Examine the risks of mobile banking applications
                     EXAMINE THE RISKS OF MOBILE 
BANKING APPLICATIONS
USING A FAKE MOBILE 
BANKING APP
Some scammers have created fake 
mobile bank apps to get you to enter 
your password and other private 
details. Once they have that 
information, they can turn around 
and use it to access your real bank 
account and take out your money. 
Source: www.fool.com
USING YOUR MOBILE BANKING 
APP ON PUBLIC WI-FI
Public Wi-Fi might enable you to save 
your monthly cell phone data, but it 
also makes it much easier for 
hackers to access your phone and 
see what you're doing. It is possible 
for them to hack into your phone 
when you're using cellular data, too, 
but that is much harder to do.
Source: www.fool.com
NOT UPDATING YOUR PHONE'S 
OPERATING SYSTEM OR APPS
Installing updates can be a pain and 
can keep you from accessing your 
phone or apps for a while. 
However, you should always do it 
anyway. Some of these updates are 
important security patches that fix 
flaws in an app that might let 
hackers more easily access your 
data. 
Source: www.fool.com
STORING PASSWORDS AND 
PINS ON YOUR PHONE
You might decide to keep a note on your 
phone with your bank account password 
or PIN if you're prone to forgetting it, but 
this is dangerous, too. 
If you lose your phone and a would-be 
thief finds it, they can easily gain access 
to your financial accounts, and you 
probably won't even notice until your 
money is already gone.
Source: www.fool.com
USING AN EASY 
PASSWORD
The days when "Password" was 
considered a secure password are long 
behind us if they ever existed at all. 
Fortunately, most online accounts, 
including mobile banking apps, no longer 
allow you to use such simplistic 
passwords. 
Source: www.fool.com
NOT PASSWORD 
PROTECTING YOUR PHONE
Modern smartphones let you enter a 
passcode or open your phone with a 
fingerprint scanner so that no one else 
can access your phone without your 
permission. 
Source: www.fool.com
NOT SIGNING UP FOR 
SECURITY ALERTS
Security alerts are messages sent to 
your phone or email that tell you about 
new or suspicious activity regarding your 
bank account. It might be a login from a 
new device or a purchase that seems 
suspicious. 
Source: www.fool.com
PHISHING LINKS IN 
EMAILS
Scammers will also send you phishing 
emails that try to trick you into giving up 
sensitive data such as usernames and 
passwords.
Source: www.fool.com
PHYSICAL PHONE THEFT 
AND HACKING
An unsecured or stolen phone can be a 
payday for scammers. If you don’t keep 
your mobile device locked, a scammer 
can steal it and gain access to your most 
sensitive accounts and information.
Source: www.identityguard.com
THANK YOU