Tag Archive: online banking

MailOnline banking is one of the most convenient way to transfer, withdraw or pay online today. however, it also opens an opportunity for criminals to hack accounts and personal information. The Minnesota Department of Commerce urges online bankers to follow these advices for a safer online banking. First, make sure that your bank uses a multifactor authentication, a method that requires users to type their passcodes twice or more to accessing an account. Use strong passwords, keep it safe, and make sure that your device is protected by an updated antivirus. Do not open unsolicited emails or answer calls that ask for your banking information. Regularly monitor your bank account and log out after every session.

Source: Hometown Focus

 

Banking online is one thing that everybody else is concerned about due to the many threats like cyber attacks and identity thefts. Doing it from the comfort of your own home is one of the few that you can do in order to keep your account, personal information and transaction secure. However, it does not mean that you are immune from any attacks online.

It is evident that the “2-step verification” process, where you or any other user, is required from online account holders that requires the use of a PIN number and a customer password, but that is already been conquered by online thieves. What banks utilize and provide nowadays are card readers where you now need to confirm a payment detail through the card reader. For more details regarding this post, click on the link below.

Source: We Live Security

Screen-exclamationJust recently, Emmental, an online banking site is recently attacked by hackers. It’s not often that a cheese is associated to a computer hack, but researchers of the computer security firm Trend Micro believes that like a Swiss cheese, online security may have holes in it. This is what they think may have allowed the hackers to penetrate online banking protections.

Experts who investigated the case of this recent online hack, says that what hackers have performed during their activity is a multi-stage and sophisticated attack. During this attack, hackers were able to bypass what experts call a 2-factor authentication system of the banks in Japan, Sweden, Switzerland and Austria. For more information on this report, go to the source.

Source: The New York Times

security1An online banking malware has been infecting South Korean users by tricking them into applications or tools that look very similar to legal online banking tools revealed a Chinese mobile security company, Cheetah Mobile. This malware is swapping itself in place of legal online banking tools, and as a result, it has infected thousands of SK devices in one week.  It revealed that such malware are cloaking itself as legitimate third party software. Check out the full story from the source.

Source: PC World

computer2The rise of cloud and mobile technology does not impress all businesses – especially the banks. A survey conducted by Fujitsu’s ‘Financial Services Landscape’ over 176 IT decision makers from financial sector concluded that a large percentage of banks are still undecided about mobile banking. A large percentage of the respondents worry about security while other factors such as unsuitability, unnecessary to business and cost implementation contribute to the list. Although some are confident about online banking, it only falls short in rank while the rest remain undecided or uninterested at all. Details on the source.

Source: CSO

Screen-exclamationTo prevent unauthorized PC access, you should think twice when clicking links of websites, especially those fictitious ones. You may not know it, but cyber criminals evolve as technology evolves, too. In time, they keep on honing their ability and skills to steal user valuable data as well as break through firewalls. They have also learned how to steal personal funds from consumers. Certain things you can do is to be safe when browsing online, especially when you do online banking. This will help you keep your bank and personal information safe when doing financial transactions.  Do not connect online when using a public wireless network, an unsecured connection. For more information, check out the source.

Source: Rafu

Banking Online Safely

computer2Banking online is a common solution to do financial transactions in this overly wired world. However, what’s the guarantee for safety? When it comes to security, using an Ethernet link is better than a Wi-Fi. In connection, you should not trust any third party hot spots when banking online. For protection, you should keep your entire security system updated for your browser and your operating system. To learn more about banking safely online, check out the source.

Source: USA Today