Is online banking secure?

Online banking is something many of us do now. It is a lot easier than going in to the branch and when making payments via online banking, the recipient can often see the funds almost immediately.

Many people worry about the security of online banking but the truth is that it can actually help with the security of your account by allowing you to monitor it closely.

Banks take online banking very seriously and put a lot of time, resources and money in to constantly monitoring and improving security. As hackers get more and more advanced, security for online banking websites and apps also need to improve. There is always going to be an element of risk involved with any online transactions but as a consumer there are a number of things you can do to try and ensure that you do not fall victim to a security breach. Make sure that the device you are using is updated with the latest software. This will mean that the most up to date security fixes will be in place. Also try and install some antivirus software to keep an eye on what’s happening on your device. Be sure to regularly log in to your online banking to check what transactions have gone out. If you notice something suspicious, be sure to report it straight away.

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