I get asked this question often from family members, and while they are looking for a yes or no answer, I can’t leave them with just a yes. Yes I bank online. But I apply several underlying cyber security fundamentals when I bank online. I would advise you to do the same.
A couple items stick out to me:
- I don’t bank online from a public internet connection or a connection that I do not trust
- I make use a security zone by using a computer (okay a virtual machine) dedicated to banking.
- After I login and perform the action needed, I log out and clear out any caches.
Security is always a balance of convenience and usability to actual security. By sticking to these principles, I have a system that reduces my risk from potential attackers.