Gone are the ages of traditional banking. People have been shifting to online banking of late to save time and confusion. Online banking is more convenient and quicker yet there are few risks faced by the customers at times. We hear about the duplication of credit cards and debit cards and theft at ATM’s very often. Therefore online banking is vulnerable if the customer is not alert and cautious in handling their accounts.
New password must be 8 to 32 characters
- To create stronger passwords, try longer passwords that include a combination of uppercase, lowercase, numbers and special characters
- Passwords are case sensitive
- Current password must match the one on file
- Re-enter your new password (New password in both fields must match)
For Investor’s Edge, Imperial Investor Service and Wood Grundy use:
- A password you use for any other service
- Your name or a close relative’s name
- Your birth date, telephone number or address or those of a close relative
- Your CIBC account number
- Your card number
Here Are a Few Tips for Safe Online Banking:-
Your computer should be updated time and again and be secured all the time. For whatever purpose you use your computer, it does not matter but security software should be installed to protect your data from fraudulent access. Antivirus software should be running and a firewall has to be turned on to prevent cyber crimes. It is absolutely essential to safeguard your financial data to ensure safe online banking.
Beware of Suspicious e-Mails:
None of the well established financial firms will send you emails or SMS asking for your personal details like your login details. When you receive a suspicious mail, which may in every way resembles a genuine mail from your bank, never click however curious you are to read the mail. This sort of mails can be a phishing attempt to get your login details. Remember to type your online bank account directly into the browser directly.
Safer & Stronger Password:
Do not choose any common word which can be guessed easily. Let your password consist of upper and lower case alphabets and numbers and preferably not less than eight characters. Keep changing your password often to ensure safety.
Safe Location-Assure Security:
Always make sure you access your banking account from a well known and secure location using familiar computer and networks which are authentic. If you happen to access from a remote location, make sure you utilize your private network facility to make certain safe banking.
Opt for Account Notification:
Avail the notification facility provided by your bank to avoid any online misappropriation of your funds. When you come across doubtful notification, you can contact your bank to stop any misappropriation of funds.
Monitor Your Bank Account Frequently:
Check your monthly bank statements regularly to keep away any unauthorized financial e-transactions. It is always best to monitor your account thoroughly after your latest logged-in status. In case you come across any malpractice, you can inform your bank at once to stop further foul play by the e-thieves.
Never forget To Log Out:
Always remember to log out of your online banking session once you completed your banking via online mode. By being extra alert, you can protect your online banking safe and secure.