Security Measures Taken by Internet Banking Companies

You cannot do business online if you do not trust your internet banking company. There are always unscrupulous people trying to access bank information. It is just a modern version of the old-fashioned bank robbery. However, internet banking companies go to great lengths to avoid this.

Internet banking should be done only through secure connections. There are two ways to make sure you have one. One is to look near the line where you type in URL's. If you have a secure connection, there should be a closed padlock there. Also, the web address should say https://" The "s" signifies a secure connection for your internet banking.

Encryption is the first line of defense for internet banking security. Banks have 128-bit security and require you to have it on the browser you use. Encryption is basically just a formula that puts your information into a code. That code is indecipherable without a key.

Many banks use the Secured Socket Layer encryption for consumers' internet banking transactions. This is a special form of encryption. The system will use a different master key to put each transaction into code and then that code will not be used for other transactions.

Banks also pay considerable attention to their firewalls. They want to be assured that their internet banking system is protected from attacks over the internet. So, they are not connected directly to the web. Their connection is made through a firewall which blocks unwanted activity on the server.

Special consultants are hired by internet banking companies to help with security, too. They do this by trying to hack into the bank's secure server. Once they do, they know how it can be done. Then, they come up with ways to prevent it from happening.

One system that has come from using such consultants in internet banking is the use of two factor authentication. With this form of security, an access number will be sent to you over your cell phone to use with your other identifying information. With all this information together, you can access your account. This is more secure.

Most internet banking institutions will also protect you from yourself in some ways. If you are using your computer to go online and do internet banking transactions, you cannot let the computer sit idle. If you do not use it for a certain period of time, the bank will end your session and your will have to do a secure log-in all over again. This prevents anyone from finding your account page open and using it without your consent.

Clicks to bricks banks will often give you a username and a temporary password. You will then choose your personal password and other security features. Virtual banks will allow you to choose both your password and your username. They will never have access to this information. This means that it is secure for you to use.

Internet banking is a difficult pill for many people to swallow. Especially for those who did not grow up with computers, it may seem a little unreal to manage your money online. However, internet banking security makes everyone breathe a little easier.


My Articles

Internet Banking Savings Accounts
Books On Internet Banking
How To Start Using Internet Banking
Internet Banking And Investing
Internet Banking Research
How To Prevent Internet Banking Fraud
How To Deal With Cash When Using Internet Banking
Why Some People Fear Internet Banking
How To Increase Your Internet Banking Security
How To Confirm An Internet Banking Company Is Legitimate
How To Keep Your Internet Banking Account In The Black
Internet Banking With Virtual Banks
Transferring Funds Through Internet Banking
Problems With Internet Banking
Getting Insurance Through Internet Banking Institutions
Internet Banking And Privacy Policies
Security Measures Taken By Internet Banking Companies
Your Consumer Rights In Internet Banking
How To Pay Bills Through Internet Banking Services
What Is Internet Banking?
Internet Banking With Virtual Safe Deposit Boxes
Getting Loans Through Internet Banking
How Internet Banking Institutions Are Set Up
Using Quicken For Internet Banking

My Articles

Getting Loans Through Internet Banking There are many advantages of getting loans through internet..

How To Keep Your Internet Banking Account In The Black If you keep a large balance in your internet banking account, it may be easy for..

Your Consumer Rights In Internet Banking There is much controversy over whose responsibility it is when something..

How To Start Using Internet Banking Perhaps you have decided that internet banking is for you. Now, you have..

Related Videos:

Related News:

No item elements found in rss feed.