Is Internet Banking Safe?

Like any other system, Internet banking poses a risk for users when it comes to security. However, any potential risk can be minimised with continuous checks by the banking institutions and even by yourself as a user.

Some safety measures conducted by the banking institutions include: Regular tests of the system to ensure its reliability Provision of internet security arrangements to ensure a secure infrastructure Usage of a number of security technologies such as encryption, firewalls, automatic log-off and monitoring tools Installation of system to detect and disable attacks from hackers Undertake a periodic review every 6 months to assess possible risks and detect possible weakness in the banking institution's risk management system