Are you protected during your online banking?

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Pau Monfort
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At the end of 2018 there are few users who do not use, even occasionally, a online banking service- Check your account balance, transact and even download receipts and notifications from your bank. Banking entities are making great efforts to digitize banking management with their customers securely so that you can access your Internet banking products from anywhere and at any time, without having to be tied to the opening hours of the public.

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However, despite this effort to improve the security of online banking, it is still necessary to strengthen the weakest link in the chain: the user.

Cybercriminals know it won't be easy to attack the bank directly to empty their coffers, which is why the focus on vulnerabilities of customers and users of online banking services, if proper precautions are not taken and, through a wide range of tricks and deceptions, stealing the user's credentials. And you, you are protected during your online banking?

In fact, using common sense, you have already won much of the battle and will be able to operate safely online. The only thing you will need is to have a safe environment from which to trade with your bank. Let's see some of these tips for safe online banking.

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Use a secure network

Always use a secure network to perform online banking or online banking transactions. This is one of the key tips for doing online banking because if you connect from an open Wi-Fi network or if you don't have the minimum guarantees of protection for your data, anyone with basic technical knowledge and bad intentions, could be connected to the same network and monitoring traffic to get your bank credentials.

Therefore, when it is necessary to work with sensitive data such as your own Bank online, use only networks protected by a password, for example from home or your workplace. Avoid wireless connections and opt only for Wired LANs, provided they are reliable.

Keep your computer and security software up to date

The other fundamental pillar in the security of banking transactions via the Internet is to do it is from a safe and well-protected device, because if the computer is compromised or infected with a Trojan, malware or any other malicious program, it could be diverted to the cybercriminals, who would use it to plunder the account balance.

To avoid this, the computer from which you are banking must always be up to date on the installation of all operating system updates, installed programs and, above all, to have up-to-date security software to ensure connections.

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Some of these cyber security solutions have specific modules for protect the security of banking operations. This type of security solutions, not only protect your computer from virus or malware infections, which is no small feat - they also protect Internet banking and payments by protecting you and your family when dealing with online banking.

Do not access your bank from the post office or from advertisements

If you have received an email from your bank telling you that you have received money or have updated your details under the threat of blocking your accounts, it is more than likely a fraud just trying to appropriate the credentials for accessing online banking.

Your bank will never send you an e-mail to have you enter your login credentials, so you should never log into the bank by clicking on any of the links included in these e-mails or from advertisements or external sites.

To make the deception more plausible, cybercriminals mimic the look of your bank's website to make you believe it is really your bank, but in reality they are only looking for your login credentials. This is also known as Phishing.

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This brings us to our next tip, use only secure browsers to access your online bank, it will also help you to avoid phishing for accessing the database.

Use a secure browser with data encryption

The browser is one of the key pieces in establishing perfect navigation between you and your bank. To do this with full security guarantees it is best to do it from a browser that does not have extensions enabled so that in the event of a security vulnerability of these extensions, cyber criminals cannot use it to compromise database access.

At this point, i banking protection systems integrated into computer security solutions are very useful because they allow you to establish a safe navigation channel with banks, without the user having to worry about the technical details or complicated configurations hidden behind them.

Since the user can interactively configure which web addresses are opened with the encrypted and secure browser of the banking security system, just add the web address of your online bank or payment platform in this security tool.

In this way, if as mentioned in the previous advice, suffer a phishing attack, you will know that, when the secure browser does not open automatically when you log into your bank's supposed portal, you are not really visiting your bank, but a page created to deceive you.

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Pay attention to what you write and where you write it

Directly connected to the security and protection of the PC you use for online banking, we find another ploy used by cybercriminals to obtain login credentials to your online accounts: i keylogger.

Keyloggers are very simple programs whose only mission is to record keyboard keystrokes, send everything you write to a remote server from which cybercriminals only need extract the access codes to your online bank,

Keyloggers can be installed on the disguised computer after installing any other legitimate infected program and remain invisible unless you have the necessary computer security tools to unmask them.

For this reason, it is important do not access online banking from public computers (cybercafé, hotel, etc.) or from computers without reliable or obsolete IT security solutions.

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Use unique secure passwords for online banking

Yes, that's right, passwords are a real hassle and hard to remember them all, but the safety of your money is worth the effort to create a secure password and use it exclusively for that online banking service.

To do this you must never use either your name, telephone number, date of birth or any other information that dates back to you, because cybercriminals use theSOCIAL ENGINEERING to approach directly and understand this data is relatively simple, just visit the social network profiles.

Try to create a password that contains between 6 and 12 characters, in which you have to alternate between uppercase, lowercase, numbers and signs (such as a + sign, asterisks, dashes, etc.) as long as your bank's platform allows it.

Obviously, since you've invested time and effort in creating a secure password for online banking, don't share it with anyone and don't leave it anywhere within everyone's reach.

Always log out

When you leave the house you close the door, when you arrive at your destination you get out of the car and close it, why not do the same with your online banking session?

After completing the online banking procedures, use the Logout or Logout button to end the session in the application. This way, even if you are not using a secure browser, which we strongly recommend you use, the next time you log into banking services you will be prompted to identify yourself with your login credentials.

Otherwise, if your browser remembers the last open session, you can access your account without having to enter a password or username.

Further Reading:

  • 10 tips to keep your online bank account safe
  • 5 simple ways to protect yourself from phishing attacks
  • How to find out if someone is spying on your smartphone
  • Safe play is within the reach of the app
  • What is Google One VPN?

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