5 safety measures to adopt while using a phone banking app

 


 

Mobile banking apps have made life easier for people by giving them the choice to operate their bank accounts and transactions from the comfort of their homes. When you have a phone banking app installed on your smartphone, you can do a ‘mobile banking account opening’ procedure to open a bank account and send or pay money from it using your fingertips. But just as banking apps have made banking easier, they have also made it easy for hackers to attack bank clients’ banking data and steal their money. It is in the best interest of people to be a step ahead of the hackers by following a few safety measures. In this article, we will talk about those safety measures.



  1. Use biometric authentication method to access the phone banking app

Banks use biometric authentication methods to grant their clients access to their accounts on the mobile banking app. The biometric authentication method generally used to fortify banking data on a mobile banking app is a fingerprint or face-ID recognition. This method keeps ill-intentioned people from accessing a client’s bank account. Use this authentication method to access the mobile banking app and its features.

 

  1. Do not use public Wi-Fi

When you use public Wi-Fi to use the internet, the administrator of that Wi-Fi network can track your every internet move. These Wi-Fi networks can be hacked easily thus making your internet moves vulnerable to hacker attacks. So, do not use public Wi-Fi to send or receive money in your bank account. If you have no choice but to use public Wi-Fi to transact money then use VPN software to encrypt your internet moves. This is the best bet you have while you have to use public Wi-Fi network unwillingly.

 

  1. Change your MPIN from time to time

MPIN is the passcode you need to authorize payment to another bank account through a phone banking app. This passcode is the last layer of authentication before the money flows through a transaction channel. Change the MPIN of your phone banking account from time to time. This precautionary measure will reduce the probability of you being robbed of your banking details or money while transferring it.



 

  1. Do not share e-banking login details with anyone

Banks never ask their clients to share e-banking login details with their representatives. These details are confidential. Only you and the bank’s database know these details. If you get a call from a person who identifies himself as your bank’s representative, it is best advised to not share any details with them over the phone.

 

  1. Use an antivirus app on your smartphone

Protect your smartphone and the data in it from computer viruses by installing a robust antivirus app. Such an app will neutralize any malware that is part of your smartphone or wants to enter your smartphone and inform you about it. Thus, it will protect your data from malware attacks and douse any data breach as soon as it is discovered.

 

So, these are the safety measures to adopt while using a phone banking app. Please visit your bank’s official website to know the features of their e-banking app in detail. Have a nice day!

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