Educational
Safeguarding Your Finances in the Digital Age: Essential Security Tips for PSB Customers
January 18, 2024
In today’s increasingly digital world, managing your finances online has become the norm. While the convenience of digital banking is undeniable, it also introduces potential security risks. To safeguard your finances and protect your Peoples Savings Bank (PSB) account, it’s crucial to adopt essential security practices.
Digital Banking Security Tips
Digital banking offers unparalleled convenience, but it’s crucial to prioritize security to protect your finances. By following these digital banking security tips from Peoples Savings Bank, you can enjoy the benefits of online banking with confidence.
1. Create Strong and Unique Passwords
Passwords are the first line of defense against unauthorized access. Use strong passwords that are at least 12 characters long and include a combination of upper and lowercase letters, numbers, and symbols. Avoid using easily guessable information like your name, birthday, or words found in the English dictionary. Change your online banking password at least once a year.
2. Enable Multi-Factor Authentication (MFA)
MFA adds an extra layer of security by requiring a second verification step, such as a code sent to your phone or email, before logging in. This significantly reduces the risk of unauthorized access even if your password is compromised. Choose not to have your computer remember your device. When you remember your device it will bypass MFA security. Enable Facial recognition on your mobile devices for account access to add increased security.
3. Keep Your Devices Secure
Always use up-to-date security software, including antivirus and anti-malware programs, to protect your devices from online threats. Avoid accessing your PSB account from public Wi-Fi networks, as they may be less secure.
4. Beware of Phishing Scams
Phishing emails or websites attempt to trick you into revealing personal information, such as your password or credit card details. Never click on links or open attachments if you were not expecting them or from unknown senders, and always verify the authenticity of any communication claiming to be from PSB.
5. Set up Account Alerts
Take advantage of account alerts within online/mobile banking that will alert you to your password being changed; your security questions changed; Debit Card limits increased; email address changed; and many more. Account alerts can help you with fraud prevention, budgeting, can save you time, and be customized to meet your specific needs.
6. Use Caution When Sharing Personal Information
Never share your PSB account details, including your password or PIN, with anyone. Avoid carrying your PIN with you and memorize it instead.
7. Install Updates Promptly
Keep your operating system, web browser, and mobile banking apps updated to ensure you have the latest security patches and protection against vulnerabilities.
8. Be Wary of Social Engineering
Social engineering tactics involve manipulating individuals into revealing personal information. Be cautious of unsolicited calls or messages asking for account details or claiming to be from PSB.
9. Utilize PSB’s Security Features
Take advantage of PSB’s security features, such as transaction alerts, login notifications, and card controls, to stay informed about account activity and manage your security settings effectively.
10. Report Suspicious Activity Immediately
Regularly review your account statements and transactions to identify any unauthorized activity. If you notice any discrepancies, report them immediately to PSB by calling 573-409-4057 or stopping by your local branch. The PSB staff will assist you in investigating the issue and taking appropriate action.
By following these essential security tips, you can significantly reduce the risk of falling victim to cyberattacks and protect your finances while banking with Peoples Savings Bank. Remember, your financial well-being is a top priority for PSB, and implementing these security measures will contribute to a safer and more secure digital banking experience.