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How to Buy Something Online and Protect Your Bank Account


Whenever you make a purchase online, there is always a risk of thieves stealing your payment information. In case this happens, they can use your accounts to buy things, get money or fraudulently make transfers. You can minimize the risk of charges that are not authorized by using the most effective method for each case.

Hackers can steal information when you are shopping online. Technology should be relied upon to protect you. Your financial details are encrypted in a hard to read format. Sometimes even when you do everything right in large, reputable businesses there could be a data breach or traffic interception. Something as simple as a keystroke logger could get your card number or your PayPal password. It is imperative to keep your device secure and updated and to use a payment method that can help you avoid problems.

Being Wary of Smishing

Mobile banking has generally been considered as safe, online frauds like smishing are becoming increasingly popular. Smishing is when you get a very dubious message from a scammer who is posing as a bank representative. The message will usually contain a security warning of data breach and ask you to call some toll – free number. What follows is you being asked about your account number and PIN.

At that point, someone is already collecting your information. It is advisable not to call those numbers. Treat such as untrustworthy communication. Call the customer service number of your service provider and verify if the information was genuine.

Get Rid of Malware

Your computer could get infected with malware either by clicking on an online link or downloading a poisoned program or by clicking on an infected email. When the malware is installed on your computer, cybercriminals can easily keep track of your every move on the internet including your online bank transactions. They can go ahead and empty your accounts.

To keep off malware, always avoid visiting a small hosted website with community audience such as computer games sites. Free software and pop-ups in most cases have malware embedded.

Another solution is to use a dedicated computer or virtual desktop for just banking online and bill payments. Always ensure your anti-virus is up to date.


Avoid Sharing Computers and Networks

Whenever your bank on a public computer, you put yourself at risk of being a victim of bank fraud. In instances where you are sharing a computer, log off the banking site as soon as you are done transacting.

Tapping into outside Wi-Fi networks is also risky. Do not use Wi-Fi networks in airports, cafes, taxicabs, and trains whenever you are doing online banking.

Protecting Your Password

Have a powerful password if you are looking to have secure online banking. Come up with a password that is very hard to figure out. Avoid writing down your passwords and also avoid letting your browser remember your password.


Be Wary of the Bank Apps That You Are Downloading

Over 60% of Americans are reported to be using mobile banking apps. App security is still not guaranteed. More and more folks are trying to steal login credentials for mobile banking platforms. One way of doing it is using third-party apps that are not authorized by the bank.  It is recommended that one only download the primary mobile banking app that can be trusted. To identify which one fits the bill, always look at the app ratings and its quality. Do not let your guard down when it comes to smartphones as their security issues are similar to those of PCs.


To sum it up, security of online banking or online shopping is a very sensitive issue.  Being vigilant about how you go about it is very necessary.