Nowadays, there are a lot of scams aiming at users of the online banking facility. There are several services which offer protection from identity thieves such as LifeLock. However, many identity thieves don't want to simply steal your identity information.
They don't want to just take advantage of the good credit history by stealing your checking account. Instead, they want to steal your money. Many banks have take precautions on these cyber criminals by offering various types of online protection services. As an end-user, you have the most responsibility to protect your financial information.
You can know about fraud prevention system at https://acuitytec.com/our-solutions/fraud-prevention/.
You must not solely rely on the bank to protect your financial information. You must take the initiative to look out for fraudsters on the internet. There are two common types of online frauds including keylogging and phishing. Phishing involves installing malware onto the computer while keylogging uses software to capture the keystroke you type onto the keyboard. Both methods will steal the login credentials of the end-user.
Keylogger software, also known as Trojan software is designed to be automatically installed in the user's computer through a virus. Keylogging software is dangerous because the fraudster will know every single word you type into the fields of the online banking login form.
With the keylogging software, they can steal all your personal information such as account number, user ID, password and etc. To avoid becoming the victim of keylogging software, you can install the antivirus software on your computer. The antivirus software can detect and inform you about the software that is operating in the background.
Once you detect the antivirus software, you can delete it. There are both free and commercial versions of the keylogger software. The commercial version of the keylogger software is better because it is equipped with a full range of features. You should constantly update your security patch.