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How safe is your online banking transaction?

November 20, 2007
Today, the consumer has more and more ways to conduct financial transactions whether it's online banking or credit cards. These are great products allowing you to handle your finances at the click of a button from the comfort of your home.

They not only save the customers the time and hassle of visiting branches but also help banks reduce their costs without lowering the quality of service.

The downside is that these services also increase the ways in which crooks can illicitly access your banking account and rob you of your money. You need to be aware of the dangers and observe certain precautions to reduce your risks. Following are some tips to make your banking experience more secure.

Text: NS Sawaikar
Illustrations: Dominic Xavier
Also read: Money lending: The brighter side of life

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