10 Dangers of Mobile Banking

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1. Mobile devices are small computers that can face big problems.

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Smartphones and tablets are like tiny computers, so users need to take cautions similar to those used when transmitting extensive private information on a computer. “Mobile banking apps are connected to wireless networks, and these networks are inherently insecure as they broadcast their messages into the open air,” says Ron Vetter, member of IEEE Computer Society and co-founder of Mobile Education LLC.

Next: 2. Protect with a password, or risk passing along your bank account.


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