With the advent of technology, we have been afforded a number of great luxuries. One of the most noteworthy is online banking, which can be done by simply clicking onto an app on your phone and logging in. The ability to check and manage your accounts from any location is nothing short of remarkable, but there are a few things to know about protecting yourself as well. Here are 3 ways to do so, courtesy of Robert Jain.
According to names in finance such as Bob Jain, online banking security hinges greatly on the type of WiFi connection you have. For example, if you log onto a network that doesn't require a password, this means that anyone else can log on as well. The drawback is that it becomes a target for potentially malicious activity, which puts your sensitive information at risk. Using a secure connection is an ideal way to go about online banking.
Let's say that you receive a phone call from someone requesting personal information. Perhaps they will say that they belong to your bank and that they need your PIN in order to access your account for safety reasons. The truth is that no one in any position of power will call you with a request like this, meaning that it should be viewed as a red flag right out of the gate. This is another way to stay safe when doing your online banking.
If you'd like to make online banking more secure, make it a point to change your password every few months. One of the reasons for this is that it will make it harder for others to break into your account, potentially stealing your information in the process. Your bank company can keep your account safe, but only to a certain extent. The efforts that you take are just as important, if not more so, and changing your password periodically can help.
As you can see, there is much to know about online banking and the level of security that should come with it. These are just a few ways to keep your account safe from others, whether you're out and about or inside of your own home. Don't think that these are the only tips that can be offered, either. If you make it a point to learn more, you will be able to go about online banking with a greater feeling of safety.
According to names in finance such as Bob Jain, online banking security hinges greatly on the type of WiFi connection you have. For example, if you log onto a network that doesn't require a password, this means that anyone else can log on as well. The drawback is that it becomes a target for potentially malicious activity, which puts your sensitive information at risk. Using a secure connection is an ideal way to go about online banking.
Let's say that you receive a phone call from someone requesting personal information. Perhaps they will say that they belong to your bank and that they need your PIN in order to access your account for safety reasons. The truth is that no one in any position of power will call you with a request like this, meaning that it should be viewed as a red flag right out of the gate. This is another way to stay safe when doing your online banking.
If you'd like to make online banking more secure, make it a point to change your password every few months. One of the reasons for this is that it will make it harder for others to break into your account, potentially stealing your information in the process. Your bank company can keep your account safe, but only to a certain extent. The efforts that you take are just as important, if not more so, and changing your password periodically can help.
As you can see, there is much to know about online banking and the level of security that should come with it. These are just a few ways to keep your account safe from others, whether you're out and about or inside of your own home. Don't think that these are the only tips that can be offered, either. If you make it a point to learn more, you will be able to go about online banking with a greater feeling of safety.
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For additional details regarding what you've just read, please consult Bobby Jain.. Also published at Robert Jain: 3 Ways To Protect Yourself When Banking Online.
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