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5 Ways To Be Safe While Mobile Banking

In today’s world, you do not need a computer to do any bank transactions. You can easily do such transactions via your smartphone.

Imagine this: You’re on your way to a fantastic vacation destination. You’re waiting in line at the airport to embark on a flight. And suddenly, you remember that you forgot to pay the rent.

Sure, with all the hype caused by your vacation plans, it’s understandable. But your landlord isn’t exactly the patient and forgiving type. So, what do you do?

Mobile banking is easy, saves you a lot of time and effort and involves money. In some cases, lots of it. But, is it safe? Could a thief sniff out your bank account information digitally? Is it safe to make financial transactions using an app or text messaging, or by visiting a mobile Web site? Well, here are safety measures to consider:

5 Mobile Banking Security Tips

1. Never leave your device unlocked. Passwords are essential to mobile banking. Hence, if you often use your phone for mobile banking, you should always lock your phone. This will prevent unauthorized persons from accessing your phone. If you do not lock your phone, you may lose your money.

2. Keep your mobile banking apps updated. Banks regularly update their apps to accommodate new additions. For users of these apps, you should always update your applications because it is safe and secured. Also, you have to be careful to avoid counterfeit apps.

 3. Avoid unsecured Wi-Fi. In as much as you get a free Wi-Fi, you should not use when doing your mobile transactions especially if it is a public one. Alternatively, it is better to use your mobile data. Using an unsecured Wi-Fi may allow hackers to intercept your money or steal your account information.  
4. Be careful when downloading apps. There are many fake apps on Google Play and Apple stores. When downloading you have to check several times to be certain that it is the original apps you are downloading.
5. Encrypt your phone. Encrypting your phone will store your phone’s data in an unreadable seemingly scrambled form. On an encrypted device, your personal data including emails, texts, contacts, Google accounts data, apps, photos, media, and downloads. This will make it difficult for anyone to steal your data.
Source: connectnigeria.com
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