Online Banking Safety Tips

With online banking becoming more popular and practical, safety should be a key issue between you and the bank you do business with. It is important to make sure that your bank has taken the measures to ensure that your financial and personal information is being protected from identity thieves.

Here are two tips to ensure Online Banking Safety:

• Browser Security - Security begins with your web browser. You can protect yourself online by using an up-to-date browser with the most recent security updates.
• Encryption - Your bank should be using an encryption system and Transport Layer Security (TLS) to ensure your online banking safety. TLS is an advanced technology used to scramble your personal banking information and keep it out of the hands of identity thieves.

Possible Federal Law to Protect Personal Records

With identity theft getting more and more commonplace, some think that the solution lies in a federal law to protect personal records.

2008 has already surpassed all of 2007 in terms of security breaches and there is no visible end in sight.

Congress has been cracking down on online identity thieves but no legislation has been passed to directly target them.

Florida is one of the few states which require businesses to notify customers if their information may have been stolen, but new legislation may take it a step further and expand this security to other states.