As technology makes great strides, everyday living is becoming much easier for the human beings as a race. Automated homes which have lighting, gates, watering the garden and many other tasks automated are available for those who need it. And with a computer or mobile or tablet, coupled with a connection to the internet, most tasks can be accomplished on line.
Mobile Banking is now possible in a big way. All that is required is to download a suitable app into your mobile and you are set to go. But the capability to do banking transactions with such ease brings with it its own set of problems. What can be used is also liable to misuse. And what can be made easy with technology can also be attacked by technology. This is not to say that one must avoid mobile banking. Some precautions must be taken to keep such transactions secure:-
• For starters, see that your mobile is always near you and does not fall into undesirable hands.
• Secure the mobile with a good password locking system. Remember that facial recognition technology has some limitations in its use as a password for unlocking the mobile. A swipe pattern, passcode or PIN is to be preferred. Also set the mobile to lock itself if it remains idle for any length of time, say over two minutes.
• Remember passwords without having to write them down anywhere.
• All ‘Remember Me’ options are to be disabled. This will ensure that the information is not accessible by any third party who gets their hands on your phone or in the event that your phone is lost or misplaced.
• Certain software like McAfee All Access allows you to lock specific apps with a password. This will afford an extra layer of protection.
• Update all mobile applications regularly with newer versions. If you have got an out of date version of an app, you are more vulnerable to virus attacks and attacks by hackers. This applies to virus protection software, security software as well as newer versions of the OS.
• Most apps register the device from which it can be accessed. For example, you may be able to access your bank account only from your mobile phone if you link it. So it is advisable to register your mobile number with your bank so that the bank account can be accessed only from that number. This will prevent unauthorised access even if any hacker can get at your user id and password.
• You can also protect your banking transactions if you access your bank account only over a protected or private Wi-Fi connection. Public or shared connections like those in a coffee shop or library are less secure than the connection in your home or office. A connection is not safe just because you have to use a password to access it.
• Never use a public device or a friend’s phone to complete a mobile banking transaction.
India ranks third as one of the highest countries affected by mobile banking malware. Try and develop safe habits such as the ones highlighted above to avoid becoming a prey to such acts.