Can VPN Protect the Banking Sector from Cyber-Attacks?

As smartphones and the internet have become an essential household item, the need for protecting the online life of every individual has become imperative. Today from shopping to banking, everything happens online, so it is essential to understand the risk of using the online medium for financial transactions.

In 2017, America’s biggest credit card company – ‘Equifax’ suffered a massive loss due to cyber-attack. The cyber-criminals were quietly stealing data. The attack was so silent, that after six weeks of the actual event, the crime was detected. Here, the bank lost almost 2 lakh credit card numbers of its customers. Imagine what the hackers might have done with the customer data.

This event shook the entire country, and eventually, the customers lost their trust in the brand entirely. To avoid such circumstances, the banks and other financial institutions must take necessary security measures.

Now, as more and more customers are shifting from a physical banking method to the digital platform, the risk of being watched has increased. The risk is even higher for those who are using Public WIFI to access their financial data. Public WIFI can be a lucrative option, but it comes with huge risk; these open networks have been used multiple times for phishing attacks. Thus, our temptation to use free internet can prove to be a significant hazard. Imagine if hackers could break open the network of a financial institution and how difficult it is for them to access your unsecured device.

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Can VPN Protect the Banking Sector from Cyber-Attacks

So, what is the solution?

The quickest and safest solution to all cyber-attacks is VPN software. VPN or Virtual Private Network provides secure encryption to all the web traffic that passes from and to our devices. The information is routed through an intermediate server, so that the data passes securely, without being eyed by a malicious hacker. Further, the VPN camouflages your IP address and confuses the hackers/ advertisers and govt authorities by giving them the impression that you are logging in from a foreign location.

How can VPN protect banking operations?

The banking sector and even individuals who perform online transactions can protect their sensitive data by installing a VPN server. As you know, a VPN provides the user with an artificial IP address whereby the original IP address is camouflaged or hidden; thus, your actual IP address is protected, and the entry of any third-party is restricted.

VPN’s keep you safe even when you browse your data on a Public Wi-Fi. You can use banking apps anywhere and make or receive payments without any fear.

For bankers, a VPN is the answer to their computer security. Every bank must have a VPN server with enough licenses to protect every system operating within the bank. However, it is vital to select the right VPN provider who can take care of the vast IT infrastructure and protect the data flowing through it. Choose a VPN that provides secure access to the bank server, which contains important files and documents for the employees working remotely.

The most recommended VPN providers for all Online transactions?

Nord VPN

With thousands of servers, spread across the World, this is by far the most recommended and easy to use VPN software. It is easy on the pocket and can take care of your data by providing strong encryptions. Read NordVPN review.

Try NordVPN


With the most robust encryption protocols, ExpressVPN is an excellent option for any bank. The provider has 2000+ servers and 24*7 assistance across the globe. It has a mobile application and is compatible with all systems.

Try ExpressVPN

The Final Word.

VPN is undoubtedly the need for the hour for every financial institution and for every individual who is always on the move. Using a Public-WIFI without a VPN is indeed a grave mistake. VPN’s are easy to use and very light on the pocket, even the best VPN software will come at the cost of $10 per month, but this small investment can save you from losing out millions.