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 …