How Secure Are Your Online Banking Habits? - Adobotech | Tech, Gadgets Served in Adobo Flavors

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How Secure Are Your Online Banking Habits?

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CIMB Bank Philippines

With the growing popularity of cashless payment methods among stores and merchants, CIMB Bank Philippines, the country's most awarded digital-only commercial bank, emphasizes the importance of practicing smart online banking habits.

According to the latest Consumer Payment Attitudes study by Visa, a digital payment leader and CIMB's longtime partner, the trend of going cashless continues to gain traction in the Philippines. The survey revealed that 43% of Filipinos now carry less cash due to the increased use of cashless and contactless payments.

CIMB underscores the collective responsibility we have for maintaining effective cybersecurity. Safe banking and money management are achievable by adopting sound online banking practices. 

Here are some essential tips to enhance your online banking security:

Use Strong Passwords and Update Them Regularly
Create robust, unique passwords for all your accounts. Use a combination of upper- and lower-case letters, numbers, special characters, and even phrases. Regularly updating your passwords can minimize the risk of unauthorized access.

Stay Alert to Scams
Be vigilant against phishing, vishing, and smishing attempts. Scammers often use deceptive emails, calls, or texts to steal sensitive information. Always be cautious and skeptical of unsolicited communications.

Stick to Secure Networks
Avoid accessing your online bank accounts on unsecured Wi-Fi networks, such as those in malls, cafes, and other public spaces. Use only trusted connections for your online banking activities to prevent hackers from intercepting your data.

Transact Through Official Platforms Only
Ensure all transactions and interactions are conducted exclusively through official app stores and websites. Avoid third-party platforms that may compromise your security and expose your personal information to risks.

Activate Multi-Factor Authentication
Whenever possible, activate multi-factor authentication for your accounts. This additional security layer requires multiple forms of verification, adding an extra barrier against unauthorized access.

CIMB Bank PH encourages Filipinos to take control of their accounts and bank responsibly to achieve financial security and live their life purpose. Opening a CIMB account is quick and easy via the CIMB mobile app. Filipino citizens aged 18 and above need only one valid ID to get started. An account provides access to CIMB’s innovative deposit and loan products, along with special offers featuring high interest rates.

CIMB Bank PH, part of the Malaysia-based CIMB Group, the 5th largest bank in ASEAN, offers cutting-edge financial products and services.
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