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How Safe Is It To Use A VPN For Online Banking 2020

Table of Contents:
  • What shouldn’t I do when using a VPN to conduct online banking?
  • How can a VPN help with safeguarding online banking
  • To what extent can a VPN help me when I am banking online
  • Final Thoughts

It’s completely safe to use a VPN as you conduct online Banking transactions. Whether you are traveling, using a public WI-FI at an airport, café, or other public places, a VPN is the only thing standing between you and the prying eyes of the cybercriminals. While it may not be a good idea to conduct banking transactions while on a public WI-FI, using a VPN helps keep the information safe.

When banking online, you could provide your personal information, bank account details, secure passwords, and family-related information. If hackers can view this information, you could become the victim of credit card fraud or, worse – identity theft.

What shouldn’t I do when using a VPN to conduct online banking?

If you are using a VPN while conducting online banking transactions for additional safety and security; the constant server switching could be noticed by your bank and become suspicious; therefore, while banking online, stick to a single server so that your bank doesn’t become cynical and lock you out of your account. The smart move is to connect to a server from the same country in which you are currently located.

How can a VPN help with safeguarding online banking

Your online banking automatically becomes safer when incoming and outgoing information is encrypted. Rather than having you connect through the public WI-FI, the VPN enables you to access the internet through an “encrypted tunnel,” created by combining you through a different server than the one assigned by the ISP. Resultantly, you can use the internet with the ultimate protection of your data, mainly the banking related information.

To what extent can a VPN help me when I am banking online

A VPN can significantly protect your privacy, but it cannot guarantee that you will avoid hacking. Therefore, apart from using a VPN as a safe banking practice, you should take other precautionary measures. For instance, always use a secure password and practice other internet safety measures. If your banking password is not healthy, it can be easily cracked or guessed by the cyber-criminals.

Final Thoughts

Online banking in today’s time is no joke and comes with many risks. Especially in the COVID 19 environment wherein, most financial transactions are being done online. It’s imperative that you never keep your guard down and use a VPN service among other cybersecurity tools, to prevent a scenario involving a leak of sensitive banking related information.



This post first appeared on Ivacy Blog | All About Kodi, Streaming, Torrent, Privacy And Security, please read the originial post: here

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