stmSecure your Savings, Checking, and Business accounts online with these effective security methods I’ll share with you in this article.
Please read this whole post so that you do not lose any of your hard-earned cash over this holiday season.
Revolutionizing the Financial Sector
The advent of internet banking and mobile banking, among other financial technology, has caused a worldwide shift in the banking business.
Amazing are the perks and the freedom that accompany it. It would be incredible if you could manage millions of dollars’ worth of deposits, transfers, and payments from the convenience of your computers or mobile phones.
One of the many advantages is that. Using your bank’s online banking platform, you can do things like send money abroad, manage your ATM cards (by blocking or ordering new ones), see your account activity, download statements, and communicate with customer service.
We baby boomers who lived through the golden age of cash can attest to the convenience of internet banking. If nothing else, at least we no longer need to be vigilant about watching our backs when we carry about substantial amounts of money.
It is my sincere belief that it is important to share some financial security advice with you in order to safeguard your Individual, Business, and Corporate account data as the year winds down and the holiday season approaches.
And now we can begin.
Helpful Hints for Financial Account Security When Doing Business Online
1. Realize That Some Websites And Apps Are Cloned
In web design, a cloned website is one that mimics another in every way possible. Con artists often replicate online banking systems in order to cheat unsuspecting clients out of their credit card information, identification, login credentials, and one-time passwords (OTP) or tokens.
There was a website that appeared a few months ago pretending to be UNAFRICA’s and offering young African entrepreneurs a $25,000 startup award and10,000,00 training grant.
The original site was so well replicated that many were already fooled when they discovered it. Not to mention the theft of their identification cards.
Creating a domain name that is confusingly close to an existing bank’s name is becoming more difficult as a result of the efforts of domain registrars nowadays. You should use caution with these matters, however. Criminals are masters at evasion.
Finding a cloned website is as simple as looking at its URL. Make note of any unusual extensions, additional characters, or hyphens, such as ibb-ank.freexzywebhost.com.zp or ibbank.freexyzwebhost.com.zp.
You won’t find a legitimate bank with a domain name ending in “freexyzwebhost.com.zp” registered or hosted anywhere. Don’t be a victim of such cunning schemes.
- Find out how to immediately disable your account and ATM card using a USSD code, and make a note of the code to keep you safe.
By doing this, you will save yourself a great deal of unnecessary stress. If you ever find out that your financial information has been leaked, you may easily stop your account by calling the number that is in your contacts. The payment method or account will be immediately disabled.
Get the code out of the way first, then contact your bank’s customer support line.
Three, Get an Online-Only Prepaid Card
One of the best things about prepaid cards like the UBA Africard is that they do not need a specific bank account to use. No one can access your whole account balance or even the amount you placed onto the card if you lose it.
Plus, it’s completely customizable, so you may spend as much or as little as you choose each time you use it. It accepts USD or your local currency (whatever is applicable to your country) and has no minimum balance requirement.
No problems whatsoever have arisen in the almost two years that I have avoided using any ATM cards linked to my personal bank account. Money has always been there in my account, so I’ve never worried about it going missing.
- Never use a Questionable Password Manager App to Store Your Online Banking Login Information.
“Thank you very much, but I’ll pass” is my standard reaction if anything isn’t directly related to Google Password Manager.
Read the reviews on the Play Store or the Apple Store before installing any password manager.
You shouldn’t only look at the good ratings. Automated responses or paid endorsements make up a small percentage of them. If you’re on the fence about downloading and using it, read the bad reviews first.
No. 5: Never Access Your Online Bank Account From A Cyber Café
Cafe patrons’ personal information is vulnerable to hackers that target public networks and browsers.
Come prepared with your own laptop if you must use a café for sensitive operations like online banking.
One of the most important things to remember about online banking security is this.
Don’t hesitate to notify your bank of any suspicious activity.
Get in touch with your bank right away if you see anything out of the ordinary happening with your account, such as an OTP received to your phone without you taking any action online.
Immediate temporary blocking of the account should be considered.
Moreover, you should never provide sensitive information such as your one-time password (OTP), personal identification number (PIN), CVV, and others to anybody. Telling your pals about this will just place them in a position where they can defraud you later on.
Minimize Your Greed
The most common reason individuals are readily tricked by frauds, second only to a lack of knowledge, is greed.
Envision yourself receiving a message like, “Congratulations! You have been pre-qualified to receive $10,000 Covid-19 grant from the World Bank/government.” Give us your complete name, address, SSN (or BVN, depending on your country), date of birth, login ID, account number, and a current picture of yourself with your passport and photo ID by replying to this email or text.
“If the government or World Bank, doesn’t already have such information about me, how then did they prequalify’me’ for the grant?” is a better question to ask than to hastily answer with all that information in order to obtain the free money.
Would it be feasible for someone with a little understanding of you to single you out for such offers?
Is it something you, as the leader of that kind of organization, would do?
Take caution.
Lastly, Some Final Thoughts on Online Banking Security for You
Having a safe financial future is, as I’ve said before, everyone’s responsibility. Never give out your bank account information.
Your Savings, Checking, and Business accounts online will be secure if you follow these security precautions.
Also Read
Unity Bank Internet Banking Registration, Activation And Login Guide
FCMB Online Banking Registration Guide: How To Get Started And Register For FCMB Internet Banking
Zenith Internet Banking Registration & Login: How To Register For Zenith Online Banking
Polaris Internet Banking Registration & Login Guide: How To Register/Login On PolarisXperience
stm