Finance Banking

Risk Of Online Banking

Published at 07/14/2011 13:59:54

Online banking concept has become a big revelation and it is widely used by everyone across the globe because it is lightning fast and is available 24x7. You can transfer funds at any time from any part of the globe to anyone anywhere on this planet but there is always big risk banking online because there are hackers from all around the globe who are ready to pounce on you to get your protected confidential data for cracking your online bank account.

Online banking can be securely done but one has to be very careful all the time or else you might lose all your money because some hacker might crack your internet banking account. Cracking an online account is not very easy because until and unless you give away your username and password no one can crack your online bank account.

First of all the major risk in online banking can be alienated by having a very strong network by the bank because the hackers these days have so much expertise that they can hack any network. It is possible for hackers to hack servers of the bank. Every bank which is in online banking knows that they have to protect their servers or else the hackers will siphon-off all the wealth they have in their kitty.

Banks hire top class IT firms to manage their servers and network which helps them to have added security because they keep round the clock vigil hence if there is any threat from hackers then such threats are immediately disbanded and if necessary the entire system is temporarily closed to stop hacking.

Do not risk banking online if you do not have secure and strong internet connection because hackers might get all your valuable data during your online session and this could help them to crack your online account with ease. Many times while using unsecured internet connection the webpage you open can be accessed by others at some other location hence always make sure that while doing online banking you use secure connection.

Make sure that you never do online banking from a cyber café or from your friends place because there are chances that your login information can be stored in the browser or some file which someone might use later on to crack your online bank account hence always remember you should not risk banking online by using shared computer system.

Phishing is done by many hackers around the globe to hack online bank accounts and they have been very successful in it. There are many users who don’t have knowledge about such hacking technique hence when they get email which looks like from their own bank they enter their login information for security reason but they don’t know that the web-pages are made by the hackers hence for doing online banking it is essential to type your banks web address in the browser rather then using links from an email to prevent phishing.

Tips and comments:

You should not risk banking online by using unsecured internet connection. Do not disclose your login information to anyone. Never use shared computers for doing online banking. Never use links in your email to login into your online account. Always type your online bank web address to access your online account. Do not keep your online bank account login information on your hard disk because through Trojans hackers might get it. Do not write login information in a book which is accessible to everyone always hide such information so that it is only accessible to you.