Essential tips for protecting your Current Account

Your Current Account is a vital component of your financial toolkit, enabling seamless transactions and efficient money management. However, with the rise of digital banking and cyber threats, securing your Current Account has never been more critical.

Follow the tips given below -

1. Create strong and unique passwords

Creating a robust password is a straightforward yet powerful method to safeguard your Current Account. Steer clear of obvious choices like birthdays or consecutive numbers. Aim for a mix of uppercase and lowercase letters, numbers and special characters to create a strong password. It is wise to update your password frequently to maintain a high level of security.

2. Enable two-factor authentication (2FA)

2FA, coupled with a strong password, adds more security to your Current Account. With 2FA, simply knowing the password won't give anyone access to your account. You need a unique code sent directly to your mobile device. This extra step prevents unauthorised access.

3. Be vigilant about phishing scams

Phishing scams are used by fraudsters to steal your sensitive information by pretending to be a trustworthy source. Never take such messages at face value. Always double-check their authenticity before clicking on any links or sharing personal details. If something feels off, get in touch with your bank directly to confirm whether the request is legitimate. Your caution can save you from a lot of trouble.

4. Use secure networks for online banking

Avoid using public Wi-Fi networks to access your Current Account. Public networks are often insecure and can be easily exploited by cybercriminals. Instead, use a secure, private network such as your home Wi-Fi or mobile data. If you must use a public network, consider employing a Virtual Private Network (VPN) to encrypt your internet connection and protect your information.

5. Regularly monitor account activity

Keep an eye on your account activity to spot unusual transactions. Regularly check your account statements and transaction history. If something seems off or unfamiliar, contact your bank right away. Acting swiftly can help stop unauthorised access and protect your finances from potential losses.

6. Secure your devices

Ensure that the devices you use for online banking are secure. This includes using strong passwords, enabling biometric authentication (if available), and keeping your operating system and software up to date. Installing reputable antivirus and anti-malware software can protect your devices from threats that could compromise your banking information.

7. Don't share account information

Never share your account information, such as your account number or online banking credentials, with anyone. Banks will never ask for this information via email or phone. Be cautious of unsolicited requests and verify the source before disclosing any sensitive information.

Also Read: How to open a Current Account in a bank: 3 quick steps

Conclusion

Protecting your Current Account requires a combination of strong passwords, vigilant monitoring and the use of advanced security features. By following these tips, you can significantly reduce the risk of unauthorised access and safeguard your financial assets.

Axis Bank’s Current Accounts offer benefits such as quick account opening, free cash deposits and instant account allocation, making them a convenient and secure choice.

Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.