But don’t most banking websites have strict and powerful security protocols that no hacker can possibly bypass? They Yes. Find out if it is safe to use VPN for online banking
So when and why would you need to use a VPN for online banking? We will try to answer all those questions in this post. So, read on!
Is it safe to use VPN for online banking
Why is VPN a great tool for secure online banking?
We started to find out why it is safe to use VPN for online banking. At first, a VPN encrypts your data long before it leaves your device. This means that no viewer can see your traffic. More specifically, your data first reaches a VPN server where your IP address is changed.
In such a case, your online destination perceives your data coming from your server location. Now, let’s see how this can solidify your online banking security in real life.
When should you use a VPN for online banking?
Use a VPN when banking online over public Wi-Fi
Example: You’re at an airport when you suddenly need to e-mail a bank statement to your banker, which is a requirement for a loan you want to take out. Would you rush to log into your bank’s website without any layer of security? Without a VPN on public Wifi, you are in serious danger.
The need to transact online can arise anywhere, whether it’s at an airport, a coffee shop, or a shopping mall. Hackers often love to thrive in these places, as the networks involving these places often lack passwords.
In addition, many cunning hackers replicate the Wi-Fi network of those places that are easy to fall prey to. It goes without saying that the moment you log into your bank’s website, a hacker has free access to all of your bank data.
when making transactions while traveling?
Example: travel to a country A transaction from this location could look like identity fraud to your bank, as it has in the past. He has forgotten to inform his bank about his trip and needs to make a large fund online transaction. What would you do? We recommend that you use a VPN when traveling .
Your bank cares a lot about you. And that is the reason why you can block your account in case you detect a transaction from an unknown foreign location. In such a case, you can turn on your VPN, select the server in the country where your bank is located, and then make an online transaction.
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A VPN protects you when you use a mobile app
Example: A malware has recently attacked an application that is known to mimic banking websites and their applications. You notice that it is the same application that you have installed. What would you do now?
In this digital age, we often bank through mobile apps and third-party apps that often redirect the user to a mobile banking app. In the past, there have been incidents where hackers exploited this phenomenon in which they hacked the third-party app or mimicked a bank’s website . A VPN ensures complete protection in scenarios where funds are being sent back and forth.
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When your transactions need to be private, very private
Example: You have ventured into an online business where you have to make frequent payments to a client and also have to send wages to your employees. You use the same checking account for both transactions and must enter crucial employee and customer details for the same. In this case, you are not only responsible for your finances, but you are also responsible for the finances of your customers and employees.
Which VPN should I use? And how would my online banking be protected? Based on this subheading, you could say: even the smallest transactions are private. That’s true! But, let’s say you regularly conduct high-level transactions or conduct transactions involving the details of your customers or employees.
These details not only include the amount of the transaction, but also details such as account number, MICR verification codes, financial system codes, personal data, credit history, etc. It goes without saying that if a hacker intercepts such transactions, not only his finances will be in danger but he will also be putting the finances of his clients or employees in soup. You don’t want that to happen, do you?
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We have compiled a list of some of the best VPNs for Mac , iOS , Android Y Windows . Systweak VPN, for example, is one of the best VPNs for Windows, which is also one of the best VPNs for online banking. Regarding what we have discussed above, let’s see how Systweak VPN can help you secure your online banking:
- For starters, with Systweak VPN you can be sure that your real IP address and location will never be revealed.
- 4,500+ servers in 53+ countries spread across 200+ locations. As we said, it should not be difficult for you to choose a server where your bank is located
- Military-grade AES 256-bit encryption: no hacker can break into your connection thanks to this military-grade security
- Strict no logs policy
- Availability of kill switch: In case the VPN connection fails, this feature will automatically disconnect the Internet
- OpenVPN and IKev2 – protocols ensure excellent speed while helping to remain undetected by firewalls and filters
How simple is it to use Systweak VPN?
When you have an urgent online transaction that your life probably depends on, you need a VPN that is easy to use, and when it comes to Systweak VPN, it is one of the easiest VPNs to use. All you need to do is –
1. Download, run and install Systweak VPN
Download Now Systweak VPN
2. Login with your credentials
3. Choose a server
4. Switch the ON/OFF switch to ON
And that is! You are good to go.
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Ending
Being armed with tools like VPN helps you strengthen the security of your online banking, and if you support this, please let us know in the comments section below. If you find the blog interesting and valuable, please share it with the people you care about.
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