Top 7 Mobile Banking Security Tips

In a busy and technological word, Mobile Banking offers an amazing banking experience to customers on their mobile devices. With the expansion in mobile banking usage, cyber criminals are also evolving new tactics to steal user’s information and money. In this way, we as a customer of mobile banking should consider some security precautions while dealing with mobile banking.

mobile app and security for online banking review

In this article, I would like to draw attention to useful top seven mobile banking security tips. So now let’s start with first security tip.

 

1. Be careful what you download

Always be careful while downloading banking apps on your mobile device. Many fake apps are available that might look like legitimate but aims to steal your login details and money. Download only verified apps, whether you have an android, iPhone or any device. It is sensible to visit your bank site to get the information about mobile banking app.

 

2. Read the fine print if any

While downloading the app, read carefully its privacy policy. Moreover, recheck whether privacy policy will expose private information or not. If you ignore such privacy policy, you might fall in victim of cyber criminals. By accessing private information on Smartphone, hackers can control your device, and can swipe your information or inject a malware or virus into your mobile device.

 

3. Look for HTTPS

When you enter any private information on the website, always check for URL that should initiate with HTTPS instead of HTTP. An extra “S” will help you to encrypting your online data during data transfer. HTTPS means the URL is equipped with SSL protocol that transfers your data such as banking information over the web in secure way through encryption.

 

4. Be careful when you click

At the time of clicking on any link whether it is in email, SMS, or social networking site, you should be very careful. Because it may happen that spammers can send fake links pretending to be a legitimate link coming from bank authority. Therefore, when you respond such links, it may happen that they may be redirected to a fake website page asking for personal details. In past years, many phishing activities related to social media sites and banking sites were came into focus where millions of login details were stolen from users.

 

5. Pay attention to pop-ups

While accessing any website, users find different pop-up, which may be of contact us form, software requirement, product advertisement, cookies, warning etc. So in spite of ignoring pop-ups especially while accessing mobile banking, you should pay attention to such pop ups to avoid potential threats.

 

6. Avoid using public networks

Be careful while accessing public network especially, when you are dealing with any banking site. Public networks are convenient but can cause security risks. Open public Wi-Fi is not secure for sharing sensitive data over the network. A person who is using public Wi-Fi never knows whether the network is legitimate or operating by cyber criminal. The aim of cyber criminal is to steal your confidential information and money.

 

7. Download Updates Regularly

When you download app on your Smartphone, it requires regular update to fix minor bugs or improve performance of app. If the app is not updated since last several months, it might be risky for you. When you update app, you will get protection against latest bugs and vulnerability and thus, can stop potential risk.

Besides the above top seven recommendations, few important precautions will also help you while accessing any banking website:

  • Secure your bank account, mobile and SIM Card within strong password.
  • Never reveal your password or account number on an unknown site.
  • Keep Auto lock option in Mobile.
  • Always log off completely after using a mobile banking site or application.

Conclusion:

Mobile banking concept is a popular way to carry out your financial transactions. It is true that with mobile banking technology, customers hardly visit a bank. Mobile banking offers a piece of mind to customers in completing banking tasks. From the above information, we can assume that security precautions are necessary while accessing mobile banking. Otherwise, users may fall in victim of cyber crime, so it is fine to take precautions before it is too late.

Derek Hitch is a web analyst and Internet Marketing Expert at ClickSSL.net, a SSL Provider firm. He is also interested in writing as well as sharing, web security and tech related stuffs to aware people. You can follow him on Google Plus.

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Derek Hitch is a web analyst and Internet Marketing Expert at ClickSSL.net, a SSL Provider firm. He is also interested in writing as well as sharing, web security and tech related stuffs to aware people.

12 Responses to “Top 7 Mobile Banking Security Tips”

  1. Antoinette

    Mar 22. 2014

    Watch what you click… Sometimes the one that looks legit behind it scam.

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    • Derek

      Mar 24. 2014

      Yes, we should be very careful while clicking on the links comes from SMS and email. Especially we should avoid Login through this kind of links in our account and log into our account by entering the address of the URL in the browser’s address bar.

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  2. pabitra

    Mar 22. 2014

    This is really a great post to stay safe online during mobile banking. Also we need to use a strong antivirus on our smart phones for better security.

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    • Derek

      Mar 24. 2014

      Thanks for your appreciation. And within antivirus for smartphones we should also never ignore other six tips for strong mobile banking security.

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  3. Stephan

    Mar 24. 2014

    Very nice article
    Be careful when you click, yes indeed, today for some reason users use their phone without carefully and they accidentally lose their information to hackers so that gonna be big problems they don’t want to get.
    thanks to your detail tips.

    stephan

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    • Derek

      Mar 25. 2014

      It is my pleasure Stephan that my content is helping people to know what to keep in mind while using mobile banking.

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  4. TechCrates

    Mar 25. 2014

    with the daily mails it is essential to evaluate the sender and intention carefully. Great and helpful article! Thanks Derek

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    • Derek

      Mar 25. 2014

      I am also thankful for this platform through which I shared my best knowledge among people.

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  5. TechCrates

    Mar 26. 2014

    We love honest and valuable bloggers worldwide. You’re very welcome here Derek!

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    • Derek

      Mar 26. 2014

      Thank you very much for appreciations. And I want to tell readers that if you also have other tips for mobile banking security tips then you can share them here.

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  6. Rahul

    Mar 31. 2014

    Good safety tips for mobile banking. I agree these days we have to be very careful about our safety while using mobile banking.

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    • Derek

      Apr 01. 2014

      Yes, you are absolutely right Rahul and glad these tips helped you.

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