therefore, avoid charging your smartphone just anywhere. Better to bring and use a power bank instead.
3. Use Google in searching for the bank’s customer care or other important number.
To get bank’s information like phone numbers and email addresses for queries, always use the bank’s official website.
5. Ignore or delay Android security updates, keep it updated.
Every now and then, Android provides updates to all users. This is usually to provide more security, and other issues on the smartphone. The latest security patches that hackers find difficulty to overcome are usually available in the latest OS.
6. Click on any bank or payment-related links sent via email or SMS, unless you trust the source.
Avoid clicking links from text or email messages. Cyber criminals usually make their messages urgent so that you act on making banking transactions without much thought.
7. Share any sensitive information on any social media platforms like Facebook, Twitter, and Instagram.
It’s not advisable to ask questions or to share your grievances on any social media platform. You might unknowingly expose your info that hackers can manipulate. It is safer to use Direct Message or DM feature with your bank.
8. Use weak passwords for online banking.
Avoid using easy to remember or weak passwords as they will make you more vulnerable to cyber-attack. Having a strong and unique combination password reduces the risk.
9. Miss changing online banking password regularly.
Frequently changing your online banking password can provide more security to avoid becoming a victim to cyber criminals.
10. Link your mobile numbers and email IDs that you rarely use with your bank account.
This will help you track your banking transactions, and also helps you if unauthorized transactions may occur.
11. Share any sensitive banking information with just anyone on the phone.
Cyber criminals can sound like a representative from your bank. When asking for your banking details, be cautious. Remember that the bank will never ask your personal information.
12. Be generous in giving permissions to just any apps on your smartphone.
While it is troublesome to read through the policy agreement, it is much safer to do so. Don’t give away your permissions to just any app. Doing so can be risky for you.