Online Banking, despite having been around for years is still fairly a very new concept in African Banking and in Zambia particularly. A number of banks have in the recent past introduced internet banking services all over the world.
It is indeed a value added service. With an online bank account one is able to transfer money from their accounts to another account either within the same bank or to another bank from their PC and even manage to check account statements and account balances online.
As an Accountant, this gives you total control over your accounts and saves you a lot of trips and phone calls to the bank.
Naturally, all online banking systems come with a lot of security measures but some people including some Accountants are however still reluctant to use online banking services citing security as a major concern. They are still more comfortable putting a signature on "pieces of paper".
In this article, I want to communicate to you the most deadly mistake you must never make online on web banking account.
There is one very important rule that needs to be strictly followed when using any online accounting application especially online banking. Just like you do with your ATM cards, NEVER give your log on credentials to anyone.
By log on credentials I mean your PIN number or password. even when you receive any unsolicited email purporting to be from your bank asking you to log onto some website for whatsoever reason, call your bank first to verify the authenticity of the email.
This is because some hackers create sites known as phishing sites that look almost the same as your online banking site and would send you an email with a link to their site asking you to log on with your online banking account log on details.
Once you do that, they will take your PIN number or password and use it to log on your accounts. The next time you will find your account empty.
So once again, NEVER give your Online Banking PIN number or password to anyone. You will be making a deadly mistake.
If you found this article helpful please feel free to leave your comment.
About the Author:
Fixed Asset Consultant at Prosperity Agencies Limited with over 10 years practical experience in physical verification, bar-coding of assets and fixed asset software implementation +260 211 239859
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This is ultimately true. A number of people feel insecure to bank online .I read this recent post on hardware secrets on how to make online banking more secure which read. “The US banking system is one of the most insecure ones in the world. Let’s take a look on the flaws and how the IT department from banks could easily fix them.” This is the linkhttp://www.hardwaresecrets.com/blog/How-to-Make-Online-Banking-More-Secure/177
Great topic.I use ZANACO Internet banking i therefore found this article helpful. Cheers!
Great post! I like the clarity and humor in your article, There is also this free online banking report i have subscibed to, which showcases the most innovative new ideas and technologies in finance and banking. This is a good resource for banks and technology companies looking to improve their products as well as for research.
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