Robert Jain: 3 Ways To Protect Yourself When Banking Online

By Jason McDonald


The Internet has provided us with ample convenience, even when it comes to the ways that we handle our money. This brings us to the topic of online banking, which provides a litany of services that allow us to manage our finances from virtually any location. Safety will always be a concern, though, so it's important to protect yourself at all times. Here are 3 of the best online banking security pointers that Robert Jain can offer.

According to names in finance such as Bob Jain, online banking security hinges greatly on the type of WiFi connection you have. For example, if you log onto a network that doesn't require a password, this means that anyone else can log on as well. The drawback is that it becomes a target for potentially malicious activity, which puts your sensitive information at risk. Using a secure connection is an ideal way to go about online banking.

Let's say that you receive a phone call from someone requesting personal information. Perhaps they will say that they belong to your bank and that they need your PIN in order to access your account for safety reasons. The truth is that no one in any position of power will call you with a request like this, meaning that it should be viewed as a red flag right out of the gate. This is another way to stay safe when doing your online banking.

Third, change your password on a regular basis. Ideally, you'll want to do this every few months so that you don't run the risk of having your account hacked by someone else. Your bank will be able to notify you of any strange activity that they see on your account, but it's important to note that they can only do so much. You should take matters into your own hands, and changing your password on a routine basis is a great way to do so.

By taking these measures, online banking security will become a reality. Your finances are important, especially when you're online, and it's in your best interest to exercise safety of the highest level. Fortunately, it's easy to do so with tips like the ones offered earlier. Not only will you be able to keep your account secure, but you can keep better track of your finances, thereby reducing the possibility of any financial troubles moving forward.




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