Trends:Which Practice is Convenient for banking,Mobile? or Computer?
Mobile banking has been on the rise for the past few years for many reasons. This practice is convenient, of course, but it is also more secure than traditional banking online. Yes, you are reading that correctly. Accessing your bank's mobile site or using the bank's mobile app is safer than accessing the bank's website on a computer.
Why?
It should be no surprise that computers are big targets for scammers.
Most PCs run on an operating system from Microsoft, and these systems provide enough source code for developers to build software around, including viruses. This means that they are quite vulnerable to viruses which have been created by hackers to scam their victims. The Android OS functions the same way. However, there are millions of viruses targeting Microsoft and 10’s of thousands targeting Androids. Apple iOS provides much less code and is more secure.
Over the past ten years, criminals have learned how to easily exploit online banking sites simply by using a PC. During this time, and even before, these computers have been hacked in almost any way imaginable, which makes it vulnerable to fraudulent acts.
Mobile banking, however, is a relatively new feature of cell phones, and because different phones have different operating systems, viruses and malware are not as prevalent, and the technology available varies widely from one manufacturer to another.
Computers are still low-hanging fruit to hackers, and mobiles are not as attractive due to the vulnerability of computers. Regardless, Androids need antivirus just like PCs do.
Also, the networks that mobile carriers have are harder for hackers to get into than it is to get into the wireless network at your home or a coffee shop.
Mobile carrier services that have 3G, 4G or LTE service have high levels of encryption and are not open to a general Internet connection. This means that you simply cannot jump onto someone else's 3G or 4G connection without a password.
When it comes to mobile banking, there is also the benefit of having additional layers of authenticity, which allows the account holder to authorize transactions via text or voice with a new code, which makes mobile banking highly secure.
Protecting Yourself From Mobile Cyber Attacks
It is possible to protect yourself from cyber criminals by keeping in mind the following guidelines when using your smartphone. These tips will help you to remain safe when banking on the go:
Only Use a Secure Network to Access the Internet -It is safest only to browse the web through a secure Wi-Fi network or through your service provider's 3G or 4G network. Never send any sensitive info, such as banking information, over a wireless network that is not secure, such as in a coffee shop or hotel.
Only Download Trustworthy Applications - When downloading apps on your mobile phone, make sure only to download them from marketplaces or other trusted sources. You should also check the feedback and reviews from others.
If possible, connect to your bank's app or site only when on a secure network. You should also only download a bank's mobile application from the bank's real website. Otherwise, Google Play or iTunes should be fine.
Remain Vigilant About Your Online Security - Make sure to keep all of your malware and anti-virus software up to date, and then back up the data. Use different passwords for all of your accounts, and never offer personal or financial information to anyone other than official employees of your bank.
Set Your Phone to Auto-Lock - Most mobile phone have a setting that will allow you to lock the phone after a set period of time.
Do Not Store Data You Need - If you cannot afford to lose something, do not store it on a mobile phone that is not secure.
Consider Using Security Software - Mobile security software allows you to lock your mobile device remotely, and it lets you delete all of your personal information in the event of loss or theft. You can also locate the device by using GPS.
Be Suspicious of Links - It is in your best interest to be suspicious of any link that comes to you on your mobile device, even if the sender appears legitimate.
Do Not Jailbreak Any iPhone - Most people who have a jailbroken iPhone or “rooted” Android could easily have an infected iPhone. Jailbreaking is when the limitations are removed, which allows users to gain full use of the operating system. When a phone is jailbroken, users can download extensions, applications, and themes that are not available at the App Store. However, this is dangerous as it opens up the phone to dangerous viruses.
Mobile banking is becoming more popular among smartphone users, and you should try it for yourself if you haven't yet. It is extremely convenient, and if you keep the above in mind, it is also very safe.
Source:The Balance
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