Remember when doing any of your banking meant going to a branch or calling into an automated telephone banking system? Today, you have 24-7-365 access to your bank accounts right on your phone with Mobile Banking.
With great convenience comes great responsibility. Although our mobile banking system uses industry standard security, when, where and how you access your accounts can still put them at risk. Use the following security points to ensure you are the only one accessing your money.
- Don’t access your mobile banking on public Wi-Fi – We know that it’s convenient to quickly check your account balance when you’re at the coffee shop; however, just like you know that the shop has free Wi-Fi, so do criminals. There have been instances of usernames and passwords being stolen from places with public Wi-Fi.
- Make sure your password is strong – By strong, we mean uppercase and lowercase letters, at least 10 characters long and a number included. The more complex, the better. Also, be sure that your mobile banking password is not the same or similar to other passwords you use.
- Be aware of your surroundings when using mobile banking – A quick check in line at the grocery store couldn’t hurt, could it? Unless the guy standing behind you sneaks a peak at your phone. Wait until you’re clearly by yourself if you feel the need to check your account balance in public.
- Upgrade your phone’s security in case you lose it or it is stolen – Does your smartphone require you to enter a passcode before using it? It should. Think about how easy it would be for someone to access your phone if they had it. If it’s easy, find ways to secure your smartphone.
- Keep current with security updates – Yes, the alerts for security and system updates can be annoying; however, they are made for good reason. A security update means a loophole in your current operating system’s security has been found and fixed, whereas full system updates upgrade the security of your entire phone. Sacrifice a little time away from your apps for increased security.
Mobile banking is incredibly convenient, but that doesn’t mean you can be careless with when, where and how you access it. Put the above tips into practice to help keep your accounts safe.
Putnam Bank, Equal Housing Lender, Member FDIC