Tips for safe Internet banking

I have received a mail from one of the banks about safe internet banking tips. I thought of sharing the information with you all.

Email – The Bank will never send e-mails that ask for confidential information. If you receive an e-mail requesting your Internet Banking details like your PIN, password, account number, you should not respond.

PIN Safety – Never keep your PIN and ATM card /debit card /credit card together

Password Safety

• Your password should be complex and difficult for others to guess. Use letters, numbers and special characters [such as !,@, #,$, %, ^, &,* (, )] in your passwords.

• Do not use passwords that are obvious, like your name/nickname, names of your family members, your address, phone number, or any other information that a thief might find in your purse or wallet

• Do not use the same password as the one which you use to log in to your computer or access your e-mail

• If your log-in IDs or passwords appear automatically on the sign-in page of a secure web site, you should disable the auto-complete function to increase the security of your information.

• Change your Internet Banking password (both, log-in password and transaction password) after your first log-in, and thereafter regularly (at least once a month)

• Do not write down or save internet banking password in notepads or personal devices.

• Create and maintain different passwords for log-ins and transactions. This provides additional security for financial transactions through Internet Banking

Online Shopping

• Be very sure of the website address. The website address is reflected in the address bar of your Internet browser. This check is recommended every time you access any website from a link given elsewhere. Always type the website address into the address bar or bookmark the websites that you use frequently.

• Never enter, confirm or update your account-related details in a pop-up window.

• If you tend to use your credit cards for online shopping frequently, make sure that you sign up for the Verified by VISA and/or MasterCard Secure Code program(s).

• Confirm that the website is a secure one. Make sure any Internet purchase activity you engage in is secured by encryption to protect your account information. Look for “secure transaction” symbols.

• Shop only from reputed websites.

• Beware of online offers that require you to provide your account details “for verification”

Thought for the day

Safety is more important than convenience.

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