Banking
#online banking security#secure banking practices#cybersecurity for banking#protect online banking
What are the best practices for securing online banking?.
To secure your online banking accounts, follow these best practices:
Key Facts
- Over 60% of banking customers have experienced some form of cyber threat (Source: Cybersecurity & Infrastructure Security Agency).
- Phishing attacks account for nearly 80% of data breaches in financial services (Source: Verizon).
- Using multi-factor authentication can reduce unauthorized access by up to 99.9% (Source: Microsoft).
- Regularly monitoring your account can help catch fraudulent activity early.
Examples or Use Cases
- A customer received a notification of a login attempt from an unknown device and quickly changed their password, preventing unauthorized access.
- An individual who set up alerts for transactions over a certain amount was able to report fraudulent activity within minutes, minimizing loss.
FAQs
Q: How often should I change my online banking password?
A: It is recommended to change your password every three to six months.
Q: What should I do if I suspect my account has been compromised?
A: Immediately contact your bank, change your password, and monitor your accounts closely.
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