In today’s digital age, online banking has made our lives easier. We can transfer money, pay bills, and check our balances from the comfort of our homes. Online banking has made managing finances easier and more accessible. However, this convenience also comes with risks, especially in the form of online frauds. In Nepal, where digital banking is on rise, it’s essential to stay alert and protect yourself from such scams.
How to Protect Yourself from Online Banking Frauds in Nepal?
Here are some practical tips to help you safeguard your online banking experience.
Use Strong Passwords
One of the simplest and effective ways to protect your online banking account is by using strong passwords. Avoid using easily guessable passwords like name, phone numbers and birthdate. Create a strong password mixed with letters, numbers and special symbols. Change your password within 3 months and never share your passwords with others.
Enable Two Factor Authentication (2FA)
Two factor authentication adds an extra layer of security by requiring a second form of verification, like code sent to your mobile number, email verification. If anyone tries to change your password you get a notification like verification code or email verification which helps to prevent such scams. So always enable 2FA.
Avoid unwanted Links and Emails (Phishing)
Phishing scams are common in online banking. Scammers send fake messages or texts pretending to be from the bank. These messages often claim there is an issue with your bank account or a need to verify your account. These messages may also include a link to a fake website. When we click on those links malware may install on our devices which may steal our data and information. Do not click on the links or any emails sent by suspicious people. Always verify the sender’s email.
Use Secure Network Connection
Avoid accessing your bank account in public Wi-Fi networks, as they are less secure. Scammers are more active on private networks. Use VPN for safe browsing.
Monitor your Accounts Regularly
Check your bank statements and transaction history frequently. Report if any suspicious activity is found.
How Global IME Bank Mitigates Risk?
Global IME Bank is committed to ensure the safety of its customers’ online banking experience. Here’s how the bank addresses the risks of online banking frauds and protects your financial information.
Advance Security Features
Global IME Banks uses advanced security features like encryption technology to protect your data during online transactions. This helps sensitive information remain confidential during transactions.
Regular Security Updates
Global IME Banks regularly update security protocols and technology infrastructures like firewalls, software etc. to mitigate possible risks. It regularly examines the system and logs of customers to avoid risk.
Secure Mobile Banking Application
Global IME Bank provides secure mobile banking applications to its customers.The app includes biometrics login, two factor authentication, and encrypted communication channel to safeguard users data. Bank also frequently updates security protocols and applications.
Customer Support
The bank provides robust customer support available 16 hours a day, where customers can report issues or seek assistance regarding their accounts. Notify Global IME Banks customer support immediately if any suspicious activities are found.
Use of Advance Technology
Global IME Bank uses advanced technologies like firewalls, servers etc. to protect users’ data and information from hackers. Use of advanced and secure systems helps to reduce attacks and fraud.
Customers Awareness Program
Global IME Bank also conducts different awareness programs to inform its customers regarding online banking fraud through social medias, SMS.
Conclusion
Since online banking is increasing rapidly, banks and customers both should be careful. Banks should maintain a strong and secure system while customers should also pay attention regarding online transactions.
