Convenience and efficiency are the hallmarks of online banking. You can pay bills in seconds, automatically bal- ance your account, and save time and some money too as some companies even offer discounts for electronic payments. In recent times, more and more people are using the Internet to con- duct financial transactions
and make purchases.
Unfortunately, cyber criminals also find online banking convenient for rip- ping off unwary consumers, using a variety of scams to get access to passwords and account numbers.
The Week tells you how you can safeguard your money online