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Tips on keep your mobile banking apps secure

Written by  Jan 31, 2020

If you are buying and selling cryptocurrency and need to fund your investments or withdraw your money, it always pays to be careful as to how you do it.

As banks operating around the world are showing a lot of interest in offering services at fingertips to their customers, security experts suggest that most of these banking apps are insecure and not that capable to mitigate the evolving threats in the cyber landscape.

Here are some tips on how to transact safely from mobile banking apps by keeping the data safe on a simultaneous note.

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Maintain Secure Access- whether it is a banking app or an online banking webpage; always make sure that the logins and the data which are being entered is through secured web access i.e. HTTPS. Also, ensure that you are logging into the services only by using a secure internet like a 3G or 4G internet access than free public Wi-Fi.

Keep a tab on text & email alerts- Setting up email and text alerts are the best way to keep your banking account safe from falling prey to hackers. And nowadays, almost all banks are offering banking alerts to their customers to set up alerts for everything from cash/cheque debits to credit transfers.

Ensure multi-factor authentication- By including multi-factor authentication such as one time passwords (OTP)s or fingerprint or other biometrics, an additional layer of protection can be offered to a banking app which eventually prevents from getting easily hacked.

Keep your device updated with the latest security- Always ensure that your device gets all necessary security updates which help keep sensitive data exchange safe and secure. Also, go only for those banks which adhere to security practices such as security audits and penetration tests which increase mobile banking security levels.

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Avoid all suspicious apps- Always download apps from a safe and secure platform and those which are being offered by the banks. Never, entertain apps which intercept data and seek sensitive info. If in case, the banking app is seeking sensitive info, do make sure that you call your bank to verify the details before you share. Also check for reviews, recommendations and security details before downloading any app on your phone.

Hope, all this knowledge share will help readers keep their banking transactions secure in the best way to avoid falling prey to identity thefts or to the malicious intentions of cyber crooks.

If you are new to the Cryptocurrency world and would like to open an account we recommend Cex.io.

Do you find this article useful? Comment below or follow us on Facebook or Twitter.

Carla Thompson

A very experienced freelance Crypto journalist who now prefers to work from home and has such a broad range of knowledge accrued over the years, we would not cope without her influence and ideas.

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