
Mobile Banking is a value added service offered by a bank to
enable customers conveniently and securely conduct their banking transactions
on their mobile phone. While a good number of Nigerians with smart mobile
devices have embraced the use of their Bank’s Mobile App for convenient
transactions, the need for security consciousness is vital as there have been
cases of scam in various forms.
As simple as your mobile phone looks to you, one single act
of it falling into the wrong hands might leave you devastated for a very long
time. It is therefore necessary to take these basic precautions.
1. Never store your account
information, such as the account number, debit and credit card PINs, on your
mobile handset.
2. If you use a banking app, never
store your user name and password on your mobile handset for automatic login.
This may allow faster access, but is a potential hazard if the mobile falls in
wrong hands.
3. Never use mobile banking when you
are on a public network, including free WiFi hotspots. Always use your mobile
service provider’s network or a password-protected WiFi connection.
4. Set a screen unlock pattern, a
number-based or a text-based password.
5. Never send your account information
via text message.
6. Don’t respond to fraudulent emails
or text messages appearing to be from your bank requesting for personal
information, such as passwords, Bank Verification Number (BVN), credit card
numbers etc.
7. Use your bank’s official App
Most financial transactions occur through your mobile device,
so it’s important to keep your information protected.
Got more tips on mobile banking? Share with us on the comment
section.
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