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The internet has changed almost everything, including how we handle money. Around 73% of people worldwide use some form of online banking at least once a month — it’s convenient, fast, and always at our fingertips. But that same convenience is a magnet for criminals, and the stakes couldn’t be higher.
Account takeover and new-account fraud have surged in recent years. A hacked social media profile is annoying; a hacked bank account can be devastating. At eMDTec, we don’t want that to happen to you. Below, we’ll cover the common mistakes that put accounts at risk — and the smart tips that keep your money safe. For more guidance, the FTC’s consumer protection resources are excellent.
Mistakes That Let Criminals Into Your Online Banking
Not Enabling Two-Factor Authentication
Two-factor authentication (2FA) is simple but powerful — it adds a second check beyond your password. Many people leave it off because they don’t know it exists or think it’s a hassle. That single setting can stop most account takeovers cold.
Falling for a Phishing Scam
Cybercriminals send emails that look like they’re from your bank, often warning of “unauthorized activity.” Click the link, log in, and you’ve just handed over your online banking credentials. Once they have them, they drain the account fast.
Using Easy-to-Guess Passwords
If your password is easy to remember, it may also be easy to guess. Weak passwords are one of the most common ways accounts get breached. Follow these best practices:
- Make them at least 10–12 characters long
- Include at least one number
- Include at least one symbol
- Include a mix of upper and lowercase letters
Downloading Unsafe Mobile Apps
Banking trojans often hide inside malicious mobile apps disguised as harmless games or utilities. Only download apps from official stores, and check the developer’s reputation before you install anything on the device you bank with.
Logging In on Public Wi-Fi
Logging into your online banking on public Wi-Fi is a surefire way to expose your password. Attackers lurk on open networks waiting to intercept traffic. If you must connect on public Wi-Fi, always use a VPN.
Smart Tips for Better Online Banking Security
Turn On Two-Factor Authentication
Enable 2FA (also called multi-factor authentication) on your account today. Even if a criminal steals your password, they can’t get in without that second verification step. It’s the single most effective safeguard available.
Set Up Banking Alerts
When an intruder strikes, speed matters. Turn on banking alerts — like low-balance and new-login notifications — so you’re warned the instant something looks off and can call your bank right away.
Install Antivirus and DNS Filtering
Run reliable antivirus software on both your computer and your phone. Pair it with a DNS filter, which blocks you from ever reaching dangerous phishing sites in the first place — a powerful layer of protection for online banking.
Take Phishing Training
Do you know how to spot a phishing attempt? Short, regular phishing training makes you far less likely to take the bait. It’s one of the best investments you can make in protecting your accounts — at home and at work.
Keep Your Money Safe with the Right Protection
A few smart habits go a long way toward keeping criminals out of your accounts. Strong passwords, 2FA, antivirus, DNS filtering, and a healthy dose of skepticism can stop most attacks before they start. If you’d like expert help securing your online banking and finances, eMDTec is ready to assist.
Want to make sure your money — and your business finances — stay protected? eMDTec helps small and mid-sized businesses lock down accounts with multi-factor authentication, antivirus, DNS filtering, and phishing training. Let’s keep criminals out of your online banking for good.