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Topic : Managing Your Online Reputation
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Banking & Insurance Professionals

 
Started by : Anita Sawant, M & A Advisor, SBI Caps   07 20 2010 09:23:28 +0000
Industry : BankingFunctional Area : New Technologies(Technology)
Activity:  62 views;  last activity : 07 22 2010 15:13:36 +0000

All online banking accounts require users to login with a username and password or personal identification number (PIN). Safeguarding this information is vital to protecting a person's financial information and the integrity of each account.

Learning how to protect your online banking login will help you ensure that your personal financial accounts remain safe and secure.

So, how to go for it??

 
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1 2 3 4 5
1 Accounts with unique passwords
2 Don't Share The Information
3 Don't Use
4 Password should include special character
5 Use Virtual Keyboard
6 Properly close the site after finishing the transaction.
7 Unique Transaction Password
8 Banks should create secured sites which doesn't leave a trace in the computer
9 Auto expiration of Password after 14 days
10 It should be changed frequently for security purpose and the data of password to be recorded in such way that even computer s
11 Change Login ID & Passward

Accounts with unique passwords

idea posted by Anita Sawant M & A Advisor, SBI Caps

Each online account, especially those related to financial or other sensitive data, should have a unique password.

Using the same password or PIN for multiple accounts increases their vulnerability if the password is discovered by a malicious individual.

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Normally we advice clients , besides using unique passwords not associated with their identities ( such as birth dates, names etc.), we advice them to have frequent change with unique passwords. This would add the strength of the users with confidence , safety in handling and seamless tran.

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by Dr.G.S.Rama Rao, Freelancer  | 07 20 2010 14:40:00 +0000

Even though I support your views, I still feel that lot of protective mechanism with equally relevant software needs to be evolved.  Till then, yes RISK is there.

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Unique ID is primary requirement for safe online banking, other then this user must have to change pin on regularly interval.

If possible, User should avoid cyber cafe for net banking.

User should check daily transaction detail by logging on daily basis.

 

 

 

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Don't Share The Information

idea posted by Ruchi Chawla Associate/Sr. Associate -(Technical), Cisco Systems

An online banking login should not be shared with anyone! The financial institutions and websites where you enter the login information are able to reset your password if necessary, but you should never need to tell them the password except when logging into the site.

2
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password is very personnel key  never share this with anybody even your most near and dears

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Don't Use

idea posted by Ugandhar Vellanki HR Executive, AppShark Software P Ltd

Use the Net banking/Mobile banking for tiny transactions like mobile recharge, buying gifts and cards etc.. which is non-secure for online banking..

Don't reveal the PIN and Cust.ID numbers for the online shopping.

Don't use the online banking in the internet cafe's, which is having more risk, and can be able to hack your Passwords easily.

i suggest not to use online banking for silly and small issues.

Use the online banking in a proper own secured system.

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Thank you Mr. Rama Rao, Thanks for your support

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by Dr.G.S.Rama Rao, Freelancer  | 07 20 2010 14:33:12 +0000

I fully agree with you Mr.YugandhAR. 

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Password should include special character

idea posted by Ravi Chandra Test Manager, Barclays Technology Centre India

Important things in protecting one's Online Banking Login include:

1. Do not use your Online banking sites from any browsing centres

2. Change your password regularly

3. Include special character in your password

4. Do not use Date of Birth, Vehicle No, DoB of spouse / children in your password

5. Do not share it with others (do not respond to any phishing mails)

0
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Use Virtual Keyboard

idea posted by Boffin CN
while accessing banking sites from cyber cafes its better to use virtual keyboard option as it prevents any keylogger software from capturing your password
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Properly close the site after finishing the transaction.

idea posted by Mohammad Bakhsh Project Leader/Managing Consultant, Freelancer

Transaction either financial or other is very easy through on line banking.Though it is duly protected as the online banks claim,it will still be in the fitness of things if the site is properly closed or remove from address bar.

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Unique Transaction Password

idea posted by Prem Kumar Kunnath Chief Financial officer, Ithraa Capital

Besides the Username and PIN, the Bank can envisage in the system dissemination of a Transaction passowrd through aunique combination of alpha numeric nos to the authorised mobile of the individual every time the individual logs into the system.

This could also be achieved through an electronic token provided by the Bank

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Banks should create secured sites which doesn't leave a trace in the computer

idea posted by Srinivasa Varrey Sr Architect, Peak Technologies
First, Banks should create a secured site, cookies should be deleted from the computer after logoff, multi-level entry with virtual keyboard may help to some extent.
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Auto expiration of Password after 14 days

idea posted by Kamlesh Kundan Branch Manager(I/C), Direct Marketing, LIC of India
Most of us use unique password and take precaution with the sharing, but if there is the default system of expiration of current password after 14 days, I think it will be more protective measure to protect Online Banking Login.
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It should be changed frequently for security purpose and the data of password to be recorded in such way that even computer s

idea posted by Madhusekar.N Accounts Manager, IHD Industries Pvt.Ltd.
It should be changed frequently for security purpose and the data of password to be recorded in such way that even computer savvy should not view that data.
0
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Change Login ID & Passward

idea posted by ANAND KUMAR MISHRA MANAGER FINANCE & ACCOUNTS, CITY HEART SAROVAR PORTICO

change your unique id & passward from time to time and never disclose to anybody

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