Online Banking Frequently Asked Questions
Saturday, February 4th, 2012
Online banks mostly have a set of rules and regulations for online dealing which they explain prominently on their website. Since customer data security is of utmost importance, online banks prefer direct-modem connection over the internet which is easily accessible and hence unsafe. If the latter is the case very capable computer geniuses use encryption codes with high end algorithms such that your data cannot be accessed (hacked) by anyone other than the intended user. Other safety measures for online transactions include: providing your password and PIN (personal identification number). You should change PIN and password often and also make sure that security settings are working which read “SSL Secured(128 bit)” on internet browser. This SSL protocol ensures a high security level of the encrypted kind between your web browser and the bank’s server. Finally, you need to keep your eyes open to see the address bar and make sure the bank URL reads (https: ) instead of (http: ); the extra ‘s’ is proof of a secure connection.
There are instances when online banking isn’t so safe. Hackers are always on the prowl around the main banking system. Secondly, it isn’t safe to click on unknown hyperlinks which prompt you to click to be taken to your banking website. Thirdly, ‘spy ware’, which comes from installed software, gathers your private information for advertising purposes by a background mafia. Fourthly, there is employee theft which is almost unavoidable in any case where you make dealings even in real life.
You would be glad to know that there are some tips you can follow to protect your transaction from the risky online situations.
-Do not respond to amateurish looking emails, (seemingly) from your financial institution, prompting you to enter your account details on a website.
-Use virus doctors which monitor your spyware or adware if any have crept into your computer.
-Banks will always have a fool-proof firewall, but you can also install one to get a very secure internet connection on your side as well.
-Installing ant-virus software checks your internet files beforehand and issue warning in case of malware when you are downloading.
-Never tick the option of password storage on Windows as this makes access easy to your account on a shared computer.
-Do not use PCs at unknown places like internet cafes or even friend’s place.
-Be a little imaginative and use a variety of words for your password rather than typical personal details known to everyone.
Finally, try to be aware of any news item that attempts to warn online user of any upcoming or present-day virus.
Simple interest can be confusing, and checking account is here to help.