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Online banking is cool and fast. You can access your account, view your balance and transfer funds to your other online savings. However, you need to take precautions to avoid regretting that you used banking apps due to lost funds or hacking. Here are the tips to prevent such from happening.

1. Use strong passwords: Choose passwords that are long, complex, and unique to each of your online accounts. Avoid using easily guessable passwords, such as your name or date of birth, and consider using a password manager to help you create and store secure passwords.

2. Enable two-factor authentication: Two-factor authentication (2FA) adds an extra layer of security to your online accounts by requiring you to provide a second form of identification, such as a code sent to your phone or a biometric scan, in addition to your password. Enable to 2FA prevent unauthorized access to your accounts.

3. Be cautious when clicking links: Be wary of any links you receive in emails or messages, even if they appear to be from a legitimate source. Scammers often use fake links to trick people into entering their login credentials or downloading malware. Instead of clicking on a link, it is safer to type in the URL of the website directly into your browser.

4. Use a secure connection: Make sure to use a secure internet connection when accessing your online banking accounts. Avoid using public Wi-Fi or shared computers to access sensitive information.

5. Keep your devices updated: Keep your devices, such as your computer and smartphone, up to date with the latest security patches and software updates. These updates frequently include fixes for vulnerabilities that could be exploited by cybercriminals.

6. Monitor your accounts regularly: Check your account balances and transaction history regularly to catch any suspicious activity. If you notice any unauthorised charges or transactions, report them to your bank as soon as possible.

7. Use security software: Install security software, such as antivirus and firewall software, on your devices to help protect against viruses, malware, and other online threats.

8. Avoid sharing personal information: Be careful not to share sensitive personal information with anyone online, such as your social security number or account number. Scammers often use this information to commit identity theft or other forms of fraud.

9. Use virtual private networks (VPNs): VPNs can help protect your online privacy by encrypting your internet connection and hiding your IP address. This can be especially helpful when using public Wi-Fi or accessing your online accounts from a shared computer.

10. Use trusted websites: When conducting financial transactions online, use reputable websites and apps. Look for the “HTTPS” prefix in the URL, which indicates that the website is secure, and check for trusted security certificates and seals.

Overall, following these tips can help you keep your online banking accounts safe and secure. Remember to be cautious when clicking links, use strong passwords, and enable two-factor authentication to protect yourself against online threats.

Tags: banking, cybersecurity, money, onlinebanking, safety