How to keep digital intruders away from your bank accounts

The “smartphone” is not just a communication device, but is used for many more things. And in recent years, with the growing popularity of “mobile banking”, the “smartphone” is the basic device —for many of us— in terms of access to bank accounts and transaction processing.

Given this, it is clear that the security of our bank accounts is crucial. Especially since for malicious people, access to our bank accounts is one of the main goals.

How can we protect our bank accounts? There are a number of steps that will ensure the security of a transaction, which are:

• Activate biometric identification to access your “smartphone” and your bank account. All banks now offer this feature, all you need to do is make the relevant settings in the banking “app” used. Also, prefer to connect from your own “smartphone”.
• Pay attention to the network through which you connect. Public “WiFi” is not always the best option for checking your bank accounts and generally requires attention to the network you will be using. One solution is “Secure Wi-Fi”, which is a security service that protects users when using public “Wi-Fi”. It encrypts internet traffic through a secure “VPN” to keep their information safe while browsing.
• Keep your “smartphone” up to date with operating system and application updates.
• Beware of “phishing emails” and messages that come to you claiming to be from your bank and asking you to change passwords, because your account has been locked. If you just check the account from which the “email” came, you will see that it is not from your bank.
• Create a strong password to log in to the “mobile banking app” you use. This password should not be used for other services and applications.
• Use “multi-factor authentication”. Banks, in order to approve a transaction, require multiple certification. Which means you’ll need to either use biometric authentication a second time, or type in a number that will come to you (OTP), or otherwise the extra authentication will be done.
• Log out of your bank account. Once you have completed your transactions, log out of your account.
• Enable updates via “SMS”. This way, if there is a transaction that you have not approved, you will receive immediate notification and you will be able to prevent the worst.
• Put the “mobile banking” applications you use in a secure folder. Samsung devices offer such a feature in a fairly easy way.

The “smartphone” is an extremely useful tool and especially in the field of managing our bank accounts but also the processing of transactions, offers so many possibilities. Therefore, protecting and ensuring that no one will be able to access our bank accounts becomes even more important.

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