How secure is a mobile banking app?

Posted on February 19, 2022 at 11:07 pm

More and more people are opting to use a mobile app to do their day to day banking but worryingly the incidence of online fraud through these apps is also on the rise. Is it a secure way of dealing with our finances then or should we be logging back onto our laptops and computers or even visiting our local branch in person?

It seems as if the current trend in banks is to close lots of their branches especially in smaller towns, so people are being forced into conducting their banking online. For people who are not online or not very tech savvy this can cause problems. Some banks have support people online to help those who are unfamiliar with online banking apps and sometimes a phone call to the bank is all that is needed to talk customers through issues.

Keeping security details secret and not easily guessed is vital to the mobile banking app’s security. It is a good idea to regularly change your password and not to have the same password for multiple accounts. Some banks give customers the facility to suspend remote purchases for an account therefore, if a hacker gets your details they are not able to go on a spending spree at your expense.

Posted in Online Security