Mobile & On-Line Banking Cyber Security [extract]

Mobile & On-Line Banking Cyber Security

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Banking plays a pivotal role in most households, allowing people to manage their money, make purchases and save for the future. But as technology continues to evolve, so do our banking habits and our expectations of financial institutions. Here’s a closer look at the current state of banking and financial trends amongst consumers.

Online and mobile banking are quick and simple ways to manage your money. Banks take your online security seriously, but it's still very important to take steps to stay safe while banking online.

Mobile Banking Apps Make Managing Your Money Much Easier 

You can deposit checks/cheques, view your account balance and transfer funds between accounts from anywhere at any time; no need to visit a physical branch during specific hours. With something as important as your money, security is crucial.  

With digital banking technology, you can pay bills, deposit checks and transfer money from wherever you’re located. Due largely to their convenience, online and mobile banking are the two most popular ways to bank. 
More than three-quarters of Americans (78%) prefer to bank digitally, according to a March 2022 Ipsos-Forbes Advisor survey.

This technology is all about convenience and when it comes to banking, almost everyone under the age of 50 is accessing their bank accounts digitally nowadays. However, there are unfortunately some websites that are there to mislead us or defraud us out of our hard earned money and cyber criminals wanting to get hold of our data.  

While reputable financial institutions implement a slew of security measures, you can take some steps on your own to keep your financial and personal details out of the hands of hackers.

(Full article length: 2,600 words)

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