Cybersecurity + Online Banking

October 1, 2019
by Team SESLOC

5 Cybersecurity Tips for Online Banking

Online Banking is safe, as long as you take these reasonable precautions:

  1. Use a strong password or long passphrase with a mix of letters, numbers, and symbols.
    • Avoid dictionary words, pets’ names, or trivial combinations of dictionary words and numbers — a hacker can crack a password like Summer2019 or $ummer2019 in less than one second.
    • Try turning a memorable phrase into a secure password or use an entire phrase that only you would know (and mix in cases, numbers, and symbols).
    • If your password is stolen change it and tell us right away.
  2. Never reuse a password on multiple sites — if a hacker cracks one password, they will try it on multiple sites.
  3. Look for the lock! A lock icon before the URL indicates the webpage you are visiting is secure.
  4. Keep your computer up to date and run updated malware protection (aka antivirus software).
  5. Avoid public WiFi for Online Banking — hackers can create rogue access points on WiFi networks to monitor activity, and can even create their own network that looks like a legitimate one. Use your private, secured WiFi or cellular data instead.

What is SESLOC doing to protect me?

  • SESLOC Online Banking uses an encrypted connection between your device and the system.
  • Enrolment requires key information to match plus confirmation to a telephone number already on file with SESLOC
  • Multifactor authentication is required, as well as a Secure Access Code when accessing on a new or unregistered browser — don’t share your Secure Access Codes with anyone. 
  • SESLOC conducts regular audits and penetration tests.
  • SESLOC protects you against unauthorized withdrawals from your account. Review your transactions and statements frequently, and report anything unusual right away. The sooner we know, the sooner we can protect you and stop any losses.
Filed under Online Banking | Support

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