How to Keep Your Money Safe from Online Banking Scams
The internet has changed how we manage money. No more trips to the bank — now you can deposit checks with your phone and check balances anytime. In fact, around 73% of people worldwide use online banking at least once a month.
But this convenience comes with risks. Cybercriminals are finding new ways to steal personal and financial data. In 2021 alone, account takeover scams jumped by 90% , and fake account fraud spiked by 109% .
A hacked email or social media account is annoying — but a breached bank account can be life-changing. That’s why it’s important to know what puts you at risk and how to stay protected.
Common Mistakes That Put You at Risk
1. Skipping Two-Factor Authentication (2FA)
Many users ignore this powerful security tool. With 2FA enabled, you need a second step — like a code sent to your phone — to log in. Turning it off makes it much easier for hackers to get in.
2. Falling for Phishing Scams
Fake emails that look like they’re from your bank trick users into giving away login details. Some even warn about “unusual activity” and link to fake login pages. Always double-check the sender and never click links in unexpected messages.
3. Using Weak Passwords
Short, simple passwords like “123456” or “password” are easy targets. Strong passwords should be long, include symbols, numbers, and mix uppercase and lowercase letters. Avoid using personal info like birthdays or names.
4. Installing Unsafe Apps
Some apps on app stores hide malware designed to steal banking info. Always download apps only from trusted sources and read reviews before installing anything.
5. Logging In on Public Wi-Fi
Public networks are playgrounds for hackers. If you log into your bank account on one, someone could be watching. Avoid doing this unless you’re using a secure connection like a VPN.
Smart Tips to Stay Safe
✅ Enable Two-Factor Authentication
This simple step blocks 99.9% of automated hacking attempts . It’s one of the most effective tools for protecting your accounts.
✅ Turn On Banking Alerts
Get instant notifications when someone logs into your account or when there’s unusual activity. Quick action can stop theft before it gets worse.
✅ Use Antivirus and DNS Protection
Keep strong antivirus software on all your devices — especially phones, which many people forget to protect. A good DNS filter blocks dangerous websites before they load.
✅ Learn to Spot Phishing
Take free phishing awareness courses online. Knowing how to recognize fake emails, texts, and calls can keep you from becoming a victim.
✅ Talk to an Expert
If you’re unsure where to start or want to help protect your family, reach out. We offer advice and tools to help you stay safe online.
Stay smart. Stay secure. The more you know, the harder you are to target.