banking

How to dodge 7 mobile banking threats

Banking » How To Dodge 7 Mobile Banking Threats

Let developers update your banking apps
Let developers update your banking apps © Gajus/Shutterstock.com

When your mobile device alerts you to an update for your mobile banking app or your phone's operating system, make sure you install it.

"When the developer issues an update to that app, often it is for security or functionality purposes," Siciliano says. He explains that an update may come after the developer notices a flaw or weakness and moves to fix it. He suggests setting your mobile banking app and phone operating system to auto-update if possible.

Inscoe says not making the updates in a timely fashion could leave your phone more vulnerable to attack.

She says the updates are manufacturers' and developers' ways of trying to keep up.

"Security on these mobile devices is so poor, and it's getting further and further behind the threats posed to it daily," Inscoe says.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

Best investment for grandkids?

Dear Dr. Don, I am a grandmother of four and want to start a life savings for my grandchildren. Their ages range from 2 to 8. Should I get savings bonds or certificates of deposit? Thank you, -- Nanna Notes Dear Dr. Don,... Read more

advertisement
Partner Center
advertisement

Connect with us