At a glance
- Use different passwords for different sites.
- Change your passwords regularly and make them difficult to crack.
- Avoid using names, birthdays and other personal details that might be visible on social media.
Innocent people who fall foul of internet bank account fraud can expect to be reimbursed if they have taken reasonable steps to keep their account safe. However, it's far easier to try and keep your account as secure as possible in the first place, rather than trying to retrieve your money later.
Seven rules for online security
- Never use the same password, or a variation of it, on different accounts.
- Try to update passwords regularly and change them at least once a year.
- Keep your passwords under wraps and don't tell anyone else. And if you must note them down, make sure you disguise them.
- 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.
- 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.
- Make your password difficult to crack by using a combination of lower and upper case letters, numbers and symbols.
- 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.
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.