ComTech: IT Support Stirling

Is mobile banking safe?

Is mobile banking secure? I get asked this question more times than I can remember and the answer is always the same.  It can be!!

Let me explain. My personal banking is through Barclays and I must say, for me, their online banking is superb and their mobile app (Android) is even better.  I can very easily transfer money between my accounts and even pay my bills without leaving the comfort of my living room. I can also contact Barclays through the app which basically by-passes security as it is assumed I am making the call, which I must admit is a bit scary. There is a woft of “convenience” about the whole mobile banking thing which I like, however I am fully aware of the dangers.  I have a passcode on my phone and another (different) code to access my banking app.  There are also various other passcodes to apps such as Dropbox and finally I have the ability to wipe my phone using BitDefender.  If my phone gets lost or stolen I am not really that worried about data theft.  A lot of people however are not so security conscious.

The biggest concern for me is where I use my mobile banking.  Public wifi is a non starter as you don’t know who else is on the same network and, for me, 3 or 4G is also out for the same reason.  I tend to use wifi networks I trust so that is home, friends and maybe some clients.  If you can’t trust the network you are using don’t bother using mobile banking.

So is it safe? I would say mobile banking is along the lines of crossing the road.  If you take sensible precautions (like looking both ways) and don’t use it everywhere (crossing a motorway anyone?) then you will be safe.  Yes it is convenient but treat it with respect.

About the Author


Hi I’m Chris Wakefield the owner of ComTech IT Support. I provide Cisco, Windows, OS X and Linux based IT Support to small businesses throughout Scotland.

Follow @Comtech247 on Twitter





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