In the age of digital technology, banking services are now at everyone’s fingertips. This technological advancement has changed how we do banking. No more long queues are required to deposit or withdraw cash or even pay for services. It has enabled us to access our accounts 24/7 and wherever we are. That type of flexibility, convenience and simplicity are all available on our smartphones and tablets. It is quite like having virtual banks with us at all times.
This convenience is not without its risks. Gone are the days of bank robberies where these institutions were the primary target for many criminals. Nowadays, these people target customers by stealing their identities, defrauding them and stealing money from their accounts. While before the bank was responsible for your money’s safe-keeping, it now, for the most part, falls on you to get it keep your money safe. Be cautious of malware, identity thieves, and hackers. It should however not make you panic or opt out of using this service. There are some things you can do to protect yourself.
Install security and tracking software
Using these applications should be kept up-to-date at all times. Developers are always finding new ways to make them safer. Missing an update can be the difference between a hacking and none. Before installing the banking app, make sure it’s the official one. If you’re in doubt, ask your bank. You don’t want to be falling for fake apps. Get it from the apps store- don’t click on suspicious links claiming to be from your bank.
Should your device get stolen, with tracking software, you’re either able to locate it or wipe out the data. It is very likely that the thief will try and use information on your device to steal from you especially if they note you have a banking app. be sure to back up your phone on a regular basis.
Use different passwords and PINS
Your phone/tablet should have a secure password. Most people opt to deactivate their SIM card PIN. That could prove dangerous- even if a person cannot unlock your phone, they can put your sim in a different device and try hack into your mobile banking account. Also, use a different PIN for your ATM pin from that of your digital bank platform.
If you don’t know how to generate a secure password, consider getting a password generator app. As always, do not disclose your password or PIN to anyone. Do not store any sensitive personal data on your device. That could be anything from your details that anyone can use to impersonate you, or even passwords and account numbers. If you’re selling or giving away your new phone, consider restoring it to personal settings before sharing.
Avoid risky Wi-Fi
Don’t underestimate a hacker’s ability to get your information. Avoid making financial transactions over public Wi-Fi. It may be tempting to be praise a good chef like Chef Kanida Chey on your travels to Canada by posting photos using the open Wi-Fi to impress your friends – don’t. Make sure you have a secure connection before communicating or transacting with your bank. The best way is to use cell network instead.
With these steps, you can enjoy this digital technology advancement while remaining safe and secure.