Sharing is Not Caring!

Posted on Dec 10 2017 - 2:31pm by agnibanya

Today’s post is about a subject that I think needs to be talked about more often and awareness needs to be raised about. The times have changed from what it was just about 10-15 years ago. With the higher adoption of technology in all spheres of life, businesses, both big and small, are also extensively using  it to function smoothly as well as to build a connect with their customers.  

As the world feels more connected and shrinks in size due to technology binding us together, we are now more vulnerable to security attacks and breaches than ever before. This, I say, not only from a social media point of view, but also from the perspective of Online Banking and Internet fraud. Stories of big companies falling a prey to such attacks aren’t unheard of. In such a scenario, small businesses and individuals are also at a great risk.

While using any products and technologies to make our lives simpler, it is also extremely important that we observe certain safety precautions so that we can use technology to our maximum advantage, without any setbacks and avoid any bottlenecks in the smooth functioning of our everyday needs.

One needs to exercise caution while doing banking related transactions like paying bills online, using your card to make online purchases, funds transfer and other such things.

As an avid user of internet and technology for my everyday banking needs, I am always a little extra cautious about how and where I use my Debit Card, when and where I use an ATM and also while using internet and Wi-Fi connections.

Today, on #SBIComputerSecurityDay I am going to share some tips with you guys, things which are also recommended by one of India’s largest banks, the State Bank of India. These are the pointers that you should always keep in mind when doing banking transactions, with your card, either through your smartphone/laptop or even a POS transaction.


  • Sensitive information like ATM pins and OTP should never be shared with anyone. You must ensure that your ATM pin is not easy to guess like your Name or Date of Birth etc. Also, keep changing it at frequent intervals.
  • Always get your card swiped in your presence. Never give it away at payment counters or to unknown persons at billing counters. Insist on swiping it yourself.
  • The network connection you use to connect to the internet needs to be secure and so it is best to avoid the usage of public Wi-Fi connections, especially for banking transactions and even otherwise.
  • Security Questions that provide access to your account in case of emergencies like losing a password, should never ever be shared with anyone. These questions include mother’s maiden name, grandfather’s first name, name of your pet, and name of your first child etc.

VISHING CALLS or Voice Phishing Calls are kind of automated calls that might ask you for your account passwords etc. Any telephone calls, whether automated or with a human intervention, that asks for your financial information should be approached with caution. Do not give in to the temptation of some kind of reward or any kind of monetary gain that is being promised either over a phone call or via an email or SMS. Remember, banks will never ask you for any kind of information of that nature.

INTERNET BANKING is something that almost all of us use for some reason or the other. I don’t even remember the last time I went to a physical bank for any of my banking needs. In such a case, and even otherwise, it is advisable to keep a password that falls under STRONG STRENGTH category. It should always be a mix of letters, both big and small as well as numbers. It should be something that is not easy for a hacker to guess, and it should never be the same as your user ID. Keep changing your passwords at regular intervals for extra caution.

Also, all financial transactions should be done using a secure network only. Remember, sometimes using free Wi-Fi may cost you a lot!

Always keep your contact information updated in the bank records. Your phone number and email should be up to date for alert messages from the bank.

Keep a track of all transactions that happen in your account and never share your passwords, OTPs and CVV numbers with anyone.

When you do online banking, be sure to log out and end your session properly.

If you follow these precautions, you will be able to have a smooth and safe online banking experience and will be able to make the best use of technology minus any hiccup!!

Happy banking!

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