From the money laundering controversy involving a cyberheist at the Bangladesh central bank to the leak of Philippine voters’ data, the recent incidents of security breach in the country have caused public alarm and outrage.
As the government and local financial institutions issue assurances of strengthened security within its systems, one bank gives tips for further protection of banking clients.
China Bank advises the public to observe the following measures:
∙ Keep personal information off social media. Always think before you post as you might provide others sensitive information about you such as location, accessibility, etc.
∙ Enable and/or subscribe to text and email notifications and alerts from your FSI.
∙ Continuously monitor the activity of your online accounts.
∙ Do not use the same password for online banking and nonbanking accounts.
∙ Do not surf the web while accessing online banking accounts. Ensure that only your online banking site is open on your browser.
∙ Install antivirus and firewall on your desktop and keep all your software up-to-date.
∙ Use a strong password and change them regularly.
∙ Do not perform sensitive transactions via public networks or Wi-Fi. Doris Dumlao-Abadilla/RC