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Online banking security

Learn how we protect your accounts and what you can do to improve your banking security.

How HSBC helps protect your account

Multi-layer log on verification

We use a combination of a unique username and password, with the security codes generated by your Digital Secure Key, to protect your account. This multi-layer approach helps prevent unauthorised access – similar to securing your door with multiple locks.

Data Encryption

We use the TLS 1.2 encryption standard, which is common across the banking industry. This encryption method converts your information into a code and only you can access it. The encryption also makes sure no one can tamper with your data, keeping it safe.

Automatic 'time-out' feature

Your online banking session will sign you out automatically after a period of inactivity, but you can better safeguard your information by always logging out once you've finished.

What you can do to improve your online banking security

Protect your devices and keep them up-to-date

  • Install the latest updates for your mobile phones, laptops and other devices
  • Keep any browsers or software on your computer up-to-date and uninstall things you no longer need
  • Install reputable anti-malware and anti-spyware software, run regular scans to detect and remove harmful threats
  • Log on and bank through the official mobile apps downloaded from the official app stores only, not third-party sources

Look after your personal data

Avoid using online banking, e-mail, social networks or shopping sites when using public wi-fi or shared computers, note that:

  • Public computers often don't have adequate protection installed to prevent malware, key loggers or other malicious software from recording your log on details
  • If you ask sites to 'remember' your personal information, such as usernames or account details, others can access it later on
  • Scam wi-fi hotspots can track your activities when your device is connected

Your mobile phone contains a wealth of personal information about you, including your banking details. To stay secure, you might want to:

  • Set a security PIN, fingerprint or face ID for unlocking your phone
  • Set your phone to lock automatically if you don't use it for 1 to 2 minutes
  • Avoid storing passwords or other sensitive information in your notes or messages
  • Avoid saving your home phone number and address under ‘home’ in your contacts

Beware of text message and voicemail scams. Think twice before tapping on any links.

Dispose of paper statements securely. When it comes to your personal details, think about both online and offline security.

Beware of fraud and scams

Be wary of deals that sound too good to be true

Criminals may claim to have good bargains for you through their websites, e-mails or phone calls. Be cautious and make sure the offers are genuine even if they sound convincing. Read more on common fraud and scams and tips to avoid fraud.

How to stay safe online as older Australians

You can find all the skills and knowledge you need to stay safe online at Be Connected. It is an award-winning Australian Government initiative for older Australians. Visit the one-stop shop Be Connected now to find more than 150 online learning modules and 350 learning activities – and it’s all free.

You might be interested in

Find out how you can get support from us for your questions or concerns related to your banking.
Keep yourself and your money safe by learning about different types of scams and frauds.
HSBC Safeguard is a series of initiatives designed to protect you from fraud and financial crime.