10 Dangers of Mobile Banking
3. Auto-saved passwords are not secure protection.
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If you use your mobile banking app often, chances are you’ve told it to “remember you” upon each visit. But, for optimal security, “One should never allow apps to remember usernames and/or passwords,” Vetter says. Auto-saving your mobile banking passwords gives anyone with physical access to your mobile device access to your money.
4. Shared devices could share problems.