Using Banking Apps
Downloading the banking app that links you directly to the bank in which you use is a fast and easy way to have access to your financial accounts. However, just because you got the initial banking app from your bank doesn’t mean you’re done worrying about online security. According to Laurie L. Dove, a contributor to HowStuffWorks.com, you should always be checking the updates for your banking apps to ensure you have to most up-to-date software downloaded on your phone. With outdated software, you could open yourself up to hackers who have exploited previous weaknesses that banks have fixed in newer versions of the software. For this reason, it’s important to always update your app when an update is available.
Getting a Secure Connection
Securely connecting to the Internet through your banking app is of the utmost importance to making sure your financial information is only being seen by your eyes. So what’s the best way to get a secure connection when banking with your phone?
Matt Smith, a contributor to MakeUseOf.com, suggests switching from your Wi-Fi connection to using your 3G or 4G mobile data when handling your finances on your phone. Because phone companies use many authentication and encryption methods for their mobile data use, these connections are theoretically more secure than using your Wi-Fi connection. You can also use a VPN which creates an encrypted tunnel for your data and ensures no one can access your personal details. These AlwaysVPN best vpns are all great options so take a look and see which provider you would prefer to use. Keep this in mind the next time you’re logging onto your accounts with your phone.
Keep Your Personal Information Hidden
Many people use their smartphones for every important area of their lives. They have their account information, email access, contacts, calendars and other vital personal information. And if your phone gets lost or somehow ends up in the wrong hands, all that information is right at the fingertips of someone who could use it for nefarious purposes. Knowing this, Bank Of America suggests not housing any of your personal information in easy-to-find places on your phone. This information should include passwords, Social Security numbers, and banking information.
If conducted correctly, using your smartphone to manage your finances can be done safely and securely. Use the tips mentioned above to help you do just that.