banking

How to dodge 7 mobile banking threats

Banking » How To Dodge 7 Mobile Banking Threats

Use banking apps rather than mobile browser
Use banking apps rather than mobile browser © Sergey Nivens/Shutterstock.com

Thanks in part to the growing numbers of banks offering apps to their customers, the number of people banking with a mobile app is for the first time surpassing the number of people banking with a mobile browser, Monahan says.

That's a good thing because mobile banking apps tend to be more secure than mobile browsers, she says.

Aite's Inscoe agrees, saying banks can build security features into apps that can't be built into mobile browsers.

"If a bank has issued an app, they will ensure it's secure," she says. "By far, the preferred method is to use the method your bank provided for you to use (for mobile banking)."

The bottom line: If your bank has an app that you think is trustworthy, use it instead of a browser for your mobile banking.

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