Effective Mobile Banking Security Tips

There are many banking security best practices on the internet; and most people know what mobile banking is. It has been the fastest-growing channel in banking history as the banking industry has undergone transformation decades now, from banking to internet/mobile banking.

Many of us are already doing online banking because it can easily check account balance, transfer money, pay bills and they can bank whenever and wherever they are. 

Mobile banking somehow is secure because of many variations of banking apps and methods in the market. However, there are certain rules you should follow to make sure your banking information remains safe.

So here are some tips that might help you protect your account:

Use Only the Official Bank App

It is important that you search for the bank app that you are downloading. It has to be the “OFFICIAL MOBILE BANKING APP” to prevent installing malware on your phone.

Anyone with good programming skills like Computer Engineers can create a malware that contains a “keylogger”. It can access all of your important personal information and banking details saved from your device.

Always Updated Mobile Software

Are you familiar with a sudden pop-up notification on your mobile phone? This notification says something about software updates. “DO NOT IGNORE IT”. It seems not so important but it is.

Software updates often include fixing critical damages to security malware. If the operating systems are outdated, they are vulnerable to hacking attacks.

Wi-Fi/Internet Connection

Most public Wi-Fi or hotspot is not secured at all. If you try to log on to your mobile bank app using public Wi-Fi, your phone becomes visible to the hacker.

The hackers can get your name, password, or even your user ID.  Unless your phone is protected with a VPN application.


A fraudulent attempt made through email stealing personal information. Except for a verification message from the bank, never click a spam message asking you to update your information.

Phishing came from a well-known organization typically asking for your personal information.

Always remember that legitimate organizations would never request this information from you via email.

Mobile Phone Security & Password

All smartphones and android phones mostly have a locking mechanism. Android phones have numerous biometrics to choose from.

Whether it is a pattern, PIN, or fingerprint it will be a strong way to secure your phone. And always keep changing passwords.

Social Engineers

Another term for hackers using human psychology to exploit weaknesses they found in every organization or individual.

Through phone calls and other media, attackers trick people into handing over access to the organization’s sensitive information.

Social engineers target their victims through phishing, pretexting, baiting, quid pro quo, and tailgating.

Install Antivirus Software

Antivirus is not just a protection; it has a lot of benefits for mobile and computers. Other than protection from phishing attacks, it also protects mobile and PC against identity theft and online threats.

In addition, it helps scan removable devices and block spam site ads.

NFC Embedded SIM card

It’s a SIM that provides mobile users with a safe environment while downloading their sensitive information like credit or debit cards and store it in Near Field Communication (NFC) SIM card.

Multi-Factor Authentication Procedure

As the technology is gone to the next higher level, the hackers become adequately smart. So you better be smarter than them to break them.

Multi-factor authentication helps you prevent attackers and it is also one of the important to whatever banking activity you have.

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