
60-Second Summary
Bank accounts are a prime target for hackers due to a combination of human error, lack of awareness, and outdated technology.
- Human error: Reusing passwords and falling for phishing scams give hackers easy access.
- Insufficient knowledge: Many people don’t recognize warning signs or modern hacking techniques.
- Outdated software: Some banks still rely on outdated security, while personal devices often lack necessary updates.
AMCO’s Top Security Tips
- Strong passwords: Create complex, unique passwords and avoid reusing them.
- Phishing awareness: Be cautious with suspicious emails and links. Verify the sender’s address and check for grammatical errors.
- Avoid public Wi-Fi: Don’t conduct sensitive activities over unprotected networks; use a VPN for encryption.
- Device security: Install and maintain antivirus software; keep your devices and apps up to date.
Learn more & get details
To learn more about this subject, read our team’s full analysis below . . .

Why bank accounts are at risk:
There are a few factors that may put your bank account at risk. Some of them are:
Human error
The human element is still cybersecurity’s weakest point. User errors, such as repeating passwords or falling for phishing schemes, these factors frequently give hackers easy access.
Insufficient knowledge
Many people do not identify alert signs and are ignorant of contemporary hacking strategies. They are vulnerable to even simple assaults since they have not received enough cybersecurity instruction.
Obsolete software and technologies
Some banks still use outdated cyber security measures, providing a point of entry for sophisticated hackers. Likewise, neglecting to update your software could put your devices at risk.
How to keep your bank account and yourself safe:
1. Choose strong passwords:
- For your bank account, create distinct, complicated passwords using a combination of unique symbols, numbers, and letters.
- Avoid using the same password for multiple platforms, as not every platform has advanced cybersecurity measures.
- Try to use software such as Dashlane, Lastpass, Bitwarden etc, as they would let you create strong passwords.
2. Watch out for phishing attempts:
- Never click on dubious links and always verify the sender’s email address. You can double check the sender email address by hovering over the sender’s name. Fake email frequently makes use of strange characters or lookalike domains, such as b@nkname.abc or support@bankname-security.com.
- Look out for any grammatical errors as most of the prominent companies and senders proofread their emails.
- Keep in mind that trustworthy banks will never SMS or email you for critical information.
- You can use tools like PhishTank, Spamtitan, etc to sniff out any phishing links or emails.
3. Steer clear of public Wifi:
- Never carry out any private tasks on an unprotected or public network. Use someplace safer, like your home Wi-Fi.
- If you wish to do private tasks over a public Wi-Fi network, make sure to use a VPN. Before your device transmits your data over the network, a VPN provider encrypts it. All that will be visible to anyone watching your connection are unintelligible encrypted packets.
4. Make sure that your devices are secure:
- Install and maintain antivirus software.
- To eliminate vulnerabilities which could give cyber criminals access to your system, make sure the operating system and apps on the device that you use are updated on a regular basis.
- You can use strong Antivirus such as Norton360, Avestaone etc.

AMCO’s Recommendations
The general summary is that it’s difficult to technically hack a bank account (i.e. for a hackers to actually ‘break into’ an online bank account, but that it is is relatively easy for hackers (or fraudsters) to use ‘confidence tricks’ of various sorts to trick their way into your bank account.
Our top tips to prevent this from happening are as follows:
- Strong passwords: set-up strong unique passwords
- Phishing aware: keep vigilant for any phishing attempts
- Public Wifi: don’t use it! Or if you do – us it sparingly
- Device security: ensure you have up to date software on your devices, including anti-virus software
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