Today on-line banking is used everyday by millions people around the world. How safe is it and do you need a VPN for on-line Banking.
One of the most popular question is:
“I wanted to know if I should use a VPN (virtual private network) to connect to my bank website. A service I came across claims that they will encrypt my connection, but I don’t know if they can be trusted or not. What do you think? “
This is a great question. Selecting a vpn provider for your needs you must be sure that you can trust them. This is very important when we are talking about Internet banking.
What is VPN and How It Works?
A VPN (virtual private network) is a secured tunnel that connects your device (computer, mobile phone, planshet) and another computer (a VPN server) somewhere else in the world. The connection between your computer and the VPN server is encrypted. The encryption guarantee your data safety. All your data passed with this secured channel is hidden from third parties.
Is your encryption secure?
Usually vpn providers offer 128 or 256-bit encryption. This means that all your data is coded and cannot be intercepted.
Should You Use a VPN when Connecting to Your Bank?
Generally speaking, if you are using reliable Internet connection, if your system is not infected with viruses or malware, your operating system is up to date with the latest security patches, and you’re using the latest web browser version of Firefox, Chrome, or Internet Explorer, then connecting to your bank should be perfectly secure and nothing else needs to be done. Millions of people use on-line banking like that every day.
But in cases you are using unsafe Internet connection (like Wi-Fi) – using VPN is a necessity!
How can Using a VPN Service Backfire on You?
Under the vpn you get different IP address and you have to be ready to answer your bank security why your IP is changed. Bank checks everything to be sure that your bank account is not compromised. Online banking HAS TO BE SAFE..the bank should monitor your Computer IP location, EVERY TIME. Monitor ANY changes from ANY device that connects to it.
Whether or not you decide to use a VPN service depends only on your circumstances.
If you need a VPN service to simply anonymize your IP address – for example, to gain access to certain services (such as accessing content that would otherwise not be available to you due to geographical restrictions), then yes, a VPN service will help you.
From Sahrzad Blog: http://sahrzad.net/blog/safe-vpn-line-banking/