Customers of banks like State Bank of India (SBI), ICICI Bank, Axis Bank, Yes Bank, Bank of Baroda, Citi, and Indian Overseas Bank have been under threat of being trapped in fake app downloading fraud. Many innocent bank account customers have downloaded fake apps and their credit card, debit card, account numbers even PIN have been stolen.
Hence, let’s understand how to stay secure while undertaking a mobile banking transaction. ICICI Bank has listed out few pointers on its website for its account holders to remain safe in terms of mobile banking. These pointers are common in case of other banks, and can be used as useful tips.
1/82. Register/ update your mobile number and e-mail ID for alerts to keep track of your banking transactions.
2/81. Set up a Pin/password to access the handset menu on your mobile phone. Set up a Pin/password that is difficult to crack.
3/83. Delete junk message and chain messages regularly. Do not follow any URL in message that you are not sure about.
4/84. Do not save confidential information such as your debit/credit card numbers, CVV numbers or PIN's on your mobile phone.
5/85. Install an effective mobile anti-malware/anti-virus software on your smartphone and keep it updated.
6/86. Do not use "jailbroken" or "rooted" devices for online banking. Jailbreaking or rooting a device (the process of breaking into the phone's built-in operating system to control it outside the vendor's original intention) exposes the device to additional malware and gains administrative or privileged access of OS.
7/87. Only download apps from official app stores such as Apple iTunes, Android Marketplace, Google Play Store and BlackBerry App World.