6 Tips for Safer Mobile Banking:

It’s a question that’s often raised when a bank adopts a new technology. Is a new convenience worth a potential compromise of security? Many consumers struggle with it when they use text messaging to conduct business; log in to their bank account on a public computer; or even weigh using an automatic teller machine outside their bank branch. Here are a few tips to keep your personal information safe.

Remove data remotely

Consider using technology that allows you to wipe out your phone’s data remotely. Account holders need to check with their carriers for options applicable to their phones.

Passwords…Make sure they’re strong

Consumers often use the same password for multiple applications, including email, Facebook, retail web sites and banking applications. Users should select passwords that are comprised of at least eight random characters including capital letters, lower-case letters, numbers and special characters.

Don’t store sensitive information

Avoid storing sensitive information on your phones. In addition to passwords, some people store their Social Security numbers on their phones. Revealing too much personal information can also put users at risk