Security while using digital banking

Security while using digital banking

Bank is the financial institute where taking deposit and lending of loan facilities are available. In modern banking Banks are offering different types of facilities like mobile recharge, internet bill payment, application of share, transferring balance from one bank to another and man less payment and deposit (now called as ATM (Automated Teller Machine). Modern banking means extra services with prompt action and response but with the modern banking we are also facing some problems and threats.  Modern banking is highly supported by modern technologies and due to modern technologies hacking is increasing day by day. Hacking means gaining unauthorized access to data and it may be inform of theft, cloning any data, spam etc.

We should conscious while using modern banking technologies for example it is strongly recommended not to click any attractive link which offers lottery, sexual attraction etc. in many cases maximum people are trapped by lottery offers from hackers. They are offered they have won 4000000 USD and for claiming that amount they are asked to deposit 2000 USD to hacker account.

Another example you may be hacked while using ATM card some might exchange your card with another fake card and in some cases some chips and CC camera are installed in ATM Machine so we need to be very conscious while using ATM. You can type PIN by covering hands and you are also not supposed to disclose your PIN to anybody. You should also concern that your bank never ask for your PIN or security code if you are asked the same then never enter it. You are supposed to use strong password while using E-Banking use of special character like @ $#%& are recommended to use.  While using internet banking you are supposed to use private network as public network is risky.

We know banks are using strong security system in sms banking, e-banking, ATM but due to extra research and development of hackers sometimes that may be hacked so customer should be more conscious to use those products.

Tips to prevent from fraud

• Never conceal you PIN or Password
• Use private network only
• Use strong password
• Never believe in online lottery
• Never click unknown site
• Use anti- virus in your computer
• Never conceal your bank account number to another
• Never left your sign cheque
• Never conceal your actual date of birth

Above are some tips and recently we heard some Chinese have hacked ATM server and withdraw around 2 crore rupees though almost culprits are arrested but Nepalese bank should use strong security system so that they never be hacked. Nepalese banking is still in danger from hackers as we know Nepal don’t have own server and our important data are stored in international server (Hong Kong) so our important data can be hacked if concern department does not take necessary action. In ATM hacking case Banker and Nepalese police did fantastic job. Their delay in decision may cause lots of losses in banking sector. Use digital product but with precaution.