Banking Security Measures

Internet banking is becoming the norm both for personal and commercial banking. It’s convenient and saves time, but it’s not risk free. With the amount of malware to be found online, it’s important to know what your bank’s security measures are and how they will keep your account safe.

Here are some of the security measures all banks should have in place to ensure secure online financial transactions:

• Internet banking should only be made through secure connections. Look for the closed padlock or the https:// (the ‘s’ signifying a secure connection) in your web address bar.
• Encryption – most banks have 128-bit security and/or the Secured Socket Layer encryption.
• Banks always make their Internet connection through firewalls, blocking unwanted access to their server.
• Many internet banking institutions also have idle session protection; if you’re logged in but leave the page idle for a certain time period, the bank logs you out so no one can find the open page and use it without your consent.

These are just some of the very basic security measures in place. Other security measures may include a secondary authentication such as an access number sent to your cell phone or a token that assigns a random number to be used in addition to your regular log-in.

Another way banks can help keep their customers safe is to offer them access to SafeCentral’s WebProtection™. Some banks are already using it and it will greatly reduce the risks of online banking.

WebProtection™ is a one-time install application that actually assumes that your machine is already infected with malware and ensures that the information on your computer stays secure. WebProtection™ interprets and intercepts over 5,000 discrete Windows commands and effectively blocks all potentially dangerous activities except those processes needed for the transaction. Learn more about how it actually works and how it keeps your information safe at www.SafeCentral.com.