This has people wondering, Are banking apps safe?
Luckily, there are some steps you might take to help keep your data safe.
Are Banking Apps Safe?
Are you losing track of all your passwords? Check out our list of the fivebest password managersof 2022.
While identity theft is on the rise, thats not all you have to worry about.
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What you gotta know is that80% of apps track and store your datafor a variety of reasons.
Needless to say, ensuring your favorite mobile banