How can you proactively manage your banking relationship against cyber security risks?

Look for banks that use strong encryption to scramble your data. The gold standard is AES-256 encryption, which is virtually unhackable. Also seek out banks that offer multi-factor authentication. This means verifying who you are in multiple ways like passwords and one-time codes, so it's way harder for thieves to access your account. Reputable banks will promptly alert you about any suspicious login attempts via email, text or app notification. Staying on top of possible fraud is key.

Ensure the devices you use for banking are secure. Install antivirus software, keep your operating system and apps up to date, and use a firewall to protect against malware and intrusions.

Here some important inputs which we can follow to make secured banks credentials in computer mobiles todays, User complexity enabled password, do not user dictionary guess words in 0asswords, randomly change password, do not write i. Mobile or somewhere passwords, remember in your mind sharp, do not not open any unknown hyperlink unless you unaware, do not open links in message box, remember banks never call for such details about card dob etc, so visit bank foe these details, these some steps by followed we can make secure our banking systems, in last we forgotten to mentioned always use a good Anti-virus in computer patched with latest update, do not user pirated software.

Devices matter: Only access your bank accounts using devices you own and control, like your personal computer or smartphone. Keep the operating system, antivirus software, and firewall updated to patch any vulnerabilities. Public wi-fi warning: Never use public wi-fi networks for online banking, as other devices on the network could potentially eavesdrop on your activity. Only connect using a secure, private network you trust. Log out completely: Be sure to fully log out of your banking account when using a shared device, and clear the browser cache. This prevents others from accessing your account if you forget to log off properly.

Change your passwords regularly, ideally every few months. Avoid using the same password across multiple accounts or sharing them with others.

Routinely review your bank and financial statements to ensure that all transactions are legitimate. Verify balances and account activities to identify any discrepancies or unauthorized charges promptly. Report any suspicious or fraudulent transactions to your bank immediately. Quick reporting enhances the chances of resolving issues and preventing further unauthorized activity. Take advantage of alert and notification features offered by your bank. These can include alerts for large transactions, low balances, or login attempts from unfamiliar devices. Immediate alerts can provide early warning signs of potential unauthorized access or suspicious activities.

Regularly monitor accounts, report any issues promptly, set up alerts, and use online security tools offered by your bank to enhance cybersecurity.

Absolutely, cybersecurity is a multifaceted challenge that involves both technical measures and human awareness. Staying informed about common threats and adopting best practices, such as attending webinars and taking courses, is crucial in protecting against cyber attacks. Following your bank's guidance adds an extra layer of security to safeguard personal and financial information online.

Cyber Security and Data Safety is part of the TRUST Commitment of any Bank. This includes 1. The Banking Organization and the Banking-Finance Sector in general. 2. The Internal Clients. 3. The External Customers. 4. The Bank Stake Holders. * It is of utmost importance that Banks should develop and culture of "Cyber Security, Netiquette and Online Safety Awareness" * Continuous Formal and Informal Training, Recalibration and Upskilling of every employee as well as the patronizing public should be made available and applicable. * This should also include the continuous adoption of / upgrade of Safety Infrastructure and Protocols

Enable two-factor authentication when available. This provides an extra layer of security beyond just a password by requiring you to confirm your identity through another method like a code sent to your mobile device when logging in. Be wary of phishing scams. Don't click links or open attachments in unsolicited emails, even if they appear to be from your bank. Instead, always go directly to your bank's website through your web browser. Keep an eye on your bank statements and report any suspicious activity right away. Fraudulent transactions can be reversed more easily the faster you report them.