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Real Life Zone

6 Ways to Safeguard Online Assets

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#1 of 2

     Posted 1/4/09 12:58 AM   
*teri*
 
From  *teri*  Posts 24694  Last Nov-20
To  All      [Msg # 171325.1 ]    
Do you think using online financial services is just too darn risky? Well, think again. Online banking may actually leave you less vulnerable to fraud than traditional banking, according to Javelin Strategy and Research.

The research firm found that customers who made a habit of monitoring account activity online tended to discover suspicious activity more quickly. And early detection spelled savings: victims of cyber crime who tracked their accounts online paid out an average of $551 per incident, whereas those who relied on paper statements paid an average $4,543 per incident, reports MSN Money columnist Liz Pulliam Weston.

To ensure that you don't fall prey to cyber fraud, be sure to follow these six rules for safe online banking from Weston's book, "Easy Money:"

  • Install a firewall
  • Install and update antispyware and antivirus programs
  • Avoid accessing financial information in public
  • Update your browser
  • Look for "locks"
  • Don't open mystery attachments

    I have accounts with a couple of banks, and I do everything online. I've never had any problems, and I've never known anyone who has. However, I also know people who are not comfortable handling things this way. Do you take care of your financial business online? Does it ever worry you that someone might be able to steal your information?

    marketwatch.com
  •  

     

    *teri* Casual Chat Forum

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    #2 of 2

         Posted 1/4/09 7:16 AM   
    Lynda
     
    From  Lynda  Posts 8758  Last Jun-24
    To  *teri*      [Msg # 171325.2 Message 171325.2 replying to 171325.1 171325.1 ]    

    I have banked online for years now and I love it.

    I can look at my account whenever I like 24/7 and see instantly where I am instead of getting a snail-mail statement that is at least a week out of date. I can set up my own regular payments and standing orders and cancel them too. Transfering money between accounts is a doddle too.

    I've only had one problem with my bank and that had nothing to do with banking online, it was their incompetence over a matter that I resolved to my satisfaction. (I write a mean letter(s) of complaint).

    No way would I go back to the old days where the bank charged me to set up a standing order and to move money between accounts meant a visit and/or written confirmation to the bank who were only open much shorter hours than I worked.

     

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    6 Ways to Safeguard Online Assets

      
     
         



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