Safer electronic banking Tips for Internet Banking Users

Your computer acts as an electronic gateway between you and your bank accounts and other financial services. Once this gateway is compromised it could be used to transfer funds out of your account instantly and without your consent.

The cost and benefits of adding security outweigh the possibility of having your identity stolen.

Any level of security costs more than no security, and secure systems may be less convenient to use than unsecured systems. It's like putting locks on your doors. Every now and then fishing for your keys will make you grumble. It's up to you to weigh the risks, the costs and the benefits. Your computer support provider can help you determine which solutions best meet your needs.

Dedicate a computer to online banking

Malicious software can get into your system during our day to day activities like web surfing or reading emails therefore it is recommended for your online banking to use a dedicated computer.

This becomes feasible since most electronic banking uses a browser and you can dedicate a low end PC /netbook /notebook exclusively for online banking thus increasing its security and reliability

Dedicated computer

Pros

• Increased security and reliability through limited exposure to malicious software
• Fewer installed applications means less vulnerability

• Increased hardware costs
• Increased software costs
• It's another system to patch and maintain
• Takes up space and uses power

Get the kids their own computer

Many malicious online enticements target children. One of the simplest ways to increase the security of your computer is to keep your kids (and their friends) from using it. An easy way to do that is to get your children a computer of their own. You won't have to fight them for time on yours, and they'll love you for it.

Kids' computer

• Increased security and reliability through limited exposure to malicious software
• Opportunity to teach your children how to use the Internet safely and responsibly
• More access to your own computer
• Less whining

• Increased hardware costs
• Increased software costs
• It's another system to patch and maintain
• Takes up space and uses power

Tips:

• Keep your dedicated computer out of reach, or even better, under lock and key
• Set a strong password for the Administrator account
• Create a second account that has limited privileges and always use this account for your online banking
• Contact your computer support provider for information about how to add, remove and change user accounts
• Turn your dedicated computer off when not in use to help prevent network-based intrusions
• Keep the operating system secure by applying patches and updates promptly
• Don't scrimp on security software; install a good-quality security suite and keep it updated
• Never use a wireless connection for online banking
• Use a strong password for your online banking account, and do not use that password anywhere else.

Heads-Up!

If you suspect your bank account has been compromised or spot any activity you have not authorized, follow these guidelines:

• Notify your bank and credit card companies immediately
• Close all affected accounts
• Notify the major credit reporting agencies
• File a report with the police

You can contact Republic Bank's Call Centre to report any suspicious activity or to simply get information or guidance. You can reach our Call Centre at 1-800-271-4725 or 868-627-3348 for US/Canada (toll charged) or send an e-mail to: internetbanking@republicgrenada.com