How First Trust Online Banking Protects Clients From Fraud
There has been a reported increase in online banking activities that are fraudulent. Phishing scams, virus attacks and key loggers have been prevalent occurrences. There is then the question if online banks like First Trust Online Banking are doing its best to be able to protect and advice their clients on the steps to avoid fraudster over the internet.
Online Banking Red Flag: Keystroke Logging
Keystroke logging is a means wherein fraudster would actually log what you type in as well as what your mouse clicks. These keystroke logging softwares are actually considered as Trojans which try to hit the heart of your computers OS (operating system). They are being installed as a virus. These Trojans are dangerous because of the fact that those doing fraud can in fact get access to the password, user ID, Social Security Number as well as your account number. All these are sensitive information. If a fraudster gets hold of these, it will be detrimental to your online banking privacy and security. Thus, if an online banking user has similar Passwords for various accounts online, then he is all the more vulnerable to fraudster. These fraudster could pose as legitimate users of your accounts since they have your login information.
First Trust Online Banking Advice To Keystroke Logging Threat
First Trust Online Banking advises its clients to use an anti-virus software. This is one important prevention that their online banking clients can do to prevent the havoc that fraudster could incite. There are several anti-virus softwares out in the market. There are those that come for free while there are also those that cost some amount. It is wise to do research on the company if one tries a free version. Make sure the company is reputable before you install. Another advice that First Trust Online Banking gives is to get the latest system updates for one’s operating system. These would ensure that security patches are installed to prevent fraudsters from infiltrating into one’s system.
Online Banking Red Flag: Phishing
Phishing is when fraud instigators try to get personal information from online users. It is very common for requests of personal information to come from a company or pseudo company that the online user has or has not encountered prior to the phishing. This organization would be sending an email and represent themselves as a legitimate firm. It will state in some instances state that your account is about to get inactive thus the need to get information. A similar looking copy of the site would then appear on the screen asking you to type the information.
First Trust Online Banking Advice To Phishing Threat
First Trust Online Banking advises online users that a reputable business will never simply send an email asking for the updating of password, usernames and other personal information by simply going to a link to their site. The company also advises to change password every 6 months.