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Internet Banking Tips:

Protect your accounts by keeping your password and pin number secure. Do not give your information to anyone, even someone claiming to work at a bank. Banks do not ask for your personal information over the phone, and there is no reason to verify your pin. You should also change your password periodically in order to make it more difficult for people to steal.

Be careful when you log on to your account. Use your home computer and keep the spyware and antivirus software current. Spyware and firewalls can help protect your computer from hackers and keep your account safe. Password protect your personal internet connection. Many people borrow their neighbors’ wireless internet connections. Not only does this bog down your server, it is also a security risk. You should also be wary about who you let use your computer. Always log off from your account once you are finished conducting your business. If you simply close the browser, the account might stay open and allow hackers access.

If you must access you accounts from a public server or another person’s computer, be careful. Look for a certificate or other indicators in the URL that prove the connection is secure. Again, be sure to log off completely. This is especially important when using a computer or server that is not yours.

Early detection is the best way to handle identity theft. Monitor your accounts closely. Internet banking makes this a relatively painless chore. Catching any abnormal activity early can save you from a bigger headache down the road, and it makes it easier to catch the culprit or culprits trying to steal your identity.

Indicators of identity theft:

The obvious sign of identity theft is spotting charges that you do not recognize. Examine your account daily and follow-up on any questionable charges. Even small charges could signal identity theft. If your bills do not arrive on time or you begin receiving information on credit card accounts you do not have, check your credit report.

Your credit report will inform you of any unauthorized accounts and help you determine whether or not you are a victim of identity theft. You should also check your credit report if you are denied credit for any reason or you receive calls or letters from debt collectors for debt you are not aware of.

Bank Security:

Before opening a bank account, check the bank’s security and policy on identity theft. Most banks are eager to protect the privacy of their customers and advertise their online banking security features. Make sure that your bank is doing everything possible to protect your privacy before you open an account. Should identity theft occur and your account is accesses without your permission, you must report it to the bank immediately.

As a general rule, banks are willing to work with you and block future withdrawals from your balance, and you are protected to a certain extent. The investigation process is not always pleasant for the victim of identity theft, but the faster you identity that there was theft the easier it is to clear up.

Internet banking is a useful tool, but like any other tool, it must be used wisely. Banks do have an obligation to protect their customers, but you are your best defense against identity theft. Do everything in your power to ensure that you enjoy the benefits of internet banking without experiencing identity theft. Practice the tips above to protect yourself, and monitor all of your accounts closely.