Online banking is quite a handy way to keep track of your finances. You simply log in through your bank's website, and you can do things like transfer money to people or other accounts, pay various bills and order cheque books. Online banking also allows you to get financial deals which consume much time in offline world. For convenience sake, you can't beat an online bank! And as a result “Online Banking” is getting famous everyday. But one should be very careful about his online bank account information as the hacker has many ideas to steal your money. We'll see some popular attacks on your money, and what you can do to prevent them.
The most common way that a criminal will attempt to deal with your money is through something known as Phishing. Phishing is pronounced FISH-ING. It's the Internet's equivalent of this popular sport. Here the fisherman is a criminal, the bait is usually an email that attempts to panic you into action, and the fish is you!. Commonly hacker sends you the e-mail in the name of nationalized bank asking the username and password and they also add the content which makes you consider the e-mail as of bank indeed, secondly they add the website link similar to the bank website but link it to their own created website which acts similar to bank websites or redirects to a infected website which is able to steal your keystrokes!
Here are some safety measures to safeguard your online bank account.
- Your bank will NEVER send you an email asking for your login details! Therefore never respond to such emails and just ignore them. Just push them to SPAM folder of your email account and get rid of them. You can even submit them to your bank’s IT department if you are getting the phishing emails regularly by the same email id.
- All browsers have padlock icons (In IE it is located in the bottom right of the screen whereas it is present in the address bar in Firefox and Google Chrome browsers). These are supposed to tell you that the site is using security measures. Do not use your online bank ID and password in the website where this padlock is absent.
- Click on the padlock and you'll see information about the security certificate. These certificates ensure the security of website. But Make sure that the certificate has not expired.
- The address for a secure site normally starts with “https://” prefix. If the "s" is missing, it's not a secure site for transaction.
- Final and the most important measure is - do not login to your online bank account from cybercafés or from public networks. In these places you can never be sure that your data is safe from prying eyes. Also, what if you forget to log out properly? The next person who uses the computer could see all of your details, and have access to your bank account!