7 Online Banking Safety Tips You Need To Know | Southern States Bank (2024)

FAQs

7 Online Banking Safety Tips You Need To Know | Southern States Bank? ›

Never share your password, account number, Password/PIN or answers to security questions. Change your passwords frequently. PCB recommends changing your passwords every 60 days. Do not save credit/debit card, bank account or routing numbers, or other financial information on your computer, phone or tablet.

Never share your password, account number, Password/PIN or answers to security questions. Change your passwords frequently. PCB recommends changing your passwords every 60 days. Do not save credit/debit card, bank account or routing numbers, or other financial information on your computer, phone or tablet.

Avoid common sequences, such as “1234” Avoid using personal information, such as your name, pets' names, date of birth, etc. Don't store your login details in your online banking or mobile app. Don't write passwords on the back of debit or credit cards or keep them in your wallet.

Keeping your banking information secure

Make your password/passcode/PIN hard to guess. Don't choose one that's easily identified with you (e.g. your birth date, car registration, telephone number or name). Be careful with your passwords, passcodes and PINs.

If you receive regular online safety training you will (or should) be acquainted with the 3C's which are content, contact and conduct. These are by far the easiest way of understanding the vast range of online risks and issues.

Don't let any unauthorized person have access to your computer or leave the computer unattended while using Internet Banking Services. 3. Don't disclose/reveal your personal or confidential information to anyone over email/SMS/phone call.

By being aware of common online banking fraud tactics, using strong and unique passwords, setting up MFA, avoiding suspicious links and attachments, and exercising caution when connecting to public Wi-Fi networks, you can reduce your chances of becoming a victim.

The major risks faced by banks include credit, operational, market, and liquidity risks. Prudent risk management can help banks improve profits as they sustain fewer losses on loans and investments.

Which device is safest for online banking? ›

Kyle Marchini, senior analyst in fraud management with research-based advisory firm Javelin Strategy & Research: "I give bank apps on mobile devices the edge when it comes to safety,” Marchini says. With computers, he says, it is easier to inadvertently download malware from hackers.

Due to the open nature of the Internet, all web-based services such as YAB's Online Banking are inherently subject to risks such as online theft of your User ID/UserName, Password, virus attacks, hacking, unauthorized access and fraudulent transactions.

Create a "strong" password with at least 8 characters that includes a combination of mixed case letters and numbers. Change your password frequently. Never share username and password information with third-party providers.

It's difficult to find software or technology that is entirely risk-free, and that holds true for mobile banking apps. The 2021 Nokia Threat Intelligence Report indicated that 50% of banking malware is targeted toward Android users, because Androids run on a fully open-source operating system.

Online banking is generally safe and not easy to hack — as long as you take the right steps to protect your information. This means setting up strong passwords and changing them frequently, and using additional tools like two-factor authentication to give yourself an extra layer of protection.

Never give anyone your real name. Don't give any other details about where you live, your phone number (including mobile phone number), where you go to school or who your family is. Make sure you understand the rules of any chat room you may be in.