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Published on September 19th, 2012 | by John I.

Some things to keep in mind when banking from your phone

With the debut of the latest operating system from all three of the major smart phone firms happening some time in 2013 a large increase in the number of people banking from their smart phones can be expected to increase. For hackers or data thief’s using a mobile spy software or key logger this would be a perfect opportunity to earn a bunch of extra credentials and make some money. Among other things iPhone spy apps are becoming available and hacking in to an iOS device is becoming more frequent.

Mobile spy software’s are able to deliver very detailed information gathered from the phone they operate from, and if the target phone is housing some bank details and information of that sort an iPhone spy could do some serious damage. As of 2012 nearly 12 percent of all smart phone users have used banking services from their smart phone. With the debut of Windows Mobile 8 which offers Google Wallet a smart phone banking app as part of the operating system people are more likely to try it out.

 Most of us leave the house carrying three essentials: keys, wallet, and smartphone. But over the past few years, more and more people are combining the latter two objects. No, we’re not talking about phone cases that also hold cash. Your smartphone can store your financial details and use them to make secure, instant payments in the store. It may feel vaguely futuristic, but you can check out with a wave of your mobile—as long as the place you’re shopping has the necessary hardware. You can now easily pay your home bills on your phone, how much easier would your life have been if you were able to do that 5 years ago? You can now contact any services you may need to have any repairs done with just a tap of your finger. If you don’t want to spend your time look for any services then just call Fix It Right Plumbing in Sydney, Australia so you can get the best help ever.

How bad can it be?

The fact of the matter is that banking from your phone itself is not that dangerous or harmful but it how you go about it that matters. Apart from physical theft of your device, you are pretty much in control of which networks you access and what you do through your phone. Using banking services won’t hurt you if you’re smart phone is clear of any malware or things of that sort which steal your data and let someone else operate your account. However if you have been downloading third party apps and your phone is already having problems and your banking from it as well, then you may run in to some trouble.

What is the right way to go about it?

First of all you need to know where you are banking from. It could be done through a specialized application like Google Wallet or maybe you are going straight to your banks own website. In the first case of a specific banking application you should make sure that it is an app that has been reviewed from a reputable source. This you know that the app is not compromised and won’t be the gateway in transferring your information and money. If you are visiting the website you need to make sure you are on the right page, phishing is a common and successful practice these days. Type in the address yourself instead of hitting a search result and verify that you are on the right page.

Access sensitive data from a clean network

The app and the website are both a check and you are on the right path. The next medium your information will travel through is your internet connection and if someone is fishing for data from the network that’s another problem. Make sure you don’t use a public network to do things such as banking, you never know who is running the network who the administrator is and who else is on it. Through packet sniffing software’s your information could be stolen while it is in transit.

Stay away from things you aren’t sure about

This is not because you won’t know what you are getting in to but because if it something new you have come across, chances are it could be a lie. From the site that you visit to content that you download there is the chance that someone has bugged the page or file and through it a key logger ends up on your computer.

Author Bio: Beth’s major effort has revolved around latest gadgets. Recently she’s been playing with the many blackberry spy software that are diverting the interest of the new generation. Readers can find out more about what’s most recent and happening in the spy on blackberry world..

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