Oregon Bankers Association Provides Tips to Protect Your Mobile Device
Popularity of mobile banking continues to grow
The number of attacks on mobile devices is growing, in part as a result of
the increased popularity of mobile banking. According to a 2013 survey by
the American Bankers Association, mobile is the preferred method of banking
by eight percent of consumers, a 30 percent increase since 2012. The Oregon
Bankers Association recommends that consumers take extra precaution to protect
the data on their mobile device.
"As more and more Oregonians turn to their smartphone for mobile banking,
it becomes increasingly important for them to understand that any device connected
to the Internet is vulnerable," said Linda Navarro, OBA president and
CEO. "Customers play a key role in the work that banks do to protect
OBA suggests following these 10 steps to protect one's mobile device:
1. Use the passcode lock or thumbprint scan on your smartphone and other
devices. This will make it more difficult for thieves to access your information
if your device is lost or stolen.
2. Log out completely when you finish a mobile banking session.
3. Protect your phone from viruses and malicious software, or malware, just
like you do for your computer by installing mobile security software.
4. Use caution when downloading apps. Apps can contain malicious software,
worms and viruses. Beware of apps that ask for unnecessary "permissions."
5. Download the updates for your phone and mobile apps regularly.
6. Avoid storing sensitive information like passwords or a social security
number on your mobile device.
7. Tell your financial institution immediately if you change your phone number
or lose your mobile device.
8. Be aware of shoulder surfers. The most basic form of information theft
is observation. Be aware of your surroundings especially when you're punching
in sensitive information.
9. Wipe your mobile device before you donate, sell or trade it using specialized
software or using the manufacturer's recommended technique. Some software
allows you to wipe your device remotely if it is lost or stolen.
10. Report any suspected fraud to your bank immediately.
Established in 1905, the Oregon Bankers Association is Oregon's only full-service
trade association representing state and national commercial banks, thrifts
and savings banks chartered to do business in Oregon. More information is
available at www.oregonbankers.com