Top 7 tips to protect your financial data when online banking

As the mesmerizing world of internet has been steadily growing, a significant and important part of our lives has moved online. That includes financial information. It’s true, this is not public information and only you have access to it, but you still want to protect that information at all costs.

According to recent statistics, around 60% of American citizens use mostly online or mobile banking because it’s easy and saves you a lot of time. The figures are more or less the same when it comes to citizens from other countries as well. Since this is a common custom, you don’t want any security breach to have a negative impact on your finances.

Let’s face it: no one will guard your money better than you will, so you’ll just need to adapt your online banking practices just to make sure you’re completely safe from the prying eyes of intruders.

Check these useful tips about how you can protect details about your digital bank account and other financial-related information:

1. Try not to use public Wi-Fi networks

Because public Wi-Fi networks are easily accessible, especially those that don’t require any password, you can’t never trust their security. In fact, Wi-Fi networks are the most vulnerable when it comes to online hacking. Thus, don’t access any financial information from a public Wi-Fi; better use your private network from home.

2. Check for HTTPS

Although most banks have now upgraded to the safer version of their websites to encrypt data and use HTTPS instead of HTTP, it’s best that you always check the URL.

Remember not to stay or log in on an online banking website that is not HTTPS, because this will not ensure the protection of your data.

3. Never click on the “Save username and password” when you’re logging in to your online banking account

Most web browsers have a pop-up in the upper right corner of the screen that ask you if you want to save the password for the current website you’re visiting. While this may seem convenient for each session of online banking, this is by no means a secure option for your financial data.

4. Don’t disregard the two-factor authentication (2FA) preference

Many banks offer their customers the two-factor authentication (2FA) option, which is an extra layer of security that protects your account. The 2FA is an additional verification credential before you access your account, an information that only you should know. If your bank offers you this preference, don’t hesitate to choose it to double-protect your financial information.

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5. Install software update on your devices

Maye you’re too lazy to click when the software update notification appears, but it could actually make the difference for protecting your online activities in general, not just online banking. Software updates don’t just help your computer or phone run better, but they also include valuable security upgrades that prevent infection by most known malware.

6. Use the bank’s mobile app

Mobile banking apps are more secure when it comes to data protection due to the fact that different phones have different operating systems. Viruses and malware are less frequent on mobile phones because apparently, hackers are still more attracted to hacking PCs.

Tip: remember to download the latest version of the app, because they constantly update features; however, the bank usually makes sure to send you notifications on updates, which is a guarantee that your app covers the latest security credentials.

7. Use a VPN

When it comes to your finances, you can never be overprotective, especially when you’re dealing with online banking accounts.

Download and install CyberGhost VPN and remember to start the app every time you’re into an internet banking activity. This way, you’ll secure your financial and personal data.

About the author

Dana Vioreanu
Dana Vioreanu

Even though her degree is in Sociology, which technically has nothing to do with writing, all her previous jobs implied working for websites, taking care of content and writing articles.
By the way, if you’re interested in studying abroad, feel free to ask her a few pointers, because for about two years and a half, she learned almost everything there is to know about international studies.

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