Tips to secure online banking

Someone is currently attempting to gain access to your account and steal your money, identity, and data from anywhere on the planet. What evidence do we have? Year every year, cybercriminals kill a record number of fresh victims. By 2021, the deficit is estimated to exceed $ 6 trillion.

Scammers are aware of people’s locations. The FBI is warning that crooks are waiting to take advantage of the recent 200 percent spike in mobile banking signups recorded by Fidelity National Information Services.

You may have taken steps to protect yourself, such as installing anti-virus software. If you haven’t already, touch or click here to get three free Windows security downloads.

But even after that, you’re still not at work. Your financial status will be jeopardised if you do not incorporate secure online banking into your everyday routine. Here are five simple methods to make better use of your digital banking tools.

A quick word on the password

Setting a secure password may appear to be a no-brainer, but its significance cannot be overstated. To prevent hackers from accessing your personal financial information, you need a strong password, yet millions of individuals are using unsafe options like 12345678 or passwords.

You will only make things worse if you share your passwords across various websites and services.

This may appear to be a lengthy hierarchy, but if you have a plan in mind, coming up with unique, strong passwords should be simple. Let’s use T / V ho2nnL as an example of a strong password. It’s derived from a random sentence, in this case from a Metallica song. “Hold my hand and take a seat for a while.”

To get “tmhotnnl,” we took the first letter of each word. After that, we substituted symbols for related characters. The original song is changed to M / V, and “to” is changed to 2. Then we capitalise a few characters to make a strong, easy-to-remember password: “T / V ho2nnL.”

You can change your password for many accounts once you’ve created one like this. You may make it “T / V ho2nnLFB” for Facebook. “AmzT / V ho2nnL” might be Amazon. It is beneficial to maintain a consistent memory plan without losing security. For additional information on how to create strong passwords, click or click here.

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1. IBM

Try this free fraud protection against phishing and website hijacking. Phishing and website hijacking are two of the most common ways for thieves to obtain your personal information in order to commit identity theft and bank fraud. Anti-fraud software should be your first line of defence in order to protect yourself.

We propose utilising IBM’s Trustier, a free cybersecurity extension. This browser extension works with practically all major browsers on Windows and Mac, including Chrome, Firefox, Edge, and Safari.

It offers an extra layer of protection to your browser outside of your antivirus programme, preventing phishing attempts, website redirects, and harmful malware from taking effect. Before visiting your bank’s website, download and install this extension. It’s impossible to know what lurks in the shadows.

2. Protect your accounts using two-factor authentication.

To prevent unauthorised logins, most major banks offer two-factor authentication. You’ll need to input a login code given directly to your phone or inbox once 2FA is enabled. Hackers will be unable to log in if they do not have physical access to your device. Here’s how to set up two-factor authentication with the country’s largest banks.

Chase:

By default, Chase allows 2FA (also known as multi-factor authentication). When you login in to your account from a new device, you’ll be asked to confirm your identity using a text or email code. If you can’t complete the process because the file doesn’t have your phone number or email address, call the support number on the back of your card.

To enable 2FA for your Wells Fargo account, go to the option labelled Your Security Center in the Wells Fargo app or website, or tap or click here. You will be asked for a phone number in order to receive a security code. When you log in after verifying your code, 2FA will be enabled.

Bank of America (BofA):

Click Manage Safe Pass in the upper left corner of the BOA website after selecting your profile and settings. To acquire your security codes, you can then add one or more phone numbers. After that, you’ll need to confirm your debit or credit card information, so keep your card handy until the transaction is through.

Citibank:

By default, Citibank allows two-factor authentication. When you login in from a new device, you’ll be asked to confirm your identity with a text or email code.