A customer's relationship with a bank is built on strong trust. Digital banking is not a curse for us; rather, it has made our lives much easier. As our lifestyle is now completely or largely dependent on the internet, and even our financial matters are now conducted online, we must take some precautions to ensure the safety of our valuable money. Being aware of cybersecurity is crucial for staying safe and secure.
Banking services are now within the reach of customers. Thanks to digital banking, a customer can manage various financial aspects of their bank account from anywhere in the world. This has undoubtedly made our quality of life easier and better. Since digital banking provides services through internet-based technology, we must be vigilant in ensuring our financial security while using these services. By taking appropriate precautions and preventive measures, significant risks can be mitigated. To keep customers' bank accounts secure, most banks around the world have undertaken various security and awareness initiatives. Additionally, banks and financial institutions are continuously researching security threats to protect customer data using state-of-the-art security systems and advanced technology.
However, ensuring complete cybersecurity is not possible for banks alone. Customers must also be aware of cybersecurity policies and follow the security guidelines provided by the respective bank. We must remember that our hard-earned money is deposited in the bank. Therefore, ensuring the security of our bank account means ensuring the security of our deposited money in the bank.
To avoid cyberattacks, it is essential for both banks and customers to take appropriate precautions from their respective positions. The bank's responsibility is to always keep its system/network secure, and the customer's responsibility is to ensure the proper and safe use of the debit/credit cards or other internet-based value-added services received from the bank.
The following are the cybersecurity
risks and preventive measures:
·
Scams
·
Cyberbullying
·
Phishing
Attacks
·
Device
Security
·
ATM
Security
·
Preventive
Measures for Password Fraud
·
Guidelines
for Safe Online Shopping
·
Preventive
Measures for Payment and Card Frauds
Please stay
with “Banking Cell” to learn more about cybersecurity and risks. Thank you.
