E-COMMERCEEnterprise Applications

INTERNET BANKINGSafety checks

BYBYJyotindra Zaveri

IT consultant & trainer

www.dnserp.com

Online Banking Safety Checks

With the rapid increase in use of technology b i f b ki llby companies, for banking as well as non-banking activities. It is imperative that each user is aware of prudent use of computersuser is aware of prudent use of computers and gadgetsEnjoy the convenience of Online BankingEnjoy the convenience of Online Banking with just a few simple safety checks

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PC security

It is essential to update antivirus software l l ith l fi ll dregularly with a personal firewall and

spyware programmeIt i l i t t t t i th t fi ll iIt is also important to ascertain that firewall is ON, if the computer is used in cyber cafes or is not self ownedis not self owned.

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Precautions while logging in

Always access a bank’s Internet banking website only by typing the correct URL (website address) intoonly by typing the correct URL (website address) into the browserNever click a link sent in an e-mail that is supposed to link to the bank’s websiteto link to the bank s websiteA spurious link could be a fraudster’s phishingattack designed to collect personal information

– This information is then used for accessing accounts and making unauthorized transfer of funds

– When in doubt, immediately contact the bank.

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Confirm that the website isConfirm that the website is secured

When you use the Internet for banking– Check that the session is secure by

a) checking presence of digital certificate, a padlock or key at the bottom right hand corner. Double click on this y gicon to view information about the organization with which you have entered into a secure sessionb) verify the name of the website displayed in the top bar ) y p y pto avoid entering a spoof (false) website.

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Ensure to log out

Always log off completely when you have fi i h d i t t b ki ti itfinished your internet banking activity– Simply closing the window may not close the

banking sessionbanking session– If your computer is virus infected, your session

may be hijacked by a fraudster and financial transactions can be made without your knowledge

– It is also recommended to disconnect from the Internet when you are not using it

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Internet when you are not using it

Prof. Jyotindra Zaveri

Special caution for e mails fromSpecial caution for e-mails from unknown sources.

Never reply to any e-mail that is received from unknown people asking for confidential information or payment of fees etc., forasking for confidential information or payment of fees etc., for surprise gifts.

– E.g. You have won lottery – $100,000 – Be careful with such email, do not fill up any form given in suchBe careful with such email, do not fill up any form given in such

emails, most likely it is for phishing (fishing out information from you).

Be very suspicious of any person who ask for your log-in-ID, password, account details, card details, or similar sensitive informationBe especially careful about opening an e-mail with an

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Prof. Jyotindra Zaveri

Check your transactions regularly.

It is very important to check your bank t t t l l t id tifstatements regularly to identify any

erroneous or unauthorized transactionY l i t f SMS l t iYou can also register for SMS alert services for your banking transactions and electronic statements provided by most banks (e gstatements provided by most banks (e.g. from ATM).

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Keep your banking documentsKeep your banking documents safe.

Destroy expired debit / credit cards and th ld t t t th t t i dother old statements that are not required

and may contain sensitive personal informationinformation– At the same time , it is advisable to store retained

documents in a suitably locked/secure place.y p

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S f t Fi tSafety First

Presentation by Jyotindra Zaveri

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