I believe that the numbers for internet banking are in the high 90% of all banks in Australia. Most people and businesses have access to their bank through either computers, laptops, tablets or smart phones and most banks now have a secure application that can be downloaded.
With all of this access most people forget how much of an impact it would have if someone stole all,of your money. Here are a couple of ideas that you can use to create a little more security around your banking access.
Audit your own access – some banks have a system whereas every time that you access your bank account you receive either an email or message. This shows that your account has been accessed. Most people would access their bank once a day and this is a good way to keep track of each of those accesses. If you receive an email or message about access and it wasn’t you then you can get onto the bank straight away.
Banking that has a third access process are more secure – some banks have a system where you need a user name, password and a third component to access your account. This third component is usually a 4 diget number that is generated so that it is different every 5 minutes or so. This added complexity to access your account makes it harder for criminals to access your account.
Update your software / operating system regularly – because you are accessing your bank account from either your computer or a mobile device you need to make sure that you have the most secure systems available. Make sure that you apply updates regularly.
Do not access your account from free wireless connections – I know that free wireless is great but because there is no encryption between your mobile device and the wireless point then anyone with the right equipment can capture your username and password and therefore access your account. M free wireless where you are given a access code are OK.
Regularly scan your computer with a decent end point protection system – every system, no matter how careful you are, can be infected with a virus, spyware or malware. To make sure that you are not infected to a regular scan of your device for these types of problems.
Use complicated passwords (alpha numerical and punctuation like – The easy way to create complicated passwords) – this can be hard because some credit unions use passwords consisting of just numbers, but this is changing. Use a complicated password, longer than 7 characters, no real words and different from any other password. Do not write it down.
Change passwords regularly – I know of people who have had the same bank password since the account was activated. This is not good.
If you think about your banking details – they are critical to your well being. Just ask someone who has been hacked. Most banks will cover a certified breach and theft but the violation that occurs when it happens if not the best feeling in the world.