Recently cyber crime department caught a gang which sneaked in many bank accounts and stolen money. Methodology they followed was e-mail to users asking for passwords from bank. This news led me to highlight some common points regarding internet banking security.
The tips are not only for end users but also for the banks which provide net banking. Awareness from user end and strong algorithms from bank end both are equally important. Not all the time hacker get caught and a wise man has said precaution is always better than cure.
Internet banking security is a big issue. It directly deals with money. In such case where user is not that aware, banks should think smarter to protect their customers.