What is the s.e.c.u.r.e. method in banking
Digital Banking has revolutionised the banking sector by facilitating quicker and more convenient transactions. But many of us still believe that Digital Banking is not safe. As per a survey by Avaya, only 51% of Indians use Digital Banking channels. Show However, according to a report titled ‘Encashing on Digital: Financial Services in 2020’ by Facebook and The Boston Consulting Group (BCG), the number of users using Digital Banking is expected to double and reach 150 million by 2020. While all of us may have heard or read about fraudulent online transactions in the past, banks have now raised the bar when it comes to security systems. These enhanced security features are enough to make consumers feel safer and more confident while carrying out online transactions. Security measures in Digital Banking The security features available to customers include the following:
Apart from the above, banks also use the following:
These are the general guidelines that all the banks follow. However some banks are going the extra mile and elevating Digital Banking security even further through additional technology and infrastructure. These security features include:
Conclusion With HDFC Bank’s secure Digital Banking, you can carry out hassle-free transactions from the comfort of your home without needing to worry about the security of your money. To get more clarity on tips to follow for safe and secure transactions on Digital Banking, click here. HDFC Bank has a secure banking policy to protect you from any unwanted access. At HDFC Bank, we strive to give you a secure digital banking experience. Learn all about banking online safely, and the measures we take to protect you here. * The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. What type of security is used in banks?Hybrid security, as the name suggests, is a type of security that combines characteristics of both debt and equity securities. Many banks and organizations turn to hybrid securities to borrow money from investors.
What are the various methods of safe banking system?7 Tips for Safe Internet Banking. Change your password regularly. ... . Do not use public computers to login. ... . Keep checking your savings account regularly. ... . Always use licenced anti-virus software. ... . Disconnect the internet connection when not in use.. How can I secure my bank?Financial Blog. Safeguard your checkbook, debit cards, credit cards. Keep an eye on your checkbook, debit cards, and credit card at all times. ... . Never pre-sign blank bank instruments and documents. ... . Always verify transactions made. ... . Never share your bank details with anyone. ... . Stay vigilant.. How secure is digital banking?Encrypted data: The data is encrypted in such a way that none other than you and your bank can understand and read it while it is transferred across the internet. The cipher strength is so complicated that a hacker cannot crack the code easily.
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