BE SECURE AND SAFE
You actively rely on your cell phone for mobile banking and payments. But do you know if your phone is stolen or falls in wrong hands, all your hard-earned money can be lost in a single second? Here are a few tips that you should follow to protect mobile-banking fraud. Exercise caution.
1 Most of the phones support numeric password lock. Activate one for your phone with a password that is difficult to crack. Don’t use your birth date, or your spouse’s or kids’, anniversary date, house number or even telephone number as passwords. These are easiest to crack.
2 If you own a smartphone, install applications that can password protect a particular folder and even applications. So even if your phone is stolen, the thief cannot access information stored. Every time one tries for the to passcode. access the protected folder, it asks
3 Never save your ATM pin or your onetime transaction password in the phonebook. Even if you do, disguise it as a 10digit number by adding a few numbers that only you need know of.
4 Never disclose your personal information such as account number, password, PAN card number in text messages. These can be used for identity theft.
5 Always keep your phone’s Bluetooth turned off and don’t accept data from unknown sources. Virus and malware can attack phones. Also on Android smartphones, install an anti-virus. These are most vulnerable to virus attacks
6 Never leave your bank balance message on your phone.
7 Don’t open unknown web links on your phone.
8 Before handing over your device to others, wipe out all the personal account information.
9 At random intervals, change your account password used for making transactions.