Digital banking comes with many checks and security measures. Despite that, hackers are constantly devising new ways to get around these measures. The only way to beat them at their game is to take basic precautions and stay alert.
At Standard Chartered, we’re committed to providing you with the right financial tips and tools. Introducing “Basics of Banking Series” – an educational theme about everything banking.
Today, let’s take a closer look at the steps you can take, to keep your money safe.
Dos for better security
• Do ensure that you have a strong password and a unique username.
• Do sign up for banking alerts. This alerts you to any transaction or service that you did not initiate and allows you to take action immediately.
• Do enable two-factor authentication or any other security features that your bank offers. It helps keep your sessions safe and secure.
• Do keep updating your device and banking apps to the latest version. Updates are aimed at fixing bugs and reducing security risks.
• Do be careful to download only the official banking apps available at the App Store or Google Play.
• Do stay alert to phishing scams and click baits that get you to click links to capture your information to access your digital banking account.
• Do read the terms and conditions provided by your bank and double check that the information you have put in is correct, before proceeding with your transactions.
Don’ts to watch out for
A few simple precautions go a long way in keeping your secret information safe. Here’s a list:
• Do not carry out your digital banking through a public or shared computer, smart phone or tablet.
• Do not use unsecured public WiFi to access digital banking platforms.
• Do not save or write your login credentials where it may be accessed by others.
• Do not share your login details with anyone.
To know more or read related topics, visit https://www.sc.com/ae/stories/basics-of-banking