Are My Banking Credentials Safe While Making An Online Transaction?

In 2011, the Bank of America website compromised the bank details of its customers. Reportedly, an employee of the bank leaked personal details including names, Social Security number, bank account numbers, PIN codes, etc to a group of fraudsters. These cyber criminals then hacked into email addresses, etc and hid the new transaction details from the customers. While online banking and online transactions are definitely convenient and time-saving, there are chances of data breach and security failures. There are a number of ways in which cybercriminals deceive people and steal their personal details. Here are some common ways through which criminals steal banking credentials:

1- Phishing

Phishing is a common problem faced by banks across the world. Phishing refers to unauthorized attempts to steal your banking credentials. Phishing emails look like they have been sent by a trusted source, for example, the originator may claim to be your banking institution. Remember that banks do not ask for confidential bank details like passwords, login details, unique reference number, etc.

2- Trojan Horses

Trojan Horses are malicious software which appears to be harmless at first but they are capable of wrecking havoc over the entire computer system. It is reported that each year banking Trojan horses scam millions of dollars from bank accounts in the US. They sometimes get automatically installed on your system. When you make an online transaction or visit your bank website, it secretly steals your bank account login details like username and password. It also sends your bank card details to cyber fraudsters. These cyber criminals then successfully sign in your bank account and transfer funds from your account to theirs.

3- Money Mule

Money mules are people who knowingly or unknowingly work as intermediaries for cybercriminals. They help in transferring unauthorized money to scammers. Cybercriminals employ money mules to protect their identities. Job seekers are lured by the criminals by fake work from home or part-time job offers. After asking for some token amount as an investment, the victim is asked to give their bank details. Some money is deposited in their account which they have to send to foreign bank accounts on a commission basis.

4- Keystroke Logging

Cybercriminals use keyloggers or spyware to steal banking information. A keylogger software gets installed on your system and it records all the keystrokes made with the keyboard. This information is saved and sent to the hacker. Apart from stealing credit card details and bank account information, they are used for identity theft.

Here is how you can ensure that your banking credentials are safe:-

Install and update Norton antivirus software:

In order to protect your computer system from phishing, malware, and other threats which may steal your banking details, install and update a good antivirus software. Norton antivirus is a sturdy and trustworthy software which offers real-time protection. It updates automatically, ensuring that the safety and security of the computer do not get compromised. To activate Norton kindly visit

Anti Phishing Feature:

Spoof emails or phishing emails often contain links to fake bank websites. These fake websites are well-made and they look like a replica of the genuine bank website. The antiphishing feature of Norton Antivirus protects the user from visiting unsafe websites. It blocks any threatening and fishy website.

Anti Spam Feature:

A common way for hackers to steal banking credentials is by sending out several spoof emails. These emails are well made and they look quite genuine. The phishers copy the logo, layout, digital signatures, etc of the bank and then send the skillfully crafted message to potential victims. Norton’s anti-spam features categorize emails into two folders: Inbox and Junk folder. It is a real-time based filter which employs Blacklist and Whitelist technique to classify emails as spam or genuine. Emails containing Trojans or malware can steal your banking details. Norton antivirus helps in detecting, filtering, and blocking spam.

Norton Antivirus Customer Support:

If you are worried about the safety of your banking credentials then install Norton antivirus and update it regularly. To get help or assistance regarding updating or installation, contact the Norton antivirus customer support on their toll-free number. The Norton customer service team consists of trained technicians who provide instant solutions.

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