Online Banking Safety
Whenever a bank issues a security threat to its customers, other banks seem to suffer a drop in internet traffic and account usage, too. This is not because people don’t trust the other banks; it’s because customers are reminded of how susceptible they are to fraud. It’s our money after all; and if we don’t want to use online banking, then that is our prerogative. However every statistic I have have seen and my own experience tell me electronic banking is safer than regular banking and it is much safer than purchasing goods in a store with a debit or credit card
Banks pride themselves on providing top-notch security to their online banking customers. They also pride themselves on providing customers with the best information about their security. Many banks will provide the details on their website. I have also noticed that security gets better and heavier all the time. Like all the security in airports the banks are finding more ways to keep our money safe.
All banks now use the latest in encryption software so that no hackers can steal passwords or any other information you send. The websites themselves are more secure than most online merchant accounts. The weakest link in fraud is not online anyway. The highest risk in credit card theft is shopping in stores, especially where they still use manual machines.
When you try to go to the login page, you will most likely get a pop up window stating that you are now being directed to a secure site. And what you input here will not be visible to anyone else. That statement is true: the bank does not and never will provide your login password or any other sensitive information to anyone else.
The security they provide now does involve encryption software and multiple firewalls, but there is always more. They will also require your user names, password, and security questions to further prevent hackers from gaining access to your account.
The banks also run regular maintenance on the website pages, so that they can pick up on any small errors that they may on their system. This regular maintenance is usually done with prior warning to the customer, but it will mostly be done when there is the lowest number of traffic to cause the least disruption possible to its online banking customers.
Please note: Banks do not send emails telling you that they made an error and need your password. DO NOT GIVE YOUR PASSWORDS OR OTHER INFORMATION TO ANYONE VIA EMAIL. If you get an email asking for this information forward it to your bank or call them on the phone.
Security is paramount to banks and they will never jeopardize your trust to save a dollar.
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