The way that we carry out our banking operations has changed dramatically over the years. With the increase in Internet use a decade ago, it helped to remove the need to go to our banks or ATMs to manage transactions or to move money around.
In the past couple of years, the landscape has changed even further, with the advent of smartphones, meaning we can also look after our finances on the go, according to www.pandasecurity.
Thus, if you have a smartphone then it is likely that you will also have downloaded the official app of your bank. Most banks have invested greatly in ensuring the security of these apps, as any potential problems could be devastating for the reputation of the bank.
These apps often have limits set on the amount of money they can transfer to minimise the risks and some demand a code from a token or card reader to authorise any transaction.
However, as with all apps, it pays to be safe and take precautions when using your banking application, just as you would with your credit cards, especially with a ceremony just around the corner – a time when we are usually busy transferring money and checking our statements more than usual.
To help you stay safe, here are a few easy tips to help you bank safely from the comfort of your smartphone.
Only use official apps
This may seem slightly silly, but you need to make sure that you have downloaded the official app from your bank.
Keep the app updated
This piece of advice goes for all applications that you install, but with banking apps it is even more important. With each update, the developer may have included increased security defenses, which if you have not updated to, could leave you exposed.
Select the SMS authorisation option
Search for this option in the app, which means your bank will send you an SMS every time money has been lodged or removed from the account. This will allow you to spot any discrepancies before it is too late.
Log out when not in use
When you have finished using the app, it is very important that you log out of the app. This will help protect you in the event of your phone ending up the hands of the wrong person.
Use a phone tracker
Getting a phone tracking app is an efficient way of remotely deleting information from your device in case you lose it or it is stolen.
Install a trusted antivirus
A good antivirus will protect you from any suspicious activity or malicious apps.
Finally, if you suspect that you have been the target of banking fraud, contact your bank immediately.