All of us are creatures of convenience, and that extends to our finances. It’s not enough to access online banking, budgeting tools, and retailer websites from home — we want them on our mobile devices, too. But, just as browsing the web from home can expose our finances to ever-evolving cyber threats, using mobile apps can too. Though personal devices may seem more secure than a public computer, hackers can still find ways to get into our phones and steal sensitive financial information.
Are you smart about smartphone financial security? If not, following these tips is a good place to start.
1. Use Those Optional Security Measures Like Touch ID
Are you someone who’s been stubborn about setting up a passcode or Touch ID to open your phone? It’s a little less convenient, but the extra step is also the first line of defense for your personal information.
2. Add Extra Security Measures to Financial Apps
Besides your smartphone’s overall security, it’s important to protect access to financial information on your phone housed in banking account apps, account linked financial management apps, and digital wallets. Setting up additional features like passcodes (or Touch ID) for each financial app provides another line of defense if your phone is lost or hacked. As with all personal accounts, choose unique passwords, update them regularly, and keep them in a secure location (a.k.a., not in your phone!).
Some smartphones also allow you to at least partially block Internet access and ad tracking mechanisms on a per-app basis to protect your information from outside threats.
3. Know Your Smartphone’s Vulnerabilities
Whenever there’s a major data breach, tech companies inform the public of who could have been affected where, when, and how. There’s similar information available on which smartphone operating systems, browsers, and other tools have been (or could be) vulnerable to various types of cyber threats and attacks. You don’t have to be super tech-savvy to search for your phone’s systems and look at the risk scale and number of vulnerabilities. You can also check out consumer-focused technology blogs and news sites.
4. If You’re in the Market for a New Smartphone, Consider Security Features
The older your phone is, the less security features it’s likely to have and the more vulnerable it is to hackers. If you’re already due for a new smartphone, make security a priority. Some features will be standard, but smartphone security differs widely based on model and operating system (OS). Check for reviews and explanation of security features, and choose the level of security that best fits the way you use your smartphone.
A simple (and free) thing you can do in between upgrades is to promptly install any system updates. Some of them are just for new features or speed, but others could be correcting security vulnerabilities.
If at any time you feel any of your First Financial accounts may have been compromised due to a smartphone or online vulnerability, contact our Member Relationship Center right away at 732.312.1500. If your First Financial credit or debit cards were compromised in a scam, call the 24/7 toll-free number on the back of your card to report the incident and replace your card. All important phone numbers for members can be found on our website: https://www.firstffcu.com/contact-us.htm
Article Source: Jessica Sommerfield for Moneyning.com