Know the Risks of Using Online Banking

254°
Deal Lieutenant
viveka

Risks Involved with Online Banking

https://cdn0.desidime.com/attachments/photos/237696/medium/1080222-fake-website-280x300.jpg?1480943574
Fake ICICI Bank Website

Phishing Scam

A phishing scam involves sending emails to a target. The emails are skilfully designed to look like a genuine communication from a trustworthy entity – in this case, a bank. Such emails contain links to websites that almost appear as the customer’s bank’s website. Once the user lands on the fraudulent website, they are asked for their bank account details.

https://cdn0.desidime.com/attachments/photos/237700/medium/1080222-phishing-email-300x177.jpg?1480943579
Phishing email

Pharming

Pharming is a type of phishing activity, where, even if a user types in the correct URL of their bank’s website, they get redirected to a fake website, that looks identical to the legitimate one. In short, pharming is a method that an attacker uses to hijack a bank’s URL.

Key Logging

If you usually carry out online banking in a public network like cyber cafes, then you are risking yourself to keylogging. Keylogging is a method of capturing the keyboard keys you strike during your online activity. With this data, it is not difficult for criminals to track your online banking details, and use the info to make illegal transactions.

Man-in-the-Browser Attack

The man-in-the-browser (MitB) is a Trojan horse. Once this malware infects your system, it sits dormant in your system’s browser. When you visit a banking site, the malware gets activated and displays a fake login page (similar to the login page of your bank). The fake page will ask for your bank credentials and other security information. Providing all these details will let the attacker hijack your bank account, and change the destination account you are transferring your money to, and even the amount. The hijacker can also modify and adjust transactions so that you do not sense any changes in your account.

Some Online Banking Safety Tips:

1. Always do online banking from a secured connection at home. Avoid doing it from a cyber cafe, a shared computer, or over an unsecured Wi-Fi network.

2. Always look for the “padlock” icon in the window of the browser (it won’t be present in the web page itself). Also, ensure that the URL of the bank’s website begins with “https”. Both these things indicate that you are on a secure website.

3. Change your banking password regularly, and do not keep one common password for multiple online banking accounts.

4. Monitor your bank account on a regular basis.

5. Always remember to LOGOUT from your bank’s website, once your work is done.

6. Avoid clicking external links in mails or elsewhere, which offers to take you to your bank’s website.

7. It is a good practice to check your last login history, whenever you login to your bank’s website.

8. Consider using the virtual keyboard while entering your banking password. Taking this security measure significantly reduces the risk of keylogging. Alternatively, you can also make use of the Onscreen Keyboard, which is freely available in PC and Mac.

9. If you are using a mobile banking application, then be certain that it has been downloaded from your bank’s website and not from any other source. It is also essential that you review the permissions of the application.

Courtesy: Souwmya Patnaik, Quick Heal Blog

7 Comments  |  
6 Dimers
  • Sort By
Deal Cadet Deal Cadet
Link Copied

vu bro

Deal Subedar Deal Subedar
Link Copied

VU

Deal Captain Deal Captain
Link Copied

very helpful
VU

Deal Lieutenant Deal Lieutenant
Link Copied

https://cdn0.desidime.com/smileys/plus%20one.gif
what is padlock icon??
is it present in all the browser???
and what is its image?

Deal Lieutenant Deal Lieutenant
Link Copied

it should be sticky thread…

Deal Lieutenant Deal Lieutenant
Link Copied

@ 16ujjwal

Here is an example:

https://i.imgur.com/EVReHOk.jpg

Deal Subedar Deal Subedar
Link Copied

nice … thx https://cdn2.desidime.com/assets/textile-editor/icon_smile.gif

replyuser
Click here to reply
Reply