CAREER PLANNING
March 02, 2022

How to Protect Your Online Banking Details in Pakistan

How to Protect Your Online Banking Details in Pakistan Those times have gone when you had to physically visit a neighbourhood bank to withdraw money, deposit a cheque, and do other transactions. Now, because of the technological advancements of the 21st century, banking is at your fingertips. With a few taps on your smartphone screen or a few clicks on your desktop, you’ll be able to send and receive money from across the globe, check and pay your electricity bills, pay your gas bills, buy things online, schedule payments beforehand, and do all varieties of things from the comfort of your home. In other words, the growing popularity of online banking in Pakistan has made life easier for people of all ages, enabling them to form transactions on the go without having to leave their houses. However, with great convenience comes even greater risk. Though choosing digital banking in Pakistan is also very convenient, one must remember that it also encompasses a lot of perils. If you’re not careful about taking security measures for online banking, there’s an honest chance that you just may become a victim of fraud and have your hard earned money stolen. Though we’ve already talked about a way to protect yourself from fraud and things to keep in mind while choosing an online payment service, it’s now more important than ever to discuss safety tips for online banking in Pakistan so you’d understand how to protect your bank account from hackers and criminals. Tips to Ensure Safe Online Banking in Pakistan Here are some Internet banking security measures that everybody must know by memory and follow unfailingly to ensure the security of their money: Change Your Passwords as Frequently as Possible Changing your password daily could seem sort of a hassle, but it can protect your online banking details. If you’re someone who likes to use identical passwords for all of your social media and banking accounts, you would like to leave this habit and confirm to update your password every few weeks to prevent anyone else from gaining access to your money. Moreover, if you utilize more than one mobile banking app, confirm to use a unique username and password for each of them. You also need to ensure your passwords are complex and hard to crack. One of the best ways to travel about this can be to use a mixture of upper and lowercase letters together with incorporating some special characters and numbers. Also, think about using longer passwords and avoid using ‘1234,’ your address or date of birth as your login pin. Enable the Two-Factor Authentication System Enabling the two-factor authentication system is among the best practices for online banking security in Pakistan. Most banks not only give their customers a choice to enable this service but also encourage them to use it to prevent any third parties from accessing their accounts. So, how does two-factor authentication protect your online banking details? The process is pretty straightforward. Once you employ your desktop or mobile application to enable this service, you’ll receive a text message, an email, or both with a one-time password, more commonly said as OTP, anytime you log in to your account or make a transaction. In some cases, you may even be required to complete biometric verification to process your application. Though it’s going to look like an additional step, enabling two-factor authentication is one of the foremost important safety tips for online banking in Pakistan. Sign Up for Text and Email Alerts When it involves safety tips for online banking in Pakistan, this one goes hand in hand with the two-factor authentication system. Almost all leading banks provide their users with an option to receive text or email alerts on every occasion they create internet or offline transactions. This service usually encompasses a very small fee and may prevent lots of headaches. If you ever receive an email or text message alerting someone has withdrawn money from your bank account, you’ll immediately notify the bank and show them the notification as proof. Never Use Public Wi-Fi Does your building have free Wi-Fi? That’s great. You’ll use it to text your friends and stream videos, but please don’t use it to access your banking apps. One of the foremost important safety tips for online banking in Pakistan is to steer beyond public Wi-Fi because it doesn’t provide users with secure internet connections and will allow hackers to find out your login details without breaking a sweat. Although encrypted web content (the ones with “HTTPS://” at the start of the URL) can keep your information safe, it’s still suggested to your personal internet connection or cellular data to log in to your digital banking app in Pakistan. For extra protection, consider putting in a Virtual Private Network (VPN). Beware of Opening Any Suspicious Emails Have you ever clicked on your Junk or Spam folder only to be bombarded with plenty of emails with important subject lines from unknown senders? These are commonly called spam or phishing emails as they sometimes try and trick users into gifting away their online banking details or credit card information. The best solution to the present is to never click on any suspicious links within these emails. Whether or not the e-mail is supposedly sent by your bank, never divulge any important information over an email. You want to also remember that banks never ask their customers to share their private information through email, call, or text. However, if you’re unsure about the legitimacy of the email, please call your bank for confirmation. Avoid Using Automatic Login What may well be more convenient than letting your computer and smartphone remember all of your login details? When you allow your browser to recollect your username and password, you’re letting it store all of your sensitive information in one place. This helps you to perform digital banking in Pakistan without having to recollect any of your login information. Needless to mention, automatic logins don’t seem