Online Banking Security Tips


With so many people going online to manage their money, however, threats have arisen. Hackers, malware and fraudsters abound, ready and eager to steal online-banking passwords and the money they protect. But you don't have to resign yourself to a world of unsafe banking. Here are 13 online-banking security tips you can practice before signing in to your account. Each will help ensure a safe online-banking experience.

Don't use a public Wi-Fi network

Though public Wi-Fi networks are easily accessible, you can't trust their security. These Wi-Fi networks are often not encrypted, making it easier for hackers to steal information from unsuspecting users.

Being wary of malicious, criminal or inappropriate websites :

  • Use your instincts and common sense.
  • Check for presence of an address, phone number and/or email contact – often indications that the website is genuine. If in doubt, send an email or call to establish authenticity.
  • Check that the website’s address seems to be genuine by looking for subtle misspellings, extra words, characters or numbers or a completely different name from that you would expect the business to have.
  • Roll your mouse pointer over a link to reveal its true destination, displayed in the bottom left corner of your browser. Beware if this is different from what is displayed in the text of the link from either another website or an email.
  • If there is NO padlock in the browser window or ‘https://’ at the beginning of the web address to signify that it is using a secure link, do not enter personal information on the site.
  • Be wary of websites which promote schemes that involve the recruitment of others, receiving money for other people or advance payments.
  • Be wary of websites that are advertised in unsolicited emails from strangers.