How To Keep Your Bank Account Information Secure

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With hacks and data breaches making headlines almost hebdomadally , it’s more important now than ever to require steps to stay your checking account information secure. While your bank keeps your information safe, it is vital that you simply also take action to safeguard this information and protect your account information from falling into the incorrect hands.

Table of Contents

Choose Strong and Unique Passwords

This may appear to be obvious advice, but your choice of password can create a gap for hackers, albeit you don’t know it .

Some of the foremost common mistakes you’ll be making with online banking passwords include:

  • Using personal information, like your name, address or date of birth
  • Choosing shorter passwords
  • counting on common words or simple number combinations
  • Using an equivalent password for multiple logins (something 83% of online banking customers do, consistent with a 2018 Cyclonis survey)
  • Not updating passwords regularly

While doing those things can make remembering passwords easier, they also make it easier for hackers to guess your password and access your online banking information. Here are some tips for creating stronger passwords for banking online:

  • Choose longer passwords, like a phrase instead of one word.
  • Use a mixture of upper and lowercase letters.
  • Include numbers and special characters.
  • Avoid common sequences, like “1234.”
  • Avoid using personal information, like your name, pets’ names, date of birth, etc.
  • Don’t store your login details in your online banking or mobile app.

Remember to update your online banking passwords regularly. Changing them every three to 6 months could help lower the chances of your password being stolen or decoded by hackers. Also think about using a password manager to store and protect your passwords, which may make using those longer and more complicated passwords easier.

Never Use Public Wi-Fi

Public Wi-Fi features a ton of disadvantages. Not only is it always slow, but it sometimes doesn’t provide a secure internet connection. When a hacker taps into public Wi-Fi, they will see everything, including your checking account login.

However, encrypted webpages can prevent from the prying eyes of hackers. confirm to see if your bank’s URL starts with “https://” not “http://” The “s” tells you that the page is safe to use.

Even if a page has encryption, it’s still better to avoid public Wi-Fi altogether. employing a virtual private network (our top recommendation is ExpressVPN, which is discounted if you check in using this link), or using your cellular network to access the web is way more ideal when handling online banking. If you actually want to play it safe, just access your account from your own home’s Wi-Fi.

Check the machine

One of the foremost common ways a scammer will attempt to get access to your checking account is at the ATM. this is often usually done by installing a ‘skimmer’ over the cardboard reader, which captures the info on your card once you place it into the machine. The scammers then use that data to make a dummy card, which may even be wont to access your account.

Skimmers are often extremely difficult to detect. Most are specifically built to blend in with ATMs so you regularly got to be actively trying to find them to note something is wrong. And, because you’ll still receive access to your funds albeit your card passes through a skimmer, there are few advance warning signs that your account are going to be compromised.

So before you place your card into the cardboard reader, always check an ATM for:

  • any signs of tampering, including scratches and marks
  • anything that appears out of place, as an example different coloured plastic round the card slot
  • anything that moves when it’s pushed (ATMs are built well and don’t usually have loose parts).

If you notice anything suspicious, report it to the financial organization that owns the ATM and use another machine.

Keeping Your Account Number Secure

Avoid writing checks if your account has them. While once the foremost common method of paying people or merchants for purchases, every make sure is written contains everything needed for a fraudster to compromise your account, including your name, account number, and bank routing number.

  • Use a P2P (person to person) payment service to pay people once you owe them money. Many banks offer this service at no cost for his or her customers.
  • Use debit or credit cards to pay merchants instead of writing checks. The account number on your debit and credit cards isn’t an equivalent as your checking account number and may easily get replaced without impacting your checking account if they’re lost, stolen, or compromised.
  • check in for electronic payments via ACH for recurring payments like your mortgage or rent payment, mastercard payments, utility bills, etc.

Tips

  • If you’re unable to use biometric logins, change your passwords on a daily basis.
  • Keep your phone and computer operating systems up so far . Oftentimes these updates include important security updates that help to stay your personal information secure.
  • Use caution when downloading apps that request access your online banking login. While there are some legitimate apps that help with budgeting, etc., similar apps are often created by fraudsters with the intention of stealing your account information.
  • don’t give out information in your security questions, like your mother’s surname or the name of the primary street you lived on. This includes not participating in things like Facebook “name memes” (e.g. “Your Star Wars name is…”) that use this information. It are often wont to reset your password and gain access to your account. this is often “social engineering”, and in contrast to other sorts of hacking it can appear as if a legitimate login to your bank.
How To Keep Your Bank Account Information Secure

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