Archives - Online Banking

Chrome’s phishing extensions help guard against scams

Phishing is a type of online scam designed to get you to reveal personal information such as credit card numbers and passwords. Chrome’s PhishDetector detects phishing attacks on online banking websites. Similarly, PhishTector identifies phishing emails in Gmail.

Avoid storing your credit card information on websites.

Many websites propose to store your card details for future transactions. While this offers convenience, it also carries a certain level of risk. In the event of a security breach, your card information could potentially be stolen and misused for fraudulent purchases. An alternative to this would be to manually input your card details with […]

Avoid using debit cards for online transactions

While debit cards might seem like a great substitute for credit cards, given that they don’t accumulate interest-bearing debt, they might pose a higher risk in the event of compromise. This is due to the fact that unauthorized access might directly affect your funds, and the options for resolving such issues are limited. For online […]

Leverage digital payment platforms such as Apple Pay, Google Pay, and Samsung Pay

Despite their current limited online acceptance, their footprint in brick-and-mortar retail is expanding. These services offer enhanced security as they replace your actual card number with a device-specific identifier. Any retailer displaying the logo of these services typically accepts all three, so feel free to use them if your device is set up accordingly. Moreover, […]

Use a mobile banking app for account management

This recommendation isn’t merely for convenience, but significantly for security. Official banking apps are usually the safest platforms for receiving activity alerts, viewing statements, and confirming login attempts via 2-factor authentication. Such apps also minimize the chance of falling prey to fraudulent emails masquerading as your bank, intent on pilfering your information. Furthermore, these apps […]

Close credit accounts you no longer use

It’s not a good idea to have too many unused credit accounts. This introduces possible security risks, and in some cases, it may harm your credit score. You can check how many open credit accounts you have by visiting a credit bureau’s website, such as Experian, TransUnion or Equifax. You may discover you have more […]