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Seven security rules to keep online banking safe

Seven security rules to keep online banking safe

Category: Banking

Updated: 13/01/2017
First Published: 09/08/2013

Innocent people who fall foul of internet bank account fraudsters can expect to be reimbursed if they have taken reasonable steps to keep their account safe. However, it's, but far easier than trying to retrieve your money is to try and keep it secure in the first simply keep your money safe in the first place.

Follow these seven rules for online security and you'll stand a better chance of keeping your funds safe:

  1. Never use the same password, or a variation of it, on different accounts.
  2. Try to update passwords regularly and change them at least once a year.
  3. Keep your passwords under wraps and don't tell anyone else. And if you must notethem down, make sure you disguise them.
  4. Sites such as Facebook and Twitter mean our lives are more open to public scrutiny than ever before, so think twice before using personal details as passwords and consider whether someone may be able to guess a security question from your social media musings.
  5. Keep anti-virus software up to date and be wary of unusual emails, text messages or phone calls, particularly if they ask about your security details.
  6. Make your password difficult to crack by using a combination of lower and upper case letters, numbers and symbols.
  7. Never use a name, birthday or obvious words, such as 'password'. Use the first letters of memorable rhymes, songs or a saying to create a long password that you won't forget.

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Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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