Online Banking - Is It Safe?  Some of the most frequent questions regarding online banking involve the issue of online security. Online banks take security extremely seriously. All online banks have their security procedures and policies posted prominently on their web sites. You can feel confident that
these companies will protect you--and themselves--from electronic thieves as much as possible. Their business depends on it.
The point here is that nothing that involves money is ever 100% secure from crooks who want to get it. If anything, online banking may be more secure due to a few factors: - The nature of the process means that is done from the security of your home or office.
- Since they are aware of the concern, online banks have made a real concentration on security.
- The bank's computers are protected by a firewall.
- All data transfers use SSL transfer.
You can also help with the security of your information: Maintaining Your Own Security - Maintain control over access to your computer, whether it be at your home or office.
- When you have completed a bank transaction, make certain to log
off to break the connection with the bank's computer.
- Never conduct banking transactions while multiple browsers are open on your computer.
- Confirm that an Online Bank Is Legitimate.
- Read key information about the bank posted on its Web site. Most bank Web sites have an "About Us" section or something similar that describes the institution. You may find a brief history of the bank, the official name and address of the bank’s headquarters.
- Protect yourself from fraudulent Web sites. For example,
watch out for copycat Web sites that deliberately use a name or Web address very similar to, but not the same as, that of a real financial institution. The intent is to lure you into clicking onto their Web site and giving your personal information, such as your account number and password. Always check to see that you have typed the correct Web site address for your bank before conducting a transaction.
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