Facts about Mobile Banking Security

Internet banking is pretty common today where most of us doesn’t want to physically appear in a bank to do any banking transaction. A lot of us prefer to do it at work or home where you don’t have to spend your valuable time travelling.

As a demand to that with mobile phones had been widely use, the internet banking had been brought over to the mobile. Although not all area banking through your mobile, but many of us had been doing internet banking via mobile phone. [Read: 7 Tips for a Better Online Banking Security]

But have anyone of us concern about the security of mobile banking? Is the concept to stay secure in desktop internet banking similar to mobile? The answer is, not entirely.

mobile banking security

The basic concept to be secure is there but there are some precautions that you need to take into consideration as well. Such as:

  1. Does you mobile has an antivirus?
  2. Does your mobile antivirus only offer you file scanning or real time protection?
  3. Does your mobile has anti-phishing feature?
  4. Do you Root or Jailbreak your phone? [Read: How to Jailbreak Your iPhone Without Connecting to Your Computer]
  5. Finally, is your phone secure?

I might not had provide you the best tips in IT Security Column, but this morning I had stumbled upon a post on Mobile Banking Security from SecurityNewsDaily which is worth checking out if you are a regular mobile banking user.

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Related posts:

  1. Why Installing Security Apps on Your Mobile Phone Isn’t Enough
  2. 7 Tips for a Better Online Banking Security
  3. 7 Cool Facts About Avast Mobile Security
About Alan Tay

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  1. Carol Barry says:

    I have an Android smartphone, a rooted one and I know that there are security risks that come with rooting so I never do mobile banking with my smartphone.
    Carol Barry recently posted..A Comprehensive Look at Wheatgrass Juicers or Why Don’t I Use a Manual Wheatgrass Juicer ?My Profile

    • Alan Tay says:

      Neither am I. Up to now, I still do internet banking behind my antivirus and firewall.

      • Carol Barry says:

        … where its nice and cozy. Even when I’m on my computer, protected by my security suite, I double check the page, the https link and when I insert my personal data, I always use the on-screen keyboard, since it’s the only thing a keylogger cannot log. I know, I’m paranoid! πŸ™‚

  2. Lakshmi Balu from mbanking says:

    mBanking is evolving over time and the days or being paranoid about your account details or transactions being hacked or compromised to a third party will soon be a history. Mobile apps for banking purposes are tested in real time situations in order to ensure no compromise for the unauthorized users. In my company, our mobile apps team hire an outsider to hack into the app to find out and analyze the loop holes in the app ecosystem and fix the weak points to make a robust mobile banking app. Perhaps i would use this app for my banking transactions!

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