Banking fraud is a real concern for people all over the world. In fact, customers lost an estimated $5.8 billion to fraud last year. This fraud statistic represents a 70 percent increase when compared with 2020.
1. Use a bank with an advanced fraud detection service
There is only one place to begin when it comes to protecting your bank account, and this is by banking with a company that uses an advanced fraud detection service.
Tools like this are designed to alert you whenever there is suspicious activity that could indicate someone unauthorized has gained access to your bank account or is trying to.
It is pretty much impossible to tell whether a shared computer is secure or not. Instead, do not take the risk. It is better to be safe than sorry, right?
2. Never log in to your bank account on shared WiFi or a shared computer
3. Get into the habit of checking your online banking every day
Our next piece of advice is to make sure that you are checking your online bank account on a daily basis. It only takes a minute or two, and it can prevent a whole world of problems.