Keeping yourself safe when banking online

Online banking

Banking in today’s world is unbelievable easier you now have the power to be able to check balances and transfer money directly from any computer, or even your smartphone. 

However, despite the precautions that are taken by your financial institution, online banking can indeed be extremely dangerous. Cybercriminals have been renown to create very sophisticated malware to target banking your banking information.

Online cyber attacks

It can be pretty alarming how many ways cybercriminals can compromise or access obtain access to your financial records, which was said in a statement by Kaspersky Lab Marketing Director.

For example, if your computer has become a victim and gets infected, you could potentially be led to a fake, fraudulent website which is imposing as the legitimate banking website, this fake website captures your passwords and account numbers without you even knowing. They can also potentially install a program that records all the information that you enter on your banking website.

How much are we all at risk

Well over 5,000 new malicious websites have turned up every single day, some of which are cleverly designed to replicate the legitimate financial websites. 

In fact, over a three-month period in the year 2012, Kaspersky Lab experts had found that well over 23,000 new malicious programs were created to spy on your money. From a statistical research, it showed that 60 percent of all consumers shop and bank online, and one-third of the people that shop online through online stores their banking details are on their computers, this means that the risk of their financial data being compromised and intercepted has never been at a higher rate.

Tips to keeping online banking safe

Anti-virus protection software like Kaspersky Internet Security has technology in place that can protect you, such as its Safe Money feature. This feature is put in place and designed to protect all of your financial transactions by verifying websites before launching them and taking you to them; it also restricts how other programs access your data.

In respect to using software such as Kaspersky Internet Security, you should take in and follow these steps to ensure you are the only person who holds the information with access to your banking information:

  • Always decline any automatic log-in for online banking sites. Why you need to do this is because your password will be cached on your computer and this makes it easier for hackers and cyber criminals to have ease when obtaining your password.

  • You must always log out and close your browser window on your smartphone or laptop or computer when you have finished with your online banking session.

  • If you get an email from your bank asking for your bank account information, do not proceed with the link in the email. This is most certainly a Phishing scam. In your browser type the URL of your bank as you would normally would, or call your local bank to verify this request.

  • Go to to find out more and learn more about Safe Money and how to protect your personal information, like financial records.