is online banking safe and secure

 

Is Online Banking Safe?

Online bankingThe basic concern in the mind of people related to online banking is the level of safety. It was a matter of thought how much safe online banking is. There was an issue that the website might get hacked or may be the customers own computer gets hacked and all the personal details and the details of banking can go into wrong hands. If such thing happens then it would be a great drawback or we can say a disastrous situation for the bank itself. Thus they bound many safety measures and ensure a good safe and secure website away from all issues. And because of this safety we are able to use online banking service so confidently.

What steps are taken by banks to protect you and your money?

• There is a systematic and sophisticated encryption which is used to convert all your information into code before it is transported over the internet.  Thus, by doing so if this information gets into someone hand who wants to use it in a mala fide way then also he won’t be able to read this information.
• There is some of the online banking sites who have started to put up some of the other security measures also before you can have access to your account.  Say for example it might be possible that you may get a handheld device which reads up bank card of yours. Every single time when want to log in you will require to slot the card in the device and punch in your pin number. After doing this you will have access to your account.
• There is limit set by most of the banks. If the details are entered by you wrongly for more than three times then you will restricted by trying it again. The last solution for this is that you need to ask your bank for resetting your log in and then you can access your account with the new log in. This is an effective measure taken by the bank offering online services for preventing the fraudsters and hackers to enter the details repeatedly.

What steps you should take to protect you and your money?

• The details of your account such as your username and your password must be kept secret.  Never ever write them somewhere and if written don’t leave it at a place where anyone would find them.
• Don’t forget to log out as soon as you are done with your banking. Most of the online banking sites are such which will log you out automatically if you are logged in and not using it for a particular period of time for security. But you should not be relying upon this you should always make sure to log out yourself.
• If you are operating your account from a public place like library or cyber café then make sure that no one is watching you and take a look around to make sure there is no CCTV camera pointing at your computer.
• Make sure you don’t send email which possess password or any account number in it.