Security & Insurance
Digital Security & Insurance Resources
A general resource from Digital Bank Networks on protecting your digital banking accounts and understanding insurance and protection considerations. We are a technology company operating a directory of third-party digital products and services — we are not a bank or an insurer, and nothing here is a product recommendation or a guarantee of coverage.
Practical security habits
These habits materially reduce the risk of unauthorised access to your financial accounts.
Use unique passwords and passkeys
Create a distinct, strong password for each financial account, or use passkeys where the provider supports them. A password manager keeps this practical. Never reuse a password across banking and other services.
Turn on multi-factor authentication
Enable multi-factor authentication (MFA) on every banking and payment account. An app-based authenticator or hardware key is generally stronger than SMS codes, but any second factor is better than none.
Check provider and app legitimacy
Before signing up, verify the provider's official website and download apps only from official app stores. Confirm the provider is registered or licensed with the relevant financial regulator in your country.
Contact the provider through official channels if you suspect fraud
If you notice unfamiliar transactions or suspicious messages claiming to be from your bank, contact the provider directly using the phone number or in-app support shown in your account — never contact details supplied in an unexpected message.
Insurance and protection considerations
Protection schemes and insurance coverage vary by provider, account type, and jurisdiction. Confirm the details directly with any provider before opening an account.
Verify the provider's regulatory status
Check which financial authority licenses or supervises the provider, and confirm your account type falls under that licence. Regulator registers are usually public and searchable.
Understand deposit and investment protection details
Find out whether balances are covered by a deposit guarantee scheme or whether investments are covered by an investor compensation scheme, and up to what limit. Coverage differs by country, provider, and account type.
Check eligibility before opening an account
Protection schemes often have eligibility conditions, such as residency or account currency. Read what the provider publishes about who is covered and who is not.
Read the policy documents
Review the terms, conditions, and exclusions before you commit. Ask the provider directly if anything is unclear, and keep copies of what you agreed to.
Reporting an issue
Account or security incidents should always be reported to the relevant provider through its official support channels. If you spot a problem with this site or its directory listings — for example an outdated or incorrect entry — let us know via our contact page.