In the advent of online services, banks and financial institutions have embraced the use of web technologies to extend financial services online. This doesn’t come without certain risks—especially with the sensitive nature of information, accounts, and transactions that online banking entails. The good news is that safe online banking is possible if you know how to keep yourself secure and protected when conducting transactions online. Robust online banking security systems are also in place to reduce clients’ vulnerability to different kinds of online banking risks and threats:
1. Two-factor authentication systems. The best online banking services are equipped with multiple-factor authentication (some two, others more) to help keep clients safe when banking online. These systems make use of devices that generate unique codes every time an account holder logs in. Codes are valid only for limited periods of time and are required additions to standard login credentials when accessing online bank accounts.
2. Computer and device security. Consumer-end security is also crucial in keeping online banking secure. This is why it is crucial to keep the computers and devices from which you access your online banking account up-to-date with the latest software and security updates to protect yourself from vulnerabilities and more sophisticated cyber threats that are being released almost daily. With malware, keyloggers, and Trojan viruses becoming stronger by the minute, you cannot afford any holes in your security system if you want to protect your financial and personal data from unscrupulous cyber hackers.
3. Password strength. Arm your account with a strong password based on the online bank standards. Refrain from using a single password for all your accounts—while this may seem more convenient, it can also be the death of your online accounts once your password has been compromised. Make sure to use a good mixture of characters that will make it difficult or impossible for decryptors to crack your code and access your accounts without your knowledge. Avoid using common phrases or words and refrain from using your initials, name, or even your date of birth. Change your password as often as needed or as required by the online banking system.
For safe online banking, trust only Queensborough National Bank and Trust and its range of secure, easy to use online banking tools. QNB has some of the toughest online banking security protocols to help ensure your protection as you perform financial tasks and transactions online, from viewing your statements and check images to paying your bills, scheduling transfers, making loan payments, and reordering checks, among others.
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