Cyber security tips for banking and investment

In today’s competitive world each day companies try to change in there service and because of that digital transformation implies in their services because they wanted to give greater comfort and usability to their customers. However, this leads to an increase in risks in terms of cyber attacks.

If you have to do transactions (For shopping or you have to give money to someone) at that time how do you do that use your smartphone for that right? because of the speed and ease that it offers. Because of that our life made easy at the same time it is very important to take necessary precautions otherwise this would be the open door for cyber attacks.

According to the Cisco Latin America blog, the main concerns of security professionals are: the use given to mobile devices (58%), sensitive data stored in public clouds (57%) and finally (57%) behavior of the user.

Because of all this education on issues of cyber security and privacy plays a very important role. so, let’s discuss some of them:
Public Wi-Fi connectivity: when it comes to banking data and transactions, it is preferable to avoid connecting with a public network at all costs.
Two-factor authentication: Many banks offer two – factor authentication service with this the bank will be able to verify if the account holder was connected or made any transaction, because it recognizes which devices are registered by the client.
notifications by text message: You have to be up to date with your transactions, account balance for that you should activate text message service also, many banks offer this service automatically nowadays.
banking data store in a secure place: It is highly important to not save or enter the user data, password on any app or service this data should be encrypted for security measures.
Inform to the bank: If you suspect any fraud then immediately report to the bank.
Protect your Computer: Keep virus protected software up to date also when you do some transaction through some website then make sure website address includes “s” after “http”.
Set strong Password: The password should include at least eight characters and in that it should include mix of the upper letter, lower letter, numbers, and special characters.

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