While online banking has made it easier and more convenient for people to manage their finances, it also creates new opportunities for cybercriminals to steal sensitive information and commit fraud.
A few days ago, I saw the news that someone’s online bank account was compromised. The story goes as follows: The seller received a link from the buyer which was supposed to deposit money into the seller’s account but instead, it took money from the account. How can we prevent such things from happening to our friends and family or to us?
Online bank accounts can be compromised in various ways, such as phishing scams, malware, or by exploiting vulnerabilities in the bank’s systems. To reduce the risk of your online bank account being compromised, it’s important to follow good cyber security practices, such as using strong and unique passwords, keeping your software up-to-date, and being cautious of suspicious emails or messages. It’s also important to monitor your account regularly for any unusual activity and to report any suspicious activity to your bank immediately.
There are also videos circulating in WhatsApp and other social media platforms on how people lose money. This creates panic among online banking users. Most of those videos are produced on hear say information. What we can do on our part is to help our family and friends, by advising them on the good practices of maintaining a malware free phone, computer, tablet, etc. and also to have a complex password. The mobile devices have become something like our traditional wallet and the information on and about the device should not be shared publicly.
Good Practices for a safe Online Banking Experience
