McAfee Labs, an internet security provider, has recently unfolded a plot to exploit online banking weaknesses at some of America’s largest banks, including Citibank, Wells Fargo and Capital One. It has been named “Project Blitzkreig” and it is hoped that it’s very uncovering may mitigate the attack. This particular attack will target customers’ own computers to access accounts and transfer tiny amounts of cash, however on a large scale it will mean big losses for the banks. To protect yourself from this particular type of attack, implement the following steps.
- Disable the “remember your computer” option.
This option allows you to skip certain security questions on your personal computer as the bank recognizes your computer’s IPv4 address, a unique identifier for each internet connection. Hackers can use malware to gain this identifier and access your bank account. Worse still, you won’t even know they have accessed it. To ward this off, it is best to take the inconvenience and skip this option.
2. Be aware of suspect emails.
Spam filters for email account providers have become very good at blocking unsecure email. However hackers have also upped their game, creating sophisticated websites that are near identical to your banks. As a result, sometimes they may reach your inbox. Be aware of any email that asks for all of your password. All online banks state that they never will email you for passwords or other details; you will only be asked when you try to log in, and even then you are only asked for fragments of the passwords.
3. Check that the website is secure.
If you are still unsure of whether the correspondence is from your bank or not, there is another clue in the address bar. Always make sure that the address contains ‘https://’ not ‘http’. The ‘s’ in ‘https’ stands for secure browsing and means your information is safe. All online banking will have this feature, if not you may be on a hacker’s website. If in doubt, do not try to access it.
These tips can add to internet security, however it is important to note that even if you are hacked, the banks will cover any reimbursements. It is important to check your online accounts often to make sure that even small amounts are accounted for and as long as you do this, online banking is by far the safest way of protecting your money. You have a banks guarantee, whereas with a stolen wallet you have no comeback.