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What Security Precautions Do Online Banks Take?

Are Online Savings Accounts Safe? Menu
  1. How To Be Safer With Your Online Banking
  2. How To Know if Your Online Bank is Legit
  3. Keeping Your Computer Safe
  4. What is Phishing?
  5. Avoiding Phishing Scams
  6. What Is Spyware?
  7. What Is Malware?
  8. How do Firewalls Help Me?
  9. Protecting Your Personal Information
  10. Why Online Banks Actually Make Me More Secure
  11. Where Not To Access Your Account From
  12. What Security Precautions Do Online Banks Take?

Many banks lets say, "Get it!", when it comes to security. Then again some banks are out to lunch. In some cases, I have seen two or three online banking systems where I withdrew all of my money, the first day I logged in. For those banks it was the equivalent of running a bank branch without locks of any kind on the doors and vault. Here is a list of the standard practices you will find:

1. Every piece of data to and from you runs over Secure Socket Layer (SSL) Encryption-

SSL makes it really difficult for a hacker to make any sense of information sent to and from. Assuming the hacker was monitoring your connection or the bank's.

2. Firewall and Internal Encryption-

Banks will brag about this and it is necessary, but it is the equivalent of you running Internet Security Software.

3. Triple log in procedure-

Banks have always used a user name and password system of some type. The triple level usually adds a clickable pin number. The logic here is if it's done with a mouse, key logging malware is going to be useless to hackers.

4. Personalization-

This is the next step in fighting spam. The only problem is that many people don't take the time to understand and see it as just another hoop the banks are making us jump through. Using personalization, you can really be sure you are on the bank's web site and not a hackers home. The basic procedure is a single layer, you provide the bank with a user name maybe and then you click to sign in. Now you view a personalized message you have put in for yourself. In some cases, they show you a ppersonalized image as well. This just might be the end of phising if ever bank and bank customer started understanding the procedure.


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