Giving power to your mobile banking device

Giving power to your mobile banking device

Posted by Unknown on Friday, 7 March 2014 0

Technological advancements have developed the banking services also.Money managing and monitoring is much easier through mobile banking now.Since this facility is available with both public and private,it has reached a situation that you can transfer funds,pay bills,check balance and all from anywhere.This has become a daily routine of most of the individuals with average knowledge.While availing all these facilities,we have to be little cautious.Like every other internt services mobile banking is also having some security problems.If you are using it carelessly you may loose your money.So let’s go through some security measures while availing this facility

APPLICATION:

Downloading the mobile application directly from the link provided from the bank website is a safe way.As we all know there are many fake malicious applications around.especially android.to trap you.stay away from them.It is suggested not to use third party applications for banking related things where you will share personal details and banking details.You may be in trouble.There is a chance for leakage of your data.So be prepared to realise the fake apps.

Security updates should be considered seriously.If they tell you to update,then you have to update.Don’t be lazy.This will prevent your device from malwares and viruse attacks.

PASSWORD:

You have to give a strong password to your device.In case you lost your phone,the one who get it

cannot access the phone.That is what we want.And while using your password on websites and apps,please don’t use auto save option.Anyone can enter without password from your device.And please make use of remote wipe option to logout remotly if you lost the device somewhere.

VIRUS:

Android devices are the major playground for the hackers as well as the viruses.Number of virus attacks are increasing day by day.The viruses are in love with the android platform,I guess.You should make sure that your devices are virus protected by using powerful security services.

 

DEVICE:

It is better not to save your personal or banking details directly on your mobile device.Mobile devices are easy to use and carry.But It is also easy to loose also.Storing data on your device may create security issues while reselling your device.It is suggested to store data in staorage card if necessary.It reduces risk to some extend.Don’t allow others to browse websites from your device.

NETWORK:

Coming to network.It is a major issue which majority of us are not aware of.Please don’t acces your mobile banking application or details from a public network.It is not safe.Most of the mobile networks are secure.But if you are having low range,there is a chance of missing of data while data transferring.So make sure that you are using your mobile banking application from a place where you are receiving good signal.