Your Banks Security is Only As Secure As Your Banking Habits
By Online Security Authority on Jun 12, 2008 in Banking Security
Despite banks’ best efforts to improve online security, their defenses are only as strong as their customers’ security habits. Unfortunately, even though consumers recognize their role in keeping their sensitive information safe, they often don’t take the necessary precautions, often having a Jekyll and Hyde attitude toward online security, and still hold their financial institutions responsible for a security breach.
Because of this familiarity, they’ll put all kinds of personal information on social networking sites and they feel they should be able to use technology to extend themselves freely, and have high expectations that those servers are secure. Most younger consumers wouldn’t hesitate to change banking relationships if those expectations aren’t met.
photo credit: Anonymous Account
One way banks are trying to meet that challenge is by deploying biometrics. Suggesting that a fingerprint reader would improve the security of online transactions, and many consumers would be interested in such a solution — if their financial institutions provided the device. The big push for banks right now is a biometric card — which is like a universal ID card.
Being proactive in your online security is the best bet. Make sure you are using passwords that are not identical to other passwords you have, that they are being changed on a regular basis, and that you never share them with anyone.
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