But once you download the app, how will you ensure that it is safe? Most banking apps are safe and use great and strong technology of encryption. You can also adopt many more ways to protect your financial app from hacking and make it more secure. Learn the six ways that you can secure your mobile banking and wallet app.
1) Keep the lock screen code in your phone
Not only your digital wallet but for all the data available in the phone, there is the need to set the lock screen code in your phone. By doing this, even if your smartphone is stolen, it will be very difficult for the thief to access data including your mobile banking and wallet app. Now affordable handsets also come with fingerprint sensors, so having a lock screen code will strengthen protection. In the phone that comes without fingerprint sensor, make sure that you use passcode or pattern lock to protect the device and data. If you use passcode, then keep in mind that you do not share it with someone else nor use it anywhere else.
2) Use app locker
There are many such apps available in Google Play from which passcode can be set for another app. This means that you have to type a password to access a lock app. Now the question is what is the need to do this? It is said, suppose you need to give your phone to another person for calling or any other work. Then you will have to unlock your phone, no matter how reliable that person is. But still, do you trust all your friends in terms of money -related transactions and access to mobile wallets?
Being an app locker, you can give your smartphone to anyone. That is, you will not worry about the theft of your necessary information. Because you have also locked apps like banking app to mail. Some popular app locker apps such as CM Locker and App are lock. Both of them have got good reviews on Google Plan.
Also, if you do not want to use the third party app, then go to the setting of your phone and turn on the guest mode. This option can be enabled by giving a phone to someone else.
3) Track your notification
Whenever a transaction is done from your account, the bank sends you an alert via SMS and email. It is important to track these notifications so that if someone else accesses your accounts digitally or in some other way, then you will get thin. Apps like Money View and Walnut can access the bank’s record of transactions done from your account by accessing the SMS alert of the bank.
If you have registered a secondary email ID for your Netbanking account with the intention of ignoring spam. So setup it to forward the notification in your main email. Otherwise, if there is a delay in viewing a notification with an alert alert of misuse.
4) Do not use app with gelbreak/ rooted phones and unknown sources
Do not use a gelbrack iPhone or rooted Android smartphone for mobile banking apps and mobile wallets. When you gelbrack or root a smartphone, the security in the core OS to protect the phone from Google and Apple from malware and hackers ends. This makes it easier to hack financial data from the device.
Similarly, if you are installing an app on Android whose source is not known and you do not even know its credibility. In such a situation, Google Play Store and App Store are safe methods.
5) ignore third party keyboard
Third party keyboards are very good for many things. But you do not know which data has been stored by these keyboards. These keyboards have access to all your input. For this reason, third party keyboard for banking app and mobile app remains a little unsafe. Because your passwords and codes are also visible to these keyboards. Companies like Swiftki say that they do not store any kind of personal data but they are in the circle of questions. Use a default keyboard at the time of using a sensitive app to avoid any kind of danger.
6) Never use mobile wallet and banking app on public Wi-Fi
Public Wi-Fi is usually not encrypted and this increases the risk of hacking. The mobile payment app can also be hacked along with the information being accessed by you on the use of public Wi-Fi. Ignore public Wi-Fi and especially when your device has any necessary personal information or financial app.
