Tips for safe internet banking

All through the year, banks and financial institution are taking up innovative measures to protect its customers from such banking frauds. But sometimes it’s our very own negligence that makes us fall prey to such thefts. Whilst, both the banks and financial institutions are doing their part, we should too adopt a cautious attitude to protect ourselves. So, to help you out in this process, we have a gathered a list of some tips for safe internet banking that you can consider doing.

Digital advancements have made our lives much easier, we can now order food or purchase things in the comfort of our homes. These rapidly evolving advancements are also transforming the banking and financial sector in India. Whether someone is transferring funds, paying a bill or applying for such loans such technologies are enabling customers to do it in a more efficient and effective way. The number of users opting for internet banking is expected to double by 2020, making India an important hub for financial innovation. However, internet banking, just like like any other medium if not done with utmost precaution can prove to be risky. There are scams like phishing( fraudulent means for attaining confidential information) associated with internet banking which enables a third-party to access and misuse your personal information.

Banking online has made managing money a lot more convenient than it used to be. We don’t have to visit the bank to transfer our funds, or wait for the next paper statement to know what the balance is. All that information is at our fingertips. But while online banking has made things easier for us, it’s also made things easier for thieves.

Criminals don’t need to plan a heist to rob someone’s bank account anymore. All they need to do is wait for you to let your guard down and expose your personal information, or send out a virus that will collect the information. The only way to avoid becoming a thief’s next victim is to carefully guard your personal information and always practice these online banking safety tips. 

1. Don’t access your bank accounts on public Wi-Fi

When you’re on public Wi-Fi, hackers can more easily access your computer and steal personal information from it. You should never access your bank’s website through a computer, tablet, or mobile phone unless you’re on a secure Wi-Fi network with a password, or using your own cell phone data connection. This is much more difficult for thieves to hack, so it keeps your information safer.

2. Avoid saving your login information

Some websites give you the option to save your login information for future use, but if someone uses your computer or mobile device after you, they could gain access to your bank accounts. To at least help prevent this from happening, many banking sites now time out after a certain number of minutes of inactivity, and do not save your information.

3. Use strong passwords and change them often

Strong passwords have a mix of upper- and lowercase letters, numbers, and symbols. Many banks now require your online accounts to carry a password meeting these requirements. You should also change your password every couple of months, and use different passwords for all of your online accounts so that hackers will have a more difficult time gaining access to your information.

4. Use two-factor authentication whenever possible

Two-factor authentication is the next level of security that many banks are now offering. Usually, you give your bank your phone number, and it texts a code when you log in online. Some banks also enable you to request a code via email or a phone call. You must enter this code in addition to your password to log in. This way, even if someone has stolen your password, they cannot access your accounts. It’s another hoop to jump through, but it could help keep your money safe, so set it up if your bank offers it.

The irrational things about trust

The obvious and rational equation is that being trustworthy plus being transparent will lead you to be trusted. Verification of trustworthiness should lead to trust.

This makes sense. Being trustworthy (acting in a way that’s worthy of trust) plus being transparent so that people can see your trustworthiness—this should be sufficient.

How then, do we explain that brands like Coke and Google are trusted? The recipe is secret, the algorithm is secret, and competitors like DuckDuckGo certainly act in a more trustworthy way.

In fact, trust often comes from something very different. It’s mostly about symbols, expectations and mystery.

Consider the relationship you might enter into if you need surgery. You trust this woman to cut you open, you’re putting your life in her hands… without the transparency of seeing all of her surgical statistics, interviewing all previous patients, evaluating her board scores.

Instead, we leap into surgery on the basis of the recommendation from one doctor, on how the office feels, on a few minutes of bedside manner. We walk away from surgery because of a surly receptionist, or a cold demeanor. 

The same is true for just about all the food we eat. Not only don’t we visit the slaughterhouse or the restaurant kitchen, we make an effort to avoid imagining that they even exist.

In most commercial and organizational engagements, trust is something we want and something we seek out, but we use the most basic semiotics and personal interactions to choose where to place our trust. And once the trust is broken, there’s almost no amount of transparency that will help us change our mind.

This is trust from ten thousand years ago, a hangover from a far less complex age when statistical data hadn’t been conceived of, when unearthing history was unheard of. But that’s now hard-wired into how we judge and are judged.

Quick test: Consider how much you trust Trump, or Clinton, Cruz or Sanders, Scalia or RBG. Is that trust based on transparency? On a rational analysis of public statements and private acts? Or is it more hunch-filled than that? What are the signals and tropes you rely on? Tone of voice? Posture? Appearance? Would more transparency change your mind about someone you trust? What about someone you don’t? (Here’s a fascinating story on that topic, reconstructed and revealed).

