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Is Internet Banking Safe?

Monday, July 13, 2009
Related Tags: password | log | fdic | fdicgov | socket
 

Instructions

Legitimate Banks

  • Step 1:
    It is easy to determine if a bank is legitimate by inquiring on the FDIC status of the institution at FDIC.gov. The FDIC insures deposits totaling $250,000 or less whether a bank has physical branches or just an online presence.

Personal Responsibility

  • Step 1:
    Make sure that your user name and password are kept private. Use only a secured network to log in, don't share information with others and use a password that is not readily associated with you as birthdays, pets or kids names are.

Similar Bank Names

  • Step 1:
    A lot of fraudulent web activity is successful because people do not verify website legitimacy. Any emails asking you to follow a link and log into your account for servicing may be taking your information, so always log in directly via your web browser.

Secure Socket Layer

  • Step 1:
    Most banks utilize a highly secure server that cannot be hacked into unless a person has your username and password or hacks into your system. This security service is called a Secure Socket Layer and can be confirmed on the bank's information page.

Security

  • Step 1:
    While the banking system is still highly secure, personal computers are not, and people who do not have a strong understanding of computer skills are vulnerable. While there are ways to maintain security with Internet banking transactions, there is still a long way for technology to go to make it very safe.

Is Internet Banking Safe? Provided by eHow.com
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