How to do safe Internet Banking on a VPN
Modern society is on the verge of mass digitalization, and this is certainly a good thing. Just think about this: through mobile banking, you can easily check your bank accounts or order statements, pay any bills, and even make contributions to charitable organizations at any time of the day, without leaving your home.
On the other hand, with the increase in the number of Internet banking users, the number of various scammers – hackers and malefactors, whose main income is money stolen from the accounts of respectable users, also increases.
Today, banks all over the world are doing everything possible to ensure the proper level of security of their customers’ accounts, but many still have concerns about identity theft and financial losses. As the use of VPN (a virtual private network) in most countries is becoming more ubiquitous, people are beginning to ask the question, “how to make secure Internet banking on a VPN?”.
Why does a VPN provide more security when working on the Internet?
VPN is considered the most important means of protection against hackers and phishing attacks, the main purpose of which is to steal your bank card data. At the time of activation, the VPN creates an ultra-secure data tunnel between your computer or device and the remote virtual server. In this tunnel, with the help of unique encryption algorithms, all passing traffic is anonymized (hidden) from the eyes of outsiders. This means that any of your actions on the Internet do not leave any traces behind. If you want to learn more about how a VPN works, we just come across a detailed review on ExpressVPN. We recommend you to check it out!
Using a virtual access service on public Wi-Fi networks, where you share some of your traffic with many people, is especially useful. However, it also plays an important role at home. Of course, if you really care about your security and the safety of your personal data.
As for working with Internet banking, without a VPN enabled all your bank transactions, as well as such various personal information (for example, your first name, last name, residential address, and contact phone number), can easily be hacked by hackers. If you use a VPN, then all data traffic coming from you is additionally encrypted in such a way that any transactions and changes on your account will be securely protected from prying eyes.
When should I use a VPN with Internet Banking?
There are several situations in which the use of the virtual access service when working with your account via the Internet is highly recommended:
1) If you use Internet banking while traveling.
Some banks track the IP addresses of their customers to keep up to date with bank account transactions from abroad. While this is generally a good initiative, in practice it can create problems for a person while traveling. Judge for yourself-yesterday you paid for purchases in a store in your city, and today you are trying to pay for a ticket to the Louvre in Paris. If the bank does not like the location from which you access the mobile app, it may decide to temporarily block your account. Choosing the access server of your country, when using a VPN, gives a full guarantee that the bank will not block you.
2) Use of mobile applications for online banking.
Most of us are much more comfortable solving everyday problems with the help of our smartphones or tablets. This also applies to any banking transactions. However, mobile devices, especially those based on the Android operating system, are quite vulnerable to hacker attacks, the introduction of Trojans, and various malicious programs. Even if the banking application encrypts the data, installing a VPN application on your mobile device provides more complete protection, especially when transferring large amounts of money.
3) Work with a bank account via public Wi-Fi.
If you are using a public Wi-Fi connection, such as an access point in a restaurant, airport, or hotel, we recommend that you enable an additional layer of security. A VPN will hide your location and IP address when sharing a public wireless network, making it harder for attackers to break into your device. In addition, your personal data will be securely encrypted, which means that no one will be able to intercept your messages or personal information, such as logins and passwords.
Additional measures to ensure the security of Internet banking.
Although the issue of security of working with bank accounts online today is given increased attention by the best VPN developers, it is still worth paying attention to additional methods of protecting your personal data.
First of all, you need to think about how secure your current password is. Most likely, you, like most people, do not use a sufficiently long or complex password to the mobile bank. Do not underestimate the importance of a strong password. The correct choice must contain a combination of numbers, letters, and symbols. Since this random string is likely to be difficult to remember, make sure to write it down and keep it handy (preferably not in the same wallet as your bank card).
Also, do not consider the fact that even when using a VPN, you are still potentially vulnerable to threats such as malware, viruses, and Trojans. Hackers are constantly improving their software. To protect against attacks on all your devices, including smartphones, you need to install powerful antivirus software.