Internet banking has evolved over the years to become a formidable technology today. Many transactions today can be taken care of without going to the bank. Earlier, we had to go to the bank to fill out various forms for depositing, withdrawing, and transferring funds.
This kept fraud to a minimum since actually defrauding the bank was a bit harder this way. Now that we can do our banking from anywhere, a new crop of criminals has emerged who want to steal from you from the other side of the world by just typing in a few keystrokes on their computers.
By logging into your bank’s website, you can make transfers, check balances, view statements, and even deposit checks via your Smartphone. In as much as all this makes our work easier and allows us to focus on more critical tasks, some criminals track our activities online and take advantage of any slip-up we make to rob us blind.
According to Javelin Strategy & Research research, hackers have stolen over $112 billion over the last six years. Such numbers can make you seriously question the safety of your money. With this in mind, here are some practical tips to ensure you don’t become such a victim.
