Top Mobile Banking Habits for a Safer System

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Online banking is convenient – and it’s even more convenient when you can access it from your smartphone or tablet – which is why mobile banking is rapidly becoming the preferred way to manage finances. A recent Pew Research study revealed that:

  • 51% of all American adults bank online, and
  • 32% of ALL American adults bank using their mobile devices!

With 1 in 2 Americans banking online, and 1 in 3 favoring mobile banking, the theft of personal banking details has become big business – and a serious online security threat.  Rather than swear off online or mobile banking altogether, there are some precautions that you can take to protect yourself and your accounts.

Mobile banking tips for safe banking - SpeedyPassword

Use a Password Manager for Online AND Mobile Banking

A password manager will allow you to make your passwords longer and stronger, remembering them so you don’t have to.  Having SpeedyPassword installed on your computer AND your mobile devices means you only need to remember your Master Password to log in to all of your accounts, anywhere and anytime.  If you are having trouble creating a strong password, check out our 5 tips, or you can use the free, in-app Password Generator.

SpeedyPassword also adds an extra layer of security to your logins.  This is particularly good for online and mobile banking.  After entering your Master Password, the program automatically logs you in to accounts to avoid keylogger malware that captures the keystrokes you make.  When you navigate to your online banking portal or app, you won’t have to type your username or card number in. SpeedyPassword will auto-fill it for you, along with the password.  This will keep intruders from snooping through your online accounts.

Safeguard Your Systems

Once you have secured your accounts, the next step is to make sure your computer is protected.  Always use an antivirus program to reduce your chances of infections and invasion.  Malware, like spyware or Trojans, may try to steal your passwords, access codes, online banking or other personal information.  An antivirus program will make sure that existing malware is removed, and prevent malware from getting in.

Always perform Windows and program updates.  Updates are designed to patch vulnerabilities and make programs, and your operating system, stronger.  If you don’t perform updates right away, this could leave holes for malware to sneak through.

The same information applies to mobile devices.  Just because you do the majority of your online banking on your smartphone, doesn’t mean it’s safer.  Having a mobile antivirus is a good idea, as more malware is targeted at Android devices these days.  Always keep your apps and OS up-to-date, as these updates are released for a reason.  It’s also a good idea to keep your phone or tablet secured with a lock password.  If you do lose it, you don’t know if the person who finds it will try to return it to you, or hack your mobile banking.  Read more about how to supercharge your Android security in 6 easy steps.

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