The days of having to wait in queue to carry out our financial operations are long gone. We now have digital banking options that allow us to do the majority of our financial transactions from the convenience of our homes, thanks to technology improvements. Internet banking is now our go-to friend for everything from online shopping to mobile payment processing.
You may, for instance, check the amount of your mobile banking account, make investments in stocks and mutual funds, pay your insurance premiums, pay with a contactless debit card, transfer money to other users, recharge your phone, and much more using IDFC FIRST Bank Mobile Banking.
However, even if online banking has dramatically simplified our daily financial tasks, it has also resulted in a sharp increase in cybercrimes worldwide. As more and more people use the internet for financial transactions and shopping, cybercriminals are taking advantage of these chances to steal money, mobile banking account passwords, personal information, and other items from unsuspecting customers.
Use Only Secure Internet Connections for Online Banking
Avoiding public internet connections is just as vital as avoiding public computers when doing online banking. People frequently use public Wi-Fi to connect their devices and then use it to complete online purchases. But it may quickly get you into trouble.
WiFi connections can be readily hacked by cybercriminals, who then utilise your personal information to defraud you of your hard-earned money. You should only use your mobile data or secure internet connections, such as your home broadband or WiFi, to ensure safe transactions. If too many individuals are sharing your office’s broadband, you should refrain from using it.
Create a Strong Online Banking Password
You should develop a strong password for your net banking login and make sure it is tough for anybody to guess your ID or password, even if it is simple to forget passwords and eventually persuade you to select an easier one.
Avoid using your first name, last name, or date of birth as your net banking password since anyone with this information may readily guess your password. Generic passwords like “abcd1234” or “0000000” are also easily guessed by fraudsters.
You need to use a combination of capital and lowercase letters, numbers, and special characters to make a strong password. It is advisable to remember your password or to write it down in a location that is private to you.
Make Sure the Website or App is Secured Before Making an Online Payment
Our lives are now more accessible and more convenient thanks to online buying. Using an online bank account app or website, you may easily buy your preferred items and pay using a debit card, credit card, net banking, or mobile wallet. However, before making an online payment on the website or app, be mindful of its security credentials.
Cyberbanking fraud may arise from attempting to make an online payment on an unapproved website or online bank account app. You can handle all of your payments under one roof by downloading the IDFC FIRST Bank Mobile Banking app on your smartphone for safe and secure payments.
In order to protect your money, you need to take extra steps as a business owner or even as an individual. If you see an attempt at phishing or online banking fraud, you should notify the cyber police right away and enlist the assistance of cyber security professionals.
You may do a variety of safe transactions from your smartphone using IDFC FIRST Bank Mobile Banking. Just remember to be careful and adhere to the previously mentioned safe banking advice.