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Rajiv Singha

Top 7 Mobile Banking Security Tips

April 6, 2015
59
Estimated reading time: 3 minutes

Mobile banking has revolutionized the way we manage our bank accounts. Internet banking did make our lives easier by letting us bank from the comfort of our desktops and laptops. But, mobile banking has tremendously increased this level of convenience. What took several hours to deposit an amount of money by standing in a queue, filling forms, etc., now takes a few taps on a mobile or tablet device. All thanks to the advent of mobile banking apps. But as convenient and easy this technology is, it has its own share of disadvantages; the biggest being online banking threats. And to tackle these threats, we have for you a quick list of 7 mobile banking security tips.

Top 7 Mobile Banking security tips

Top Mobile Banking Security Tips

1. Always use official apps
The integrity or safety of a mobile app largely depends on its publisher. You might come across dozens of banking apps for your smartphone. But trust only the one that has been officially released by your bank. And the safest way to do this is by visiting your bank’s official website, and following their instructions on how to download the app.

2. Avoid using banking apps on public Wi-Fi
Unsecured public Wi-Fi networks are always a no-no for visiting sites where you must sign in with your credentials. The same goes for mobile banking apps. The information you pass over such free networks can be easily stolen or intercepted by a hacker. It is always advisable to use your cellular Internet data whenever you wish to use your app for any kind of banking activity.

3. Avoid links and attachments
Mobile banking might also mean visiting the mobile site of your bank. While doing so, never click links received in an SMS or email that claims to take you to your bank’s site. Access the site directly from your mobile browser. Also, never share any information about your bank over an email, SMS, or call.

4. Always Log Out
Remember to sign out or log out of your mobile banking or shopping app once you are done using it. Most banking apps automatically log you out after a fixed period of inactivity.

5. Never store banking information on your phone
It might be convenient for you to store your bank login ID and passwords on your mobile device, but it can spell disaster under certain circumstances. In the event of a phone loss or theft, all such data can get into the wrong hands and may inflict a damage on you which could be beyond repair.

6. Secure your Phone with a Password
If your phone gets lost or stolen, it might become your biggest liability if it is accessed by an unscrupulous person. All your information including the apps running on your phone (especially shopping apps), could be easily exploited by anyone who has no intention of returning the device to you. Hence, to avoid such dreadful situations, always keep your phone in the auto-lock mode. You may choose from options such as Pin, Password, Pattern or Face Recognition mode. Using a pin or a password is more recommended.

7. Use a reliable mobile security app
To conclude with an equally important mobile banking security tip, use a reliable mobile security app. Although the security app won’t add to the safety of your banking app, it will ensure that you do not land on fake or malicious websites designed to steal personal and banking information. Furthermore, the app will also block fake and malicious applications from getting installed on your device.

 

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Rajiv Singha
About Rajiv Singha
Rajiv is an IT security news junkie and a computer security blogger at Quick Heal. He is passionate about promoting cybersecurity awareness, content and digital...
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59 Comments

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  1. GULAMNABIApril 8, 2015 at 2:15 PM

    valuable guidance. Thanks

    Reply
  2. Thanks

    Reply
  3. ShrikanthApril 8, 2015 at 4:09 PM

    Interested in the blog.

    Reply
  4. thanks for the info.

    i am of the age which thinks even internet banking is very hi-tech activity, and I can do it. 🙂

    so far i have avoided mobile banking.

    could you give safety tips for internet banking as well. thanks

    Reply
  5. SHUBHAM RATHODApril 8, 2015 at 5:20 PM

    IMPORTANT GUIDANCE WHICH I CANT KNOW THANKU

    Reply
  6. Thanks of good tips

    Reply
  7. thanks for very valuable advices

    Reply
  8. Very useful information.

    Reply
  9. thank for this i use all except no-6

    Reply
  10. Dee KumarApril 9, 2015 at 8:41 AM

    Thanks. All Of You.

