Searching the web and sending a bank transaction is like driving a ship across a pirate infected area. The points given below help to protect online banking:
Employ dedicated PC
Online transactions should be done using dedicated PC as recommended by The American Bankers Association. Malwares are written by cyber criminals to produce wire transfers and Automated Clearing House. Transactions are hijacked by inserting the malware into a few of the company’s computers, which is very easy if it is connected to internet or used to read email. As recommended by ABA, online banking has to be carried on only on hardened, standalone and thoroughly locked computer system which is not used for any web browsing or e-mail purposes.
Lock the computer
By locking down the computer, a safe channel between the bank server and PC is created. Secured Online transactions can be done by using IBM’s ZTIC hardware solution.
Introduce dual control
Dual control on your bank account has to be established, with the help of your bank. Two people from the same organization should log on and do the transaction. To commit any fake transaction any hacker has to breach 2 computers, as dual control is established.
Request your bank to send acknowledgement of the transaction through e mail. It will help to find any fake activity at an early stage.
Passwords should be changed often like toothbrush. In online realm, strong passwords are the basic key to defense.
End up your working day by checking account balances
AGH transactions are generally processed only on the subsequent business day. But if you check them daily, any doubtful fake transaction can be easily sensed at the ending of the day and it becomes easy to stop it before the funds are transmitted.
Beware of online friends
Experts say that many people drop the guard on Facebook, since people are ignorant of the stranger friends online, as said Paperial. Use the verse” Mom told not to speak to strangers” It is not safe to be friendly with strangers, as no one knows whether they are scammers. Remember, scammers are alert and ready to get the information, even from your Facebook, Orkut and other social networking sites.