An experienced international banker, Julio M. Herrera Velutini is the chairman of a financial entity based in Puerto Rico. In his position, Julio Herrera Velutini strives to provide online banking opportunities to the people of Latin America.
In today’s digital economy, everything is just a few clicks away, including banking. When you bank online, you should take as much caution as possible to safeguard your online bank accounts.
Start out on the right foot by opting for online bank accounts with a two-factor verification process, instead of a single factor. This way, you can only log into your account after keying in your password and passing an additional security check such as inputting a unique one-time code or answering a security question.
With passwords, keep them as long as possible. Do not go for obvious things such as your name or birthday. Mix uppercase and lowercase, letters and symbols. Remember to change it often. When setting up a security question, you do not have to give the correct response. For example, if your security question relates to the name of your second child whose name is Mary, give your response as Susan.
Your digital devices also play a role in account security. Always have a lock for your smartphone or tablet. Update all software often and keep all security features such as firewalls active. Log into your account only through private networks you know and trust, not through the wifi at a coffee shop. If you’re at a remote location, use a virtual private network to access your online accounts. Lastly, always log out and set your computer to clear the cache history at the end of every browsing session.