    Reply
  11. your guidance are very helpful and we should apply that

    Reply
  12. Thanks

    Reply
  13. TARUN KUMARApril 9, 2015 at 9:41 AM

    i love quicheal.com

    Reply
  14. DILEEP TIWARIApril 9, 2015 at 12:00 PM

    MOBILE INTERNAL MEMORY NOT SHOW IN MOBILE OR COMPUTER AFTER QUICK HEAL SCAN

    Reply
  15. Thanks no comments

    Reply
  16. Very useful Tips

    Reply
  17. I love quicheal for most of thing..but one of most favourite thing is continious updates regarding various ongoing internet threats & tips to get rid from it..
    Thanks quic heal and rajib for sharing usefull tips with us…

    Reply
  18. HELLO;
    RAJENDRA
    SIR,
    IT IS THE BEST INFORMETION FOR PUBLICE GUIDE.TOPMOST CAREFULLY MOBILE/NET BANKING SECTOR.
    MY HOPE IN PUBLICE SITE THEY KNOR OR CHECK ACCOUNT AFTER TRANSETION.
    NEVER GIVE YOUR PIN,PASSWORD,ATM NO.
    D.N.DIP
    POLICE PUBLICE PRESS

    Reply
  19. Ashok K DalviApril 10, 2015 at 10:38 AM

    Thanks, Very useful information

    Reply
  20. awareness creating tips

    Reply
  21. manoj bhadaneApril 10, 2015 at 1:49 PM

    Thanks

    Reply
  22. Very useful tips indeed. Thanks

    Reply
  23. very HELPFULL tips THANKS

    Reply
  24. mohammef jahangeerApril 10, 2015 at 11:22 PM

    Thanks for ur suggestion.

    Reply
  25. mohammef jahangeerApril 10, 2015 at 11:25 PM

    Thanx this is amazing tips

    Reply
  26. Thanks for The great 7 tips

    Reply
  27. Very much instructive and informative which everybody must know and use in day-to-day life. Thanks a lot for increasing our horizon of knowledge.

    Reply
  28. Fateh ThakurApril 11, 2015 at 3:23 PM

    Thanks for such important information

    Reply
  29. Jaideep chandraApril 12, 2015 at 12:58 AM

    while browsing ever time a fake note appears that virus found say to download it but i refuses and erases history and private setting
    is there any Internet security to block this malware websites.
    Really I am sick with this…

    Reply
  30. Very useful information, and one should not avoid any of the suggested steps, thanks a lot dear

    Reply
  31. thankx with regards very useful trips good enggs.

    Reply
  32. thanks very useful tips good morning to everybody

    Reply
  33. Nice,advice…I recommend this advice to all mobile banking apps user….

    Reply
  34. If we are in public wifi and start private browsing even then there is chance of hacking?

    Reply
  35. Ashutosh KumarApril 12, 2015 at 4:21 PM

    Is there any Quick Heal anti-virus for Windows Phone?

    Reply
  36. Chandrakant ChaudhariApril 12, 2015 at 6:10 PM

    Very usseful I alwas remember it

    Thanks very much

    Reply
  37. Very valuable information, I really appreciate the guidance.

    Reply
  38. KAMAL KUMAR KANTHAApril 13, 2015 at 4:28 PM

    Quick heal is good. It should be
    Better abd the best.So two more steps to
    Go for bettermed both the way.
    Thank you very much.
    Kamal kr kantha

    Reply
  39. keep reminding these valuable informatoin… thanks.

    Reply
  40. good advise of course, thanku

    Reply
  41. mathuraMedApril 14, 2015 at 5:44 PM

    after purchase of quickheal mobile security app should be provided

    Reply
  42. Ajay SharmaApril 14, 2015 at 10:36 PM

    Thanks very so much this information take me

    Reply
  43. PATELBHUPENDRAApril 14, 2015 at 10:55 PM

    veey good

    Reply
  44. valuable points

    Reply
  45. CA AMIT PALApril 15, 2015 at 9:18 AM

    Thanks for valuable information

    Reply
  46. Suraj PrakashApril 16, 2015 at 11:59 PM

    Thanks for valuable advice

    Reply
  47. kamal chauhanApril 18, 2015 at 6:41 AM

    Very valuable tips thanx

    Reply
  48. Alpesh KumarApril 27, 2015 at 12:06 PM

    NICE SUGGESTIONS

    Reply
  49. Apurba Kumar BrahmaDecember 31, 2015 at 11:19 AM

    Good suggestions on Wi-Fi.

    Reply
  50. RAMESH MISHRAJanuary 1, 2016 at 4:10 PM

    Dear Sir,I tried to download quick heal mobile security app on my phone several times.As was mentioned to owner’profile before installing.I could not understand about owner’profile.I searched in my phone and did not find it. I have micromax E455 model smartphone and os loaded with android lollipop.
    Can you please help me out.Regards.

    Reply