Though the internet has made people’s lives considerably easier and more convenient, the technological revolution has also brought with it a bad side: hackers looking to steal your money. Banking has become more digitized, and it has become ingrained in people’s daily lives. Users have been driven to use financial services through the internet as their reliance on cellphones and the internet has grown. Though the internet has made people’s lives considerably easier and more convenient, the technological revolution has also brought with it a bad side: hackers looking to steal your money. Their duties are made easier because consumers occasionally fail to apply safety precautions when doing internet banking.
Tips on how to avoid being hacked
Don’t give out your personal information to anyone: Avoid giving out personal information such as your name, phone number, bank account number, date of birth, Aadhaar card, and PAN card to strangers. These are the specifics that can help you crack your password.
Regularly change your password: Make it a habit to change your online banking password on a frequent basis. Make sure your passwords are unique each time you use them and include numbers, letters, and special characters.
Fill in the following information for your internet banking URL: People frequently use search engines to look up the names of their banks and then click on the first link that appears. This, however, can lead you to problems because the link could be fraudulent or a user trap. To be led to the real website, always type the right banking URL in the URL area.
Don’t use public computers to log in: Public computers are extremely vulnerable to hackers and should never be used for financial purposes. Thousands of individuals use these computers, and you never know what software is tracking your username and password information.
Always use antivirus software that has been licensed: Using licensed antivirus software actually aids in the creation of a barrier against hackers. Antivirus software helps protect your computer against malicious file downloads, online hacker links, and other forms of cybercrime.
Check your savings account on a regular basis: Keep an eye on your account balance at all times. Inform your bank or the police once if you see any unusual transactions or activities.
Banks’ net banking systems are quite secure and resistant to hacker attacks; yet, following the above guidelines will keep you safe from any unwanted activity or cybercrime.
Multi-Factor Authentication should be used.
Turning on two-factor, multi-factor, or any authentication for as many of your online accounts as possible is arguably the most effective way to safeguard your online accounts. Along with a password, the method uses a secondary piece of information—often a code created by an app or transmitted through SMS.
Because the codes are frequently accessible on the phone in your pocket, this additional piece of information helps to confirm it’s actually you trying to log in. Even if you have an easy-to-guess password (which we’ll discuss later), an attacker will be unable to get access to your account with multi-factor authentication enabled unless they have your phone.
Use a password manager to keep track of your passwords: It’s easier to remember all of these random, secure passwords if you use a password manager like LastPass or Dashlane to keep track of them for you. Many password managers can also generate strong randomized passwords for you and do security audits to notify you when your passwords are weak or are being used across numerous accounts.
Become acquainted with imposters.
Take measures to acquaint yourself with these imposters, whether it’s a phishing scam or a card-skimmer at an ATM. At ATMs that have been hacked, there are generally indicators of tampering.
While phishing emails may appear legitimate, the email address from which they are sent is not. Before you click on anything, double-check for spelling mistakes, fraudulent email addresses, and fake URLs. Also, never give out your login credentials.