If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Online banking fraud has fallen by 67 percent during the first six months of 2007 compared to the same period last year, according to UK payments.� But while online banking fraud losses were down, online shopping, phone and mail order fraud was up by 44 per cent to �137m.

�

The security of online banking has become of great concern today. Banks need to protect their online banking systems and their online banking customers from transaction fraud, Phishing attacks, and identity theft.

�

Online banking solutions that rely solely on simple user passwords put customers and financial institutions at substantial risk. In the unlikely event that a fraudulent online banking transaction occurs while on your� banks site, their Online Banking Guarantee means that you won�t be liable. More recently, online banking has become huge, and consumers are now able to enjoy the total flexibility and ease of being able to conduct their banking at their leisure.

�

Whatever you use the Internet for it�s vital that you take a few basic precautionary steps to ensure that your computer is protected against the latest threats. It is essential that you protect your computer by using up-to-date anti-virus software, doing regular scans of your computer to check for viruses, installing a personal firewall as well as the latest security updates for your web browser and operating system.

�

There are three essential steps to protect your computer:

�

Use anti-virus software and keep it up-to-date on a regular basis.

�

Install and learn how to use a personal firewall.

�

Download the latest security updates (or patches) for your web browser and operating system.

Written by: OSAblogger / Bill Wardell - Please Read Our Latest OSA eZine Edition

Popularity: 9% [?]

OSA Technorati Tags: banking tips, FDIC insured, online banking security, phishing scams

OSA Related Posts

• OSA Security News Image via CrunchBase Experts share tips for safe Internet use - Charlottesville Daily Progress 17 Oct 2006 at 12:13am Experts share tips for safe Internet use Charlottesville Daily Progress, VA - 3 hours ago … online predators, social networking sites, identity theft and other online dangers, according … UVa - to......
• 10 Tips on How to Get Rid of Viruses and Keep Your Computer Healthy Each time you go online, your computer will be under attack from viruses that have the potential to destroy your files and harm your computer. Like their real world namesake, computer viruses can either be easy or difficult to handle, primarily because new ones are created nearly everyday. If you've......
• 'Man in the browser' is new threat to Online Banking November 27, 2007 (Computerworld UK) -- Criminals infecting PCs with malware that is only triggered when they access their bank accounts are the latest threat to online banking, according to security software supplier F-Secure. Perpetrators act as a 'man in the browser' by intercepting HTML code in the Web browser.......
• More Phishing Phun: Even Experienced Web Users are Becoming Victims You would think that by now almost every user of the Internet would know not to click on links in emails supposedly from financial institutions -– especially a bank that you have never heard of or have never done any business –- and enter your username or password. But as......
• Online Security: Protecting Your Reputation Online Security means more than protecting your PC from viruses and keeping your personal data safe. It also means protecting your online reputation. If you have a website, use a social networking page such as MySpace or Facebook, or have a blog, you owe it to yourself to protect the......

OSA Related Websites

• How to Safely Access Online Banking Sites from Public Wi-Fi Hot Spots The number of coffee shops, restaurants, and other stores that are offering free wireless internet access to their customers through 802.11B/G/N technologies (more commonly known as WiFi) has seen a dramatic increase in the last few years. In just about every major metropolitan "down town" area, you'll be hard-pressed to......
• Protect your computer, protect your data New viruses are born every time. Then it spread easily through internet, mini storage circulation and others. Your installed antivirus could be not enough to protect your online computer so your data still at risks. Make sure your steps to protect computer and the data are on right line: Install......
• Leaving My Bank - Comparing Online Bank Accounts. Elisa Cundiff is the guest blogger today, she is the Outreach Coordinator at Thrive, a free online budgeting tool. Every morning I review all my financial accounts on Thrive, but last Thursday, I noticed something strange: a “$3 non-Citi atm fee”. This was an additional $3 that my bank was......
• Where have the Pioneers of High Interest Internet Banking Gone? As a young professional who came of age during the Internet boom, I was among the first wave of consumers to adopt the Internet banking meme. At that time, it was no where near mainstream and was generally considered to be another dot com fad. Fairly quickly, the Internet......
• Financial Services Security Frauds In India - A Threat Or Just A Myth What is the nature of threat?Recent survey by KPMG says that there is a digression in the Industry nature which is facing security threats .Some four years back it was the IT outsourcing industry and retail industry which were most prone to data theft. But now the nature has......