Is On-Line Banking Safe?
Yes, if you make sure that you take all of the needed precautions. In addition to the basic precaution of making sure that no one has / uses your password you should further protect yourself by using not only a different password for each on-line bank / credit card company, but use a password that is at least 10 characters long and a combination of letters / numbers that arent a common word / name / date to you. In addition, it is very important that you keep your system secure from malware and viruses. Many of these programs include things like key loggers or modify the HOST file used by your computer to locate websites on the internet. If one of these programs gets installed on your system your password and account can easily be compromised. If you take the recommended security steps detailed in this and other newsletters online banking is safe and convenient.
