#Good passwords for your phone password
A One-Time Password is an additional tool which is used to enhance the security of your online banking, should your password be compromised.Ī One-Time Password (OTP) is a password that is valid for only one login session or transaction, after which it becomes invalid. In our experience, 9 out of 10 scams rely on customers being convinced by scammers to provide personal details or access to their bank accounts.
#Good passwords for your phone update
If any of these are your password for any accounts, we strongly recommend you update them immediately. Your internet banking password should be kept confidential and only used by you.Īccording to recent studies, the following is a list of the 10 most common passwords used across Australia. You can use a passphrase, a sentence or a combination of words to create a password that is both strong and easy to remember.Īvoid sharing: Never share your password with anyone, including family members or friends. Memorability: Choose a password that is easy for you to remember but hard for others to guess. This way, if one password is compromised, your other accounts will still be protected. Uniqueness: Use a different password for each of your online accounts, including your internet banking account. Also, avoid using common words or phrases that are easy to guess. Unpredictability: Avoid using easily guessable information such as your name, birthdate, or other personal information in your password. This makes it harder for cybercriminals to guess the password using automated programs. The longer the password, the more difficult it is for cybercriminals to guess or crack it.Ĭomplexity: A strong password should include a mix of upper and lower case letters, numbers, and special characters such as symbols and punctuation marks. Length: A good password should be at least 6 characters long.
Your password is the first line of defence when it comes to protecting your finances online.īy creating your password with the following characteristics in mind, you can create a strong and secure password for your internet banking account, which will help to protect your personal and financial information from cybercriminals.
Protecting Your Finances: The Importance of Strong Passwords and One-Time Passwords for Internet Banking.
0 kommentar(er)
