To protect your bank account from cyber fraud, follow these best practices

General Security Measures

1. Use strong, unique passwords: Combine uppercase and lowercase letters, numbers, and special characters.
2. Enable two-factor authentication (2FA): Add an extra layer of security, such as a code sent to your phone or a biometric scan.
3. Keep software and operating systems up-to-date: Regularly update your devices, browsers, and apps to ensure you have the latest security patches.

Online Banking Security

1. Use a secure internet connection: Avoid using public Wi-Fi or unsecured networks to access online banking.
2. Verify the bank’s website: Ensure you’re on the genuine website by checking the URL and looking for “https” and a padlock icon.
3. Monitor account activity regularly: Regularly check your account statements and transaction history to detect suspicious activity.

Password and Credential Management

1. Use a password manager: Consider using a reputable password manager to generate and store unique, complex passwords.
2. Avoid phishing scams: Be cautious of emails, texts, or calls that ask for sensitive information, and never provide credentials in response to unsolicited requests.

Card and Transaction Security

1. Use a secure payment method: Consider using a credit card or a digital payment service like Apple Pay or Google Pay, which offer additional security features.
2. Keep card information private: Never share your card number, expiration date, or CVV with anyone, unless you’re certain it’s necessary and legitimate.
3. Set up transaction alerts: Configure your account to send notifications for transactions above a certain amount or for suspicious activity.

Additional Precautions

1. Be cautious of public computers: Avoid accessing online banking or entering sensitive information on public computers or devices.
2. Use antivirus software: Install and regularly update antivirus software to protect your devices from malware.
3. Shred sensitive documents: Properly dispose of documents containing sensitive information, such as bank statements or credit card offers.

What to Do If You Suspect Fraud

1. Contact your bank immediately: Reach out to your bank’s customer support or fraud department as soon as possible.
2. Report the incident: File a report with the relevant authorities, such as the Federal Trade Commission (FTC) or your local police department.
3. Monitor your credit report: Keep a close eye on your credit report to detect any potential identity theft or fraudulent activity.

By following these guidelines, you can significantly reduce the risk of cyber fraud and protect your bank account.