In our tech-savvy world, everything is readily accessible and convenient – even banking. Gone are the days of waiting in line at the bank or waiting for your computer to boot up. Now you can access your bank account from anywhere in the world via your smartphone or tablet.
Business owners and consumers alike, however, need to be aware that hackers are just waiting for you to become careless with mobile security measures.
The FINRA Investor Education Foundation, part of the Financial Industry Regulatory Authority, offers these five tips on how to keep your identity safe and your money in the bank:
Password-protect your phone or tablet so that only you can access the information on your device. This will help protect you if your phone or tablet is ever lost or stolen.
Never provide personal information unless you initiate contact with your financial institution. Consider it a red flag if you receive a request to verify account numbers, Social Security numbers or other sensitive information via email or text messages. If you’re not sure about a request, contact your bank by calling the number on the back of your debit or credit card.
Don’t stay auto-logged into your accounts. Even though it’s convenient, it increases the risk that an unauthorized user will access your accounts.
Delete old texts from your bank to reduce your exposure to fraud.
Report lost or stolen devices immediately to your wireless provider and financial institutions.
Start With Trust. Read more from FINRA about how to protect your money.