Tips for safe online banking

In today’s zippy times, online banking is more popular than ever. Read the article below to discern how to protect yourself from fraud.

Security is the most essential thing when effecting financial transactions online. With hackers all around, we should be awfully vigilant with our personal and financial information. On the other hand, most online banking services are justifiable services that can save you time and money. Mull over the subsequent tips to safeguard your information while benefiting from the immense advantages online financing has to offer.

Even though statistics show that online banking fraud has fallen by over 32% over the last year, online banking users still need to be on their guard.

Criminal gangs are all the time formulating new-fangled ways to get their hands on your money and you can help restrict the tide by adhering to a few easy to follow steps.

10 Tips to protect yourself from online banking fraud

  • Regularly log in and check your statement, looking for unusual transactions.  Immediately report unfamiliar items to your bank
  • Never respond to emails or phone calls that purport to be from your bank and ask for your security information
  • Never leave your computer unattended when logged in, and always log out properly when you’ve finished your banking session
  • Avoid public computers for online banking
  • Make sure your wi-fi network is secure, to prevent unauthorised users accessing it
  • Don’t open emails from unknown sources as they may contain a virus
  • Install the latest anti-virus and anti-spyware software, use an effective firewall, and keep them all up to date.
  • Keep your operating system up to date.  You can do this by setting your computer to receive and install updates automatically via the internet
  • Keep your web browser up to date.
  • Don’t write your passwords down in full or share them with anyone

How safe is your bank?

Most banks worldwide this year uncovered widely varying levels of online security. Almost all banks have certified anti-virus software with good login security and logout performance and an overall score of 69%.

What must you do if you fall a victim of  online banking fraud?

Contact your bank as soon as you spot any suspicious transactions on your account.


Author: Nicole Judy

Nicole Judy is a Wealth Specialist with one of Singapore's largest specialist financial planning organization also play as a Financial Adviser. As a financial planner, Nicole Judy currently provide professional portfolio advisory to corporations and individuals in the following specialties: Asset Protection and Insurance; Savings and Investments; as well as Legacy Planning, Wills and Trusts. He also specializes in unlocking investible cash from client's current assets and pride himself in providing a way for client to purchase assets with zero cash outlay and zero interests to service. In addition, Nicole Judy seeks to continuously upgrade himself by putting himself through challenges as well as learning from people from all walks of life. Specialties: Multi-currency Wealth Management Retirement Planning & Pension Transfers University Fee Planning Legacy Planning, Trusts & Wills Corporate Solutions CPF investments Life insurance, medical cover and health insurance Business succession planning Professional and Personal Development of People, Leadership and Talent Management, Team-Building with Team Ability Tools Unique Learning Process and Programs that Impact on Performance and Profits of Companies with Measurable Results Also, a Talent Scout and Talent Manager for Infopreneurs - Entrepreneurs who have a deep expertise in knowledge and share them via seminars and workshops.

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