7 Common Internet Banking Mistakes To Avoid

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Indian customers are happy how banking technology has advanced with time. With ease in doing bank transactions on the go, there are high chances of inviting theft if not managed carefully.

We often tend to neglect the basic safety tips which needs to be followed each time you log into net banking to do any transactions.

Here are 7 internet banking mistakes to avoid:

Mistake 1: Clicking on link from Email

We often are tempted to click on the link with attractive headline which usually leads us to another link which can be a virus or link to fetch our personal details.

Never ever provide your personal information such as password or anything. As banks will never ask for your password or other details over phone.

Mistake 2: Not updating Mobile Number

Sim Swap is a latest method where fraudsters replace your SIM with new SIM card which is issued on your name and your mobile number.

Make sure you have updated your contact number in all your bank accounts and keep a tab whether you are receiving messages as and when the transaction is done.

Mistake 3: Using Wifi for banking transactions

Using unauthorized wifi or coffee center wifi for doing banking transactions can be risky as they can sneak into your data and seek information.

In case if you have used, better to change password immediately and also it is suggested to use virtual keyboard for password entry.

Mistake 4: Social Media Information sharing

Sharing too much information on social media can be dangerous as it will be easy for hackers to get your personal information. 

full name, contact number, DOB are main things which is needed to do or change a transaction. Make sure such information is not public.

Mistake 5: Not updating Anti virus

Most of the individuals neglect when the software asks for updation. These software are sharp in detecting malware and spyware.

Mistake 6: Easy passwords

Individuals using Date of Birth, contact number as their passwords can be easy prey. Also one should change the password frequently. Never click on remember password for any banking transactions site.

One can use two-way authorization to open say OTP can help as dual protection.

Mistake 7: Not clearing cache and cookie

Not clearing cache and cookie from system will give information about your passwords to the hacker. As and when you do banking transactions clear you browsing history and clear cache and cookie.

Story first published: Saturday, August 6, 2016, 10:22 [IST]
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