Managing finances is simple and convenient with online and mobile banking. Between surfing through Facebook and playing Candy Crush, you may pay bills, deposit checks, and transfer money. The days of visiting a branch to complete everyday banking operations are long gone. Visit the best online banking site malaysia.

hsbc online banking coming soon - How to Keep Your Online Banking Data Safe

When your bank account is hacked or your personal and financial information is stolen, it can cause a slew of problems. Using fraudulent wire transfers, money could be taken from your account.

After all, you work hard for your money, and safeguarding it should be your top priority. To protect their consumers, banks use numerous security measures such as 128-bit or 256-bit data encryption. There are also a few things you can take to assist keep your online banking information secure.

Select Passwords That Are Both Strong and Unique.

Your login information should not be saved in your online banking or mobile app.

images?q=tbn:ANd9GcRSqkQEFqRtRu6NeIqPz3iYTj3g6DRrQlUgGg&usqp=CAU - How to Keep Your Online Banking Data Safe

Keep your online banking passwords up to date on a regular basis. Changing your password every three to six months might significantly reduce the chances of it being stolen or decrypted by hackers. Consider utilizing a password manager to store and safeguard your passwords, which will make it easier to use those longer and more complex passwords.

Here are some tips  stronger passwords for banking online:

  • Longer passwords, such as a phrase, are preferable to single words.
  • Make use of both uppercase and lowercase letters.
  • Numbers and special characters should be included.
  • Common sequences like “1234” should be avoided.
  • Personal information such as your name, pet’s names, date of birth, and so on should be avoided.

Enable Two-Factor Authentication.

When it comes to protecting your online banking information, two-factor or multi-factor authentication can help.

In a nutshell, it enables you to add a second layer of security verification to your online or mobile banking account login. You must first enter your login name and password, followed by a second security test.

Avoid Phishing Scams.

Phishing is one of the most common methods used by identity thieves to obtain personal and financial information. This type of scam usually involves duping you into giving up your personal information.

Phishing scams can take many forms, but they are most commonly email scams. For example, you could receive an email that appears to be from your bank informing you that you need to log in to your online account and update your information.

You click the link and enter what appears to be a legitimate site but is actually a dummy site. Alternatively, clicking a link installs tracking malware on your computer, allowing identity thieves to log your keystrokes.

When Downloading Financial Apps, Use Extra care

Financial apps, including mobile banking apps, can assist with everything from banking to bill payment to sending money to shopping. However, not all security personnel are created equal.

If you intend to use mobile apps to bank, the first step is to ensure that you are using the official app of your bank. The next step is to be cautious about who has access to your online and mobile banking information.