The security of your finances is everything to you. To ensure that your money stays your money and that your account information is kept safe, consider the following tips:
Passwords, along with security setting options, are your controllable lines of defence for mobile banking safety. It is always a good idea to have a password lock on your phone to make for more complicated access for potential thieves. If your phone becomes stolen, report it to your bank right away. The password lock on your phone can act to slow down a thief’s ability to obtain information.
Adjust your settings so that you can only enter an incorrect password a maximum of 3 times. Don’t be tempted to save a paper or virtual trail of your password or account information – the idea is to be as discreet as possible.
Avoid creating and using passwords that involve the name or birthday of a significant other, child or pet. It is not a good idea to use last digits of your social security number in your password either. Substitute letters for symbols and have random uppercase letters in the middle of your password – it will make the whole process of hacking more complicated.
Avoid using the same password for different sites. It may be more difficult to hack a bank website, but if you use the same simple, or weak, password for a variety of websites, a hacker can go to a not-so-heavily protected website, such as a low-key shopping website, and quickly gather your information through that site. The hacker can then use that information to access your bank account via a Brute Force Attack, which is a software used specifically to log into a site using your information.
For another level of protection, it would be a good idea to change your password every now and then too for added security. The stronger and longer the password – meaning, the more complex the password – the more difficult it is for hackers to obtain your credentials.
Constantly review bank statements to ensure that everything is in proper order. That way, if numbers are out of line, you can contact your bank immediately about the misalignments.
Be cautious of solicitations claiming to come from your bank asking for account information, which is an act known as “phishing” or “fishing”. Instead of providing the information via that link, opt to go to your banking website directly to enter in the requested information and to check the legitimacy of the solicitation.
Do not connect to your bank account via public Wi-Fi. It is not secure as you think and other people can access your information.
Log out of your account – don’t keep it continually signed in and don’t set it to automatically log in. Doing so will make it simpler for people to access your information from malware attacks. Furthermore, consider installing a mobile antivirus device onto your phone for added protection.
If your bank has an app, make sure it is a verified official app. With mobile banking, it is important to recognize the need for safekeeping of your phone – avoid leaving it unattended.
Mobile Banking is definitely convenient. It can also be safe if your take the precautionary steps to ensure your personal information stays private.
Marcela De Vivo is a freelance writer from the Los Angeles area who writes on everything from mobile security and software, to holistic medicine and supplements. As a business owner, protecting her bank information is highly important, and she takes extreme caution when it comes to accessing her finances.