5 Ways To Make Online Banking Safer

Keep anti-virus software current

This one is easy. Make sure your anti-virus software is up to date on your home computers and mobile devices. Cybercriminals are constantly finding ways to crack the latest software so if your program is 4 years old, then you’re 3 years behind the criminals. Best to keep ahead of them by keeping your software up-to-date.

Choose an institution that uses industry-standard security

You probably already want a bank or credit union that offers accounts with low fees and high-interest rates. Add “top-notch security” to your checklist. Then, make sure your online accounts are backed by robust technology.

An example is a multifactor authentication. Here’s how it works: When logging in, instead of just asking for a username and password, the financial institution requires you to provide another piece of information, or factor, to verify yourself. It could be a unique passcode sent to your smartphone as a text message, or even your own fingerprint. The point is it’s another layer, one not so easy to steal.