Sponsor Robert Siciliano as he runs the Boston Marathon for Miles for Miracles, Children's Hospital Boston
ROBERT SICILIANO is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds.

FREE EBOOK

Check here if you're human

Sponsors

Mobile Banking More Secure Than Computer E-Commerce?

0
Pin It

Mobile banking is on the rise for more reasons than convenience sake. In truth, it’s more secure than traditional online baking.  Accessing your banks mobile website or using your banks mobile application is inherently more secure than using a computer.

Why?

Computers are big targets for thieves. PC’s mostly run on Microsoft’s most hacked operating system, they typically contain a great deal of data, and they are vulnerable to viruses created by criminal hackers. Over the past decade criminals have learned the ins and outs of exploiting online banking using PC’s. In the past 15 years or so, the desktop computer has been hacked in every possible way, making the computer and the data it contains and transmits extremely vulnerable to fraud.

Mobile banking on the other hand is relatively new – the operating systems vary, viruses and other malware aren’t as prevalent and the technologies in handsets themselves vary greatly among manufacturers.

Computers are still the “low hanging fruit” while mobile phones aren’t as attractive due to computers being so vulnerable.

The mobile carriers’ networks are more difficult to hack than your home or local coffee shop’s wireless network. Mobile carrier services like 3G have a much higher level of encryption and aren’t open like broadband internet. Meaning you can’t just jump on someone’s 3G connection in most cases.

With mobile banking there is the added benefit of additional layers of authentication, in which the account holder authorizes various transactions via text message or call backs with an additional code, making mobile banking even more secure.

As mobile banking becomes more popular, investigate it and try for yourself. You will love the convenience and appreciate the security.

Robert Siciliano, personal security expert contributor to Just Ask Gemalto.

About the Author
ROBERT SICILIANO, CEO of IDTheftSecurity.com is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds. His "tell it like it is" style is sought after by major media outlets, executives in the C-Suite of leading corporations, meeting planners, and community leaders to get the straight talk they need to stay safe in a world in which physical and virtual crime is commonplace. Siciliano is accessible, real, professional, and ready to weigh in and comment at a moment's notice on breaking news.

Similar Posts

  • Banks Need You to Partner in Security
    Sticking your cash in a mattress has never been a good idea. That’s why we have banks. Banks have safes, insurance, and other systems in place to ensure that multiple layers of security protect your money. In the past decade, however, as much as 80% of all banking has taken place online, compared to the hundreds
  • Safe Banking On Your Mobile Device
    Mobile banking has experienced rapid growth over the last three years, in the U.S., more than doubling from 5% of online adults in 2007 to 12% by June 2010. Furthermore, Forrester predicts that one in five–or 50 million–U.S. adults will be using mobile banking by 2015. However, identity theft is a major concern and studies show that many
  • Virus Hijacks Online Banking Session
    Online banking is great. I highly recommend it. But if you aren’t careful to keep your computer secure, getting hacked can turn your online banking session into a nightmare. OddJob Trojan is the latest in malware and yet another reason to beef up your computer’s security. OddJob hijacks online banking sessions, keeping users’ accounts open after
  • What is Mobile Banking? Is it Safe?
    Mobile banking (mBanking) or text (SMS) banking refers to online banking that occurs via mobile phone rather than via a PC (online banking). The earliest mobile banking services were offered over SMS, but with the introduction of smartphones and the Apple iOS and Google Android operating systems, mobile banking is now primarily offered through applications
  • Banks Need You To Be Responsibly Secure
    Our culture deemphasizes individual responsibility. In my mind, life begins when you begin taking responsibility for everything in your life. Personal security is fundamentally your own responsibility and, while you may not be responsible for a crime happening to you, you are the one in the best position to prevent it. In the last decade, as

Leave a Comment

You must be logged in to post a comment.

Xtreme School

Featured in

Anderson Cooper John Stossel Robert Siciliano Featured in
Browse by Month

Browse by Category