Page 29 - Banking Finance November 2020

ARTICLE

that password should not be shared over the phone. Even if background which may even hang the mobile and hamper
there is an urgency for the same, it should be shared in the its working.
form of a code or by splitting it and sending it.
Internet Security: It is very much necessary to be careful
Anti-Virus Security: Our Computers/Mobiles are most regarding internet security. All the applications which are
vulnerable to threats from virus attacks and being attacked requiring internet are prone to risk. So, it is essential that
by malware which can be avoided by taking proper we have to be very careful while logging into internet sites.
measures and installing authentic antivirus softwares. Most Internet security is related not only to internet, but also to
of the organizations are using one or another antivirus browser security, network security and the World Wide Web.
softwares in their systems and mostly all the systems are
monitored centrally by the particular team taking care of Whenever we are logging into any internet site for doing
it. These softwares are updated regularly and periodically any transaction, we have to ensure that the network is
by these teams and such systems which are not taking part secured with https. HTTPS is an internet communication
or are switched off at the time of such updation are then protocol that protects the integrity and confidentiality of
kept out of network till being updated so that the threat data between the user's computer and the site. Users
and spread of malware/virus can be avoided. expect a secure and private online experience when using
such website. HTTPS uses an encryption protocol to encrypt
Besides the official computers, it is very necessary to use communications.
the anti-virus on our laptops, PCs as well as on our mobiles.
In earlier times, internet banking was mostly done on our The secure site can also be recognized with a padlock in the
Laptops or on our PCs. But now- a- days, the maximum address bar. The "S" in HTTPS stands for "Secure". It's the
percentage of online transactions whether it is through secure version of the standard "hypertext transfer protocol".
internet banking or through any of the various mobile So, while browsing any site for doing any transaction, it is
applications/UPI/BHIM etc., is done through our mobiles, to be ensured that we are using a secure site and not on a
but still a very less percentage of users are using anti-virus compromised network that is redirecting to an impostor
software on their mobiles either due to non-awareness or website.
due to ignorance, although these anti-virus softwares are
not too costly and are also available on e-commerce sites. Although, now cyber cafe are used very less for doing online
But it is not advisable to use anti-virus softwares which are financial transactions, still if a person is going to cyber café
free of cost as these may be even more dangerous than not for the same, it is advised to use virtual key board (if
using any of the paid ones, because these free ones may available with the application) for using any login details and
steal the data and they also run many applications in the password, because key loggers might have been used in the
keyboards to steal the data you feed through the keyboards
while the sequence of virtual key boards change every time.
Besides, at many places such as hotels, railway stations ,
airport etc., free Wi-Fi is available which is often used by
the persons using internet in that particular area. But, as
free Wi-Fi is available to all those having access to it, it is
also more prone to risk.

Hence, it is better to avoid using any such Wi-Fi which is
not secured especially for doing financial transactions. Both
password-protected and unprotected public Wi-Fi
connections can be easily monitored by third parties by
employing very simple measures, for example by imitating
networks. It is better to use mobile hotspot from our own

BANKING FINANCE | NOVEMBER | 2020 | 29