How To Avoid Mobile Banking Fraud - Fast Blog News

How To Avoid Mobile Banking Fraud

Avoid Mobile Banking Fraud (Pixabay)


The Covid-19 epidemic brought people into the digital world who have always lived far from it. That is, people who have little understanding of digital platforms are learning it. However, many hackers are taking advantage of this vulnerability. In fact, there are many cases of money being stolen from accounts on digital platforms these days. A mistake made by a user empties their entire account. In that case, even if you use banking apps, there are some things you should always keep in mind.

People are falling prey to mobile banking fraud, accounts are being emptied in a matter of minutes; To avoid this -

Follow these 6 tips

1. Multi-factor authentication properties

Single passwords are easy to crack, but the multi-factor authentication feature is not easy to crack. In this case, you should use this feature in your special banking apps. In this feature, the user is required to login with a number of items such as fingerprint scanner, OTP, debit card number, and password. In this case, the multi-layer cannot be easily broken.

2. Use of NFC-embedded SIM card

An NFC-embedded SIM card is a SIM card that allows users to securely download and download their credit card information to the Nearest Field Communication (NFC) SIM card. With this option, consumers do not have to pick up their debit or credit card. In this case, there is no problem of losing or forgetting the card. With the help of a card, a hacker can access your account. In that case, the possibility of a case is also ruled out.

3. End-to-end encryption

These days digital transactions are growing rapidly. Billions of people are transacting in many ways around the world such as payment cards, merchants, card brands, bank cards. These transactions are monitored by hackers. In this case, end-to-end encryption is the solution to this threat, as it ensures that the data is kept secure and strong. It conducts security audits and pension tests that take security managers an extra mile.

4. Use of in-display fingerprint devices

 Now, most bank apps are also offering fingerprint security. However, this feature is found in smartphones that have an in-display fingerprint scanner. It receives different sets of signals such as IP address, location, time of day, type of device, screen type, browser, etc. In that case, you can also use a device that has an in-display fingerprint scanner.

5. Real-time text and email alerts

You should also keep up to date with app notifications along with real-time text and email alerts associated with your account. So if you have a transaction with your account, you get an instant alert associated with it. If you do not receive a real-time warning, you should talk to your bank once. This will alert you immediately to avoid bank account fraud.

6. Check the source of the app

Many hackers these days make apps like Bank and put them on the App Store. In that case, if you download the wrong app in a hurry, your bank money will be lost and phone data will be stolen. Whenever an app is installed in it, its developer, installation, ranking, review, etc. should be considered. Nowadays many users are making the mistake of installing the wrong app.

Previous article
Next article

Leave Comments

Post a Comment

Please do not enter spam link in the comment box.

Articles Ads

Articles Ads 1

Articles Ads 2

Advertisement Ads