The digital age is the only age that can never die. Why is it so? Well, quite a simple answer: When people were not exposed to technology and there was a time when even a single task required a day or two for its completion, it was extremely tiresome for the people to accomplish their work tasks and objectives. But later on, industrialization came into place and revamped the entire working arena, around the globe. Efficient processes, machines to help humans in the field, and vehicles to carry heavy loads and money orders were used by the public to transfer money that was of great time and effort demanding. Then afterward, this process continued to emerge and never ever stopped at the same point.
Modernization came into place, technology ruled over and now its all in front of our lives, we can not even think of to live our life without modern and technologically advanced gadgets, devices, machines, and Softwares, particularly in every sector including our household chores as well. The major contribution of technology is in the field of the financial industry or sector. It has been made possible to transfer money in a single click of a button from one place to another, to check our account balance, to pay for our utility bills, shopping without carrying cash, and much more. But this all financial procedure has been made even simplest via the establishment of mobile banking applications for we (as users). The hindrance of visiting banks or financial institutes and waiting in long ques for turn has been reduced up to a great extent.
No doubt mobile applications are now a necessary part of our lives. So, the protection of these apps must not be ignored at all. Cybercriminals become active as far as they hear about a single innovation in technology. They are the sticky peaky insects that would not free you unless they suck your blood. So beware of such dangerous insects and prepare yourself to fight against them, if you want your mobile app to be a great hit. For this purpose, many financial institutes partner with mobile application testing companies to ensure the safety of their mobile apps.
But security must not be an only concern for banks, the users of mobile apps must also do some protective measures to mark themselves safe and secure of cyberattacks. Here are some measures that users can take:
Never use public wifi – On public networks, unless every page you visit is encrypted, you cannot be completely sure who will see what you send online. The security of your private home network is ideal. If you must log in when you are away, consider using a cellular data plan instead of Wi-Fi or a virtual private network called VPN.
Whether you choose to log in or check web page encryption by ensuring that the address on your browser starts with “https”. “S” means the page is safe.
Choose an organization that uses industry-standard security – You may already want a bank or credit union that offers accounts with low fees and high-interest rates. Add “first-class security” to your list. Then, make sure that your online account is supported by powerful technology.
Many larger online banks and traditional institutions with online accounts comply with these standards, so it should be easy to find a bank or credit union that meets the requirements.
Change your passwords often – Use combinations that are difficult to guess, such as a mixture of uppercase and lowercase letters, numbers, and symbols. The more complex the password, the more difficult it is to crack, and the more likely it is to provide protection against hackers.
Ask for the text Alerts – Many organizations allow customers to choose to receive alerts via text or email when a large transaction on the account or the balance drops to a certain amount. This way, if customers see a purchase or transfer they haven’t made, they can immediately contact the bank and protect their account from further fraud. In addition, customers can dispute unauthorized charges within 60 days of the bank statement date.
Conclusion
Although online banking has some risks involved in it yet it has plenty of benefits monitoring balances to avoid charges, depositing checks, sending money to friends and family, and earning more interest from only online banks with the best interest rates, and much more.