Mobile banking has evolved at grand levels in recent years and has made our transactions really handy. Although the benefits of mobile banking are many to mention, it also brings quite some risks involved with it too. The digital thefts and security attacks have made a prominence with increased digital transactions. Therefore it is important to equip ourselves with important knowledge on how to keep our mobile banking accounts safe and secure.
Keep Your device safe with a password
It is the simplest, most convenient, and a direct way to protect yourself and your confidential information and passwords. Always ensure that your phone is password protected. This is an important step and might keep your digital money safe even when your phone is unaccessible or lost. Using biometric recognition over password protection is even more safe and almost impossible to break or replicate. Also, make sure you are not using your netbanking systems when your phone is not with you or lost.
Keep a strong password
Protect your phone by creating a strong password. It is always recommended to create strong passwords when it comes to the security of your phone. Hack is, do not keep a predictable password. Create your password using uppercase, lowercase, numbers,and special characters as recommended by many softwares too.
All the apps or digital accounts should be protected with a two step verification process whenever applicable. Never use the same password for two accounts, it increases your chances of risk.
Stop yourself from using public wi-fi
Always complying to use public wi-fi can fetch you unknown threats that you are unaware about. While it is quite very tempting to work on a free wifi, working on a public wifi is not always recommended. You should never use your online banking or net banking details on a public network to avoid any chances of risks.
Keep a track on security alerts
Be active and play active when your phone just displays any security alerts. Mobile banking helps you enable all the alerts and notifications to keep you updated on all the new offers and as well as your transactions. Make efficient use of this. Any vulnerable alert related to your bank transactions should be kept in loop with your notice. Any ordinary and unauthorized login or security alerts might possess really scrutinized threats to your balance.
Use an official banking app
Since everything is now available to your convenience, hackers have also found new ways to get into your phones sneakily. You should be aware of the available official apps of your banking partner and be very cautious against any dummy app available on the playstore. The most recommended step to prevent any discreet activity here, it is always advisable to download an app from the official website instead of going direct.
The ease and convenience has made it extremely handy for us to get on this digital revolution; but has some serious threats along with it too. A little awareness and smart approach can help you go a long way and pass on to all the available threats.