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9/8/2017

Cyber Security Awareness

Personal

4 action items to take today for better online security.

With the advantages of online banking – 24/7 access to your accounts, higher than average interest rates on savings, and more – it's no surprise that more than 70 percent of all American consumers do some of their banking online, according to a Federal Reserve survey.

But along with this increase in online money management is the growing risk of being exposed to hacking, malware and fraud.

However, you don't need to be afraid or be a victim. There are some simple security measures you can take before signing in to your account. When combined with the security measures we take to protect you and your account information, these tips can help ensure a safer online banking experience from your side.

  • Don't use a public Wi-Fi network to sign in to your bank account. While public Wi-Fi networks are convenient, they are often not encrypted. Wait until you get home and use your private network for any financial transactions. Or you can use the cellular data connection on your smartphone. You can even subscribe to a VPN (virtual private network) service to create your own secure tunnel through Wi-Fi hotspots.
  • Make sure you're using an "https" encrypted site. This indicates that data will be translated into unreadable gibberish before sending it. An https encrypted website will have a web address that begins with "https" and a padlock symbol in the web address bar. Keep your computer antivirus software up to date. A good antivirus software program will screen your emails, browsers and even pop-up ads to block viruses and malware. Just remember to keep it updated to protect against new virus strains. The same advice goes for your computer operating system. Don't skip the periodic updates. Typically, these include security upgrades that prevent your computer from being infected by most known malware.
  • Monitor your account regularly, even if you have alerts from your bank. Bank alerts are for what appears to be potential fraud. Only you know if something is fraudulent or suspicious on your account. Check your statements regularly for any suspicious activity and notify your bank immediately if you see any unauthorized activity.

These tips are a good foundation to help you fend off a possible cyber-attack and enjoy a safer online banking experience.

But there's more you can do if you're still concerned. Check out the additional information at these resources.

  • CIT Bank Fraud Prevention – Created by CIT Bank to keep you informed on how we work with you and behind the scenes to keep your accounts and information secure.
  • Stop|Think|Connect – Created by the Anti-Phishing Working Group (APWG) and the National Cyber Security Alliance (NCSA) to help you practice good online safety habits.
  • OnGuardOnline – Created by the Federal Trade Commission to help you stay safe and secure online.

Ready to get started?

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