In the course of the coronavirus outbreak in the United States, most private and government employees work at home. In this situation, it is common for them to use the Internet for the majority of their morning. In this period, people are also not going to branches for work at the banks.
In this scenario, many people use mobile banking while at home. However, cybercriminals are also profiting from this. The number of bank fraud cases is increasing every day. So, it is imperative to keep an eye on security. Let us know the essential things to keep in mind to ensure secured mobile banking.
Tips for Secure Mobile Banking
• Create a PIN or Password to gain access to the handset menu on your mobile.
• Update or register your mobile number and email ID to receive notifications about transactions in the banking sector.
• Don’t follow any URL within the message that you aren’t sure about.
• If you must share your mobile number with another person, or to take it to repair or maintenance you should clear your browsing history. Clean temporary files that are stored in memory, as they could contain your account numbers and other personal information. Block mobile applications by calling your bank. They can be unblocked when you receive your phone back.
• Don’t save any sensitive information such as your debit/credit card number or CVV number on your mobile phone.
• Install anti-malware or anti-virus software on your smartphone and continue to update it.
• Make sure you keep your mobile’s operating system as well as apps up-to-date with the most recent security updates and security features.
• Make sure your password is secure to safeguard your device from unauthorized access. You should have a password or pin that is very difficult to track.
• Don’t enable auto-fill online or save the user ID or password for mobile banking.
• Also, update the Mobile Operating System, the applications, and browsers to include new security features. Create a password to ensure that nobody else can access the system without knowing. However, the password or PIN must be secure enough that no one can hack into it.
• Don’t have an auto-fill feature for mobile banking online as well as don’t save passwords and user IDs. The bank has advised that, if it is possible, strengthen security by implementing encryption remote wipe, remote wipe, and tracking.
• If you’re not content with any URL contained in the message, don’t follow it. If you must share the mobile with someone else or offer it to them to fix the issue and then erase the history of your browsing.
• In the same way you must remove temporary and cache files from memory, as they may contain account numbers or other crucial details. Block the application for mobile banking by contact with the bank. The bank has stated that it will allow you to unblock the application when you receive the phone back.
• Do not check your bank account on a public network. Wi-Fi in public areas and other networks is often unsafe. Make use of cellular network connectivity as well as a VPN (Virtual Private Network) to safeguard your online activities when you are in public.
• Always ensure that you lock and monitor the mobile device you use. If you do not lock your device on a bench in a park or a public place, someone with malicious intent could profit from the circumstance. Make use of lock functions on mobile devices, do not save login data in your apps, and make an effort to keep the track of all the mobile phones you own.
• Beware of links that are bank-related. As an end-user, you are able to judge the authenticity of a link that appears in an email or text message. Unfortunately, some criminals employ methods of spoofing or phishing to gain access to sensitive information through apparent innocent interfaces. Always leave a message and use official channels to get access to your account.
• Check out the information on the site to verify the legitimacy of the app. Avoid using your mobile device for accessing your account at the bank. Some people link their accounts with budgeting applications or other financial management applications. Keep in mind that any account that you connect with your account at a bank is the risk of. Make sure your data is secure by using official and secure applications.
• Check the security of any applications from third parties. Criminals could gain access to your device via apps that are not part of the official banking app. For instance, someone might steal a malware program that is designed to record keystrokes using an application from a third party. By using this kind of technology, an attacker might be able to obtain information on your login credentials as well as online activities.