Five Things to Remember While Doing Online Banking

Online banking is becoming the most sorted way of making transactions and payments. However, without proper security measures, the account might be vulnerable to potential security threats. This page tries to provide a few steps to protect the account from these attacks.

Amidst the COVID 19 pandemic, more and more consumers have switched to online banking for financial transactions and other things. Online banking has its benefits, and when done correctly one can do a lot of things quite easily. Starting from easy access to financial accounts to viewing payments or deposits on demand made through multiple accounts. Probably that is the reason why most millennials prefer using internet banking services for the transaction.

However, banks in Wareham MA point outs, for banking via the internet one has to take some protective measures. You see, online banking gateways are one of the most common targets for online criminals. Thus, taking protective measures while banking via the internet can assist in keeping the personal and business accounts secured.

Here are few of the safety measures that can help in keeping the account protected:

1. Making friendship with alerts and notification

Notification and alert tip you about suspicious activities or transactions taking place in your account. For instance, if you notice suspicious new debit card transactions or bank transfers, then report the event to the bank immediately. Additionally, notification about new loggings for unknown devices should also be reported.

2. Running two-factor authentication (2FA)

The two-step verification, 2FA, or dual-factor authentication, is often regarded as a more secure way of entering the banking account. Here the account holders, to verify themselves, have to provide multiple authentication factors. In this method, the first has to provide a password. In the next step, as a second security measure, they provide a security token, fingerprint, or facial scan to enter the account. Thus, making it impossible for any third-party to enter the bank account, keeping the account safe and secured.

3. Looking out for lock symbol on the address bar

The padlock symbol on the address bar of the browser ensures that the data sent through the browser to the server is encrypted and difficult to hack. Websites dealing with sensitive data like your online banking page.

P.S: Beware of making purchases from websites or payment gateways where the padlock symbol is open. The website might not be secured enough to pass the information.

4. Do regular software updates

The regular security updates help comes with essential security patches meant to keep the data protected from hackers. Plus, these updated apps come with additional features, which can make the life of the user more comfortable.

5. Using a strong password

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A strong password is always the first key to making the online bank account secured. According to the IT specialist managing multiple banks in Wareham MA, the password should be long, complicated, and a mixture of letters, numbers, and phases.

P.S: Try the L33T Me+hod – a system of replacing the words with alternate special characters. It makes it guessing the password more difficult, thereby making the unauthorized entry more difficult.

Overall, these security measures make internet banking a more secured and safe experience for users.

Want to know more about online banking and numerous other banking services? Then, your trusted credited union, PCT Federal Credit Union can help you in every way. For more information, visit http://www.pctfcu.org/ or call 508-291-0777.