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5 Mobile Banking Safety Tips

IamCheated.com Research Team | August 16, 2018  4:45:pm

Transferring money from one bank account to another has become very easy through the mobile banking service. Just at the click of a button, you can transfer money with no hassles. There is no need to visit a bank each time you want to deposit money into someone's bank account and the mobile banking service is available 24*7. Mobile banking may be easy, but there are risks involved.  Fraudsters have come up with unique techniques to steal money from your bank account. So, you have to be really careful while using mobile banking. In this blog, we will discuss some tips for safe mobile banking.

Mobile Banking Safety Tips

1. Set a screen lock

Almost all smartphones have the screen lock feature, where you have to set a screen lock pattern or a 4 digit pin. Setting a screen lock can help protect your personal and sensitive banking information in case your mobile is stolen. So, don't forget to set a screen lock to protect your confidential data from fraudsters. If there is no screen lock on your mobile, fraudsters can easily gain access to all your personal data.

2. Install antivirus apps

You might be aware of the antivirus software installed in desktops and laptops to protect them from viruses and malware. In much the same way, there are many mobile antivirus apps which help protect your smartphone from viruses which hack into your system. You can download and install a good antivirus app on your Smartphone to protect sensitive data from hackers.

 3. Make sure your password is strong

A password is the primary factor to protect your data from hackers. Having a unique and strong password for the mobile banking app and internet banking can help protect banking information on your phone. Do not keep your birthday, phone numbers and your family members names as passwords. Your password should be a mixture of small letters, capital letters, and numbers. If the password is unique and strong, fraudsters will find it difficult to hack your bank account. Develop the habit of changing your passwords regularly.

See also | All You Must Know About Online Banking

4. Do not connect to a public Wi-Fi network

You might be in the habit of connecting to a public Wi-Fi, wherever it’s available. But, if you use the public Wi-Fi to conduct mobile banking transactions, hackers can easily track all your data. An unsecured connection helps hackers introduce malware into your device. So, it is advisable to stay away from mobile banking, while your mobile is connected to public Wi-Fi.

5. Never save login details on the phone browser

You might have received a pop-up message on your phone browser seeking permission to save login details when you log in to mobile banking or internet banking sites. In case you save login details on your mobile browser, it will be easy for hackers to hack your bank account. So, it’s a good idea not to save login details on the mobile browser.

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