Online banking offers unparalleled convenience, but it also requires vigilance to protect yourself from fraud. Here are essential tips to safeguard your finances and personal information while banking online.

1. Create Strong, Unique Passwords

• Use a mix of uppercase and lowercase letters, numbers, and special characters.
• Avoid using easily guessed passwords like birthdays or names.
• Change your passwords regularly and use a password manager to keep track.

2. Enable Two-Factor Authentication (2FA)

• Activate 2FA to add an extra layer of security. This usually involves receiving a code on your phone or email that you must enter in addition to your password.

3. Beware of Phishing Scams

• Be cautious of emails, texts, or phone calls asking for personal information.
• Verify the authenticity of any communication by contacting your bank directly through official channels.
• Look for signs of phishing such as poor grammar, urgent requests, and suspicious links.

4. Use Secure Internet Connections

• Avoid using public Wi-Fi networks for online banking. Use a secure, private Wi-Fi connection or a VPN.
• Ensure your home network is secured with a strong password.

5. Regularly Monitor Your Accounts

• Frequently check your account statements and transaction history for any unauthorized activity.
• Set up account alerts for large transactions, low balances, or other unusual activities.

6. Keep Your Software Updated

• Ensure your operating system, browser, and any financial apps are up-to-date to protect against vulnerabilities.
• Use reliable antivirus and anti-malware software.

7. Secure Your Devices

• Lock your devices with a PIN, password, or biometric authentication like fingerprint or facial recognition.
• Enable remote wipe capabilities on your mobile devices in case they are lost or stolen.

8. Be Cautious with Links and Attachments

• Do not click on links or download attachments from unknown or suspicious emails and messages.
• Always type the bank’s website URL directly into your browser rather than clicking on a link.

9. Review Bank Statements Regularly

• Go through your monthly bank statements to ensure all transactions are correct.
• Immediately report any discrepancies to your bank.

10. Educate Yourself on Fraud Tactics

• Stay informed about common fraud tactics such as phishing, vishing (phone scams), and smishing (SMS scams).
• Participate in webinars or read articles provided by your bank on security practices.

By following these tips, you can significantly reduce the risk of online banking fraud and keep your finances secure. Amber Valley Bank is committed to providing you with the tools and information needed to protect yourself in the digital world.