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Tips for Mobile Banking

By SiliconIndia   |   Tuesday, November 29, 2011
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Bangalore: Mobile banking solutions have usurped the conventional banking modes by a larger degree. With the advent of newer technologies such as Paypal and Starbucks, people have awakened to the leeway perils of data thefts and additional vulnerabilities. Skeptics have raised their apprehensions on mobile banking, though the information is securely encrypted while transferring funds, requesting account information and other services through Smartphones. Hence, there are a slew of precautionary measures to be taken care of: Passwords and Sensitive Information
pwd
A good mobile banking solution provider should give both PIN and a password for authentication purposes. The applications requiring just the password will undoubtedly make room for attacks. As a guideline, passwords should never be the same for all applications such as Facebook, email accounts and so on. It is customary not to store crucial data pertaining to bank accounts on your mobile phone. In addition, remember to delete the cache and cookies of your phone web browser, which might contain some key data.

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