Get to know your bank account
Bank accounts are attractive to thieves and are now being hacked on a daily basis. One of the best ways to avoid being hacked is to become familiar with your bank account.
Small, unexplained payments
Hackers don’t want to alert you or the bank of any unusual activities, which is why they start off small, sometimes for just a few dollars. The fraudster then starts making larger transaction and might even empty your account. Finally, they may close your account altogether. This would most likely happen to a savings account, one that you don’t use for day-to-day transactions.
Here are a few simple tricks to keep you safe:
- Keep an eye on your banking activities. The more familiar you are with you debit and credit cards transactions, the easier it will be to spot a transaction you haven’t made. If you do notice an unusual payment, alert your bank immediately.
- Keep your debit card secure. This doesn’t just mean keeping it safely in your wallet, but also protecting it from being scanned by a fraudster with a RFID sleeve or wallet.
- Set up a SMS alerts. Anytime you do any banking, you receive a notification that a transaction has been made.
- Avoid doing online banking using public Wi-Fi. Always do your online banking at home with a secure internet connection.
- Don’t click on any links in an email message claiming to be from your bank. Chances are it is a phishing scam.
- Use a strong password and two-factor authentication when doing online banking. Always type in your password instead of using the auto-save.
- Always keep your computer up-to- date.
If you don’t know what’s going on with your bank account, you face a higher risk of becoming a victim of banking fraud. By familiarizing yourself with it on a regular basis and taking a few precautionary steps, you can avoid become a fraud victim.
Learn more about Frauds and Scams
See all Cybersecurity tips
Learn more about how to Get Cyber Safe