Bank Via Smartphone? Simple Tips Can Protect Your Data

Posted on: 9:44 am, August 9, 2013, by

Are you part of the growing mobile banking trend?

Are you part of the growing mobile banking trend?

More and more Americans are embracing digital banking – online and mobile. New numbers from The Pew Research Center’s Internet & American Life Project show 51 percent of adult Americans now bank online – up from 46 percent in 2010. When it comes to mobile banking, 35 percent of cell phone owners admit they bank online – up from 18 percent in 2011.

The convenience of new mobile banking options can be great but there are also risks. To protect your personal information, CreditCards.com recommends the following tips:

  • Password protect both your app and smartphone
  • Logout when not using a mobile banking app
  • Read up on how to remotely wipe a device of personal information in case of theft or loss
  • When banking on the go, switch from using a public WiFi to your own 3G or 4G network.