How to Avoid Security Threats While Banking on Mobile Device.
How to Avoid Security Threats While Banking on Mobile Device | With the invent of internet banking where you can perform simple transaction with your phone, there has also been increase in cybercrime where some hackers threaten you during this process. Thus, this fight isn’t yours alone as I have put in place simple measures to secure your account from these multi hackers.
How to Avoid Security Threats While Banking on Mobile Device
Click jacking: These attacks use maliciously created pages where the true function of a button is concealed beneath an opaque layer showing something entirely different. Typical to Facebook users, often sharing or “liking” the content in question sends the attack out to contacts through news feeds and status updates, propagating the scam.
Ways To Avoid These New Threats
- Look at who is sending the email. If it seems odd, delete it.
- Keep your browsers up to date; all browsers are doing a better job screening out dangerous stuff.
- Do not click on links that ask for your personal information. If it’s from a company or bank call the company or bank directly to ask about the issue stated in the email.
- Do not click on links if you do not know who the sender is. Make sure the email address is an exact match to your contact if you do know the sender.
- Make sure you know who you are accepting as a friend on social networking sites.
- Be cautious when typing in web addresses to ensure you are directed to the site intended.
Additional Security Measures For Commercial Online Customer
- The Bank strongly suggests that commercial customers perform a related risk assessment and controls evaluation periodically. This is done to ensure that all risks to the company have mitigation facts lowering the risk to the company.
Available Resources For CommercialÂ Customers
- Fraud Advisory for Business: Corporate Takeover:Â This website is intended to make businesses aware of issues, provide examples, and provide update recommendations to business to protect themselves.
- Corporate Account Takeover Resource Center: e resources represent several key initiatives: the Better Business Bureau Data Security Made Simpler, the February 2010 FS-ISAC cyber-attack exercise, a webinar conducted with the American Bankers Association, and more.
A Summary of Your Rights Under Regulation E
- Regulation E is applicable to all consumer deposit accounts.
- Regulation E provides a basic framework that establishes the rights, liabilities, and responsibilities of participants in electronic fund transfer systems. âElectronic fund transferâgenerally refers to a transaction initiated through an electronic terminal, telephone, computer, or magnetic tape that instructs an institution to either credit or debit a consumer account.
Error Resolution SummaryÂ
In case of errors or questions about your electronic transfers, call the Bank immediately. if you think your statement or receipt is wrong or if you need more information about a transfer on the statement or receipt. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared.
- Tell us your name and account number (if any).
- Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information.
- Tell us the dollar amount of the suspected error.
We will investigate your complaint and will correct any error promptly. If we take more than 10 business days to do this, we will credit your account for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation.
Summary of Â Consumer is Liability For Unauthorized EFT TransfersÂ
- You can lose no more than $50 if you fail to give notice of your lost or stolen card and/or code and your card and/or code is used without your permission MGL167B 18(a)
- A consumer is liable for an unauthorized EFT only if:
- An accepted access device is used to perform transfer
- Institution has means to identify the consumer for access device.
- Business accounts are not subject to the same protections as consumer accounts under Regulation E However, if you have any questions or notice fraudulent activity please contact the Bank immediately.Â
- See the Bank Electronic Funds Transfer Disclosure for more information.