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Unauthorized access or Phishing is one of the main risks in internet Banking. If a customer provides his internet banking credentials in a website that is not a legit bank website, his details can be used by the fake website to access his bank account and make transactions.
To control this - customers should be educated about phishing and asked to validate the authenticity of the website before they enter their credentials. Also customers must keep their credentials memorized and if they have written it down, they must keep it in a safe place that can be accessed only by themselves.
Wiki User
∙ 14y ago
Wiki User
∙ 14y agoUnauthorized access is one of the main risks of Telephone Banking. Since the customer care executive on the other side of the phone cannot see the customer he would not be able to 100% validate if the person calling is indeed the customer or an imposter.
To prevent this, the customer care officers ask a few verification/validation questions like date of birth, mothers maiden name etc to validate the authenticity of the cutsomer. But still, this is not 100% fool proof.
Wiki User
∙ 13y agoIt is relatively safe as long as you have your own computer at home. It is not safe if you plan on doing internet banking on a public computer. Someone might be able to figure out your pin number and will steal your identity.
If you can't afford your own computer at the moment, then use a family member's computer.
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What is VRU in banking?
"Voice Response Unit" for telephone banking. It is the automated telephone banking systems common in most banks and credit unions when a customer or member makes electronic banking transactions or inquiries via telephone.
Banks that offer telephone banking?
Almost all banks these days offer telephone banking. Ex: In India we have telephone banking options for all leading banks like SBI, ICICI, HDFC etc
What are the release dates for Dateline NBC - 1992 Online Banking Risks?
Dateline NBC - 1992 Online Banking Risks was released on: USA: 1999
What are advantages of telephone banking?
There are multiple advantages when it comes to telephone banking. You can easily check your account balance or transfer money from your savings to your checking account.
What are controls designed to do in the crm?
The controls in the Composite Risk Management process are designed to reduce the risks of the process being addressed. The controls are meant to balance the risks and the benefits of any process.
What are controls designed to do in the CRM process?
The controls in the Composite Risk Management process are designed to reduce the risks of the process being addressed. The controls are meant to balance the risks and the benefits of any process.
What is difference between mobile banking and telephone banking?
phone banking refers call the bank regarding any details from your telephone & respond to voice promptly by bank. mobile banking,most bank offering services will send sms your a/ct balance.
Which of presidents Ronald Reagan's economic policies may have contributed to the savings and loan crisis?
the deregulation of government banking controls gradpoint
How do you describe the e-banking products?
Some of the e-banking products are: a. Internet or Online banking b. ATMs c. Mobile banking d. Telephone banking e. Etc
Who controls the banking industry?
Some degree of control is exerted by government regulatory agencies, but remember that we have a free enterprise economic system; the banking industry essentially controls itself.
What is the meaning of telebanking?
system of banking by telephone: a system of transacting business with a bank by telephone is known as Telebanking.
What is the telephone number for natwest direct business banking?
08456072607
