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Image Credit: Mcafee

How to Protect Yourself from Bank Fraud

  • Online banking is well on its way to becoming a cornerstone of the banking experience overall.
  • Today, 78% of adults in the U.S. prefer to bank online.
  • Use a strong password and a password manager to keep them straight.
  • In practice, two-factor authentication means that in addition to providing a password, you also receive a special one-time-use code to access your account.
  • Avoid phishing attacks by looking at your email inbox with a skeptical eye.
  • Be skeptical about calls as well. Fraudsters use the phone too.
  • Steer clear of financial transactions on public Wi-Fi in cafes, hotels, and libraries
  • Update your software to protect against the latest malware and vulnerabilities.
  • Protect your devices with comprehensive online protection software.
  • Check your credit report and monitor your transactions to uncover any inconsistencies or fraud.

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