It turns out that we grab trust when we need it, and that rebuilding trust after it’s been torn is really quite difficult. Because our expectations (which weren’t based on actual data) were shown to be false.

Real trust (even in our modern culture) doesn’t always come from divulging, from providing more transparency, but from the actions that people take (or that we think they take) before our eyes. It comes from people who show up before they have to, who help us when they think no one is watching. It comes from people and organizations that play a role that we need them to play.

Data Mining and Big Data

As the saying goes, “your intelligence is only as strong as the information that backs it”, this explains the importance of the data in human life. We develop logic on the amount of information we put inside our brain.  As per Forbes 2019 reports, internet data created per day is approximately equal to 2.9 quintillion byte. A quintillion byte is a billion gigabytes just for reference. Every aspect of human life is transformed to data in many ways by the electronic equipment that we handle daily. The increase in data generation is directly proportional to the development in the wearable and mobile devices, IoT, Tweets, posts, mobile communications, etc. Google alone handles more than 60,000 searches per second, On the other hand Twitter administers 5 lakh tweets per day, and there are more than 160 million emails sent every day, and all things like these accumulate into the vast database ever known to mankind. The concept of big data is getting bigger and bigger with every passing second. It has become more valuable than ever for the big players and big bosses i.e. companies and countries and there is politics and geopolitics is involved and it has become a extremely big topic certainly in the last decade. As per the estimate of the global economic group states at the end of 2020, data flows will constitute 16 to 22 percent of the global GDP. The impact of data in the Indian economy is becoming vital day by day as the Indian GDP relies more on tertiary sector services. At the end of 2030 around 50 percent of the Indian economy will be constituted by the data-driven digital market as per estimates.

A major hurdle in the digital markets is to find insights into data. Data abundance is making it difficult for organizations to get the right and on point insights of data. Data science and data analytics come in handy to deal with unstructured raw data accumulated by various sources. Data science is the study of a combination of mathematics, statistics, programming, and capturing data in ingenious ways, the activity of cleansing, aligning the data and withdrawing proper conclusions and analytics from the data. This is an umbrella of data manipulation techniques to extract information from the raw data. So, Data analytics is the science of examining the accumulated data to arrive at useful information. Basically an algorithmic or manual process to derive insights into the data.

Applications of data science and data analytics are worth explaining because of its huge influence in our personal lives as well as everything around us. Internet search, Digital advertisements and also regular advertisements up to some extent are a major example of data science’s application. There are other applications as well like prediction of weather and other natural disasters and other prediction based applications. Digital advertisements are gradually moving from radio and television to the internet. People contribute most of their personal time on the internet which means they create their own data about their behavior pattern that helps the advertisement companies to analyze and curtail a specified advertisement to his/ her social media page, the super caches allows digital branding and advertisement companies to sell products in an efficient way to a certain niche and demographics as per their need. Now this can have a good as well as bad effects, either it can prove to be super convenient because then no one has to watch irrelevant ads but then it can also lead to manipulation and free will is already under debate so it just complicates things even more. The healthcare industry is a pioneer in the data analytics arena meaning that one of the first industries to harness the technological advancements of data analytic techniques is the healthcare industry. Efficient treatment technique, Patients flow,  and patient future illness prediction are done through new data analytics techniques. Travel and tourism, gaming, oil, and natural resource management are the other major industries using data science for their research and development purposes. The future belongs to those who harness the true power of data in an effective way, those who ignore the true potential of data mining will be left behind soon. As they say, “data is the oil of 21st century”.


Love Animals, Discard Cruelty rather extreme Cruelty: Facts from PETA  Many animals are friends of human beings. Some animals stay in forests but some stay with human beings known as domestic animals. Domestic animals help us in many ways. Anyway, as for food habits, many human beings eat non-vegetarian foods such as eggs, animals’ meat, birds’ … Continue reading

Rate this:

Love Animals, Discard Cruelty rather extreme Cruelty: Facts from PETA 

Many animals are friends of human beings. Some animals stay in forests but some stay with human beings known as domestic animals. Domestic animals help us in many ways. Anyway, as for food habits, many human beings eat non-vegetarian foods such as eggs, animals’ meat, birds’ flesh, fish, etc. So, food habit is not the … Continue reading Love Animals, Discard Cruelty rather extreme Cruelty: Facts from PETA 

Rate this:

How to write a good resume

Your resume must clearly, concisely and strategically present your qualifications to get a recruiter interested in meeting you. It should convey your skills, work experience and assets. The resume is used to describe what you can accomplish professionally in a manner that also illustrates what you can do for an employer. Job opportunities can arise … Continue reading How to write a good resume

Rate this:


Something went wrong. Please refresh the page and/or try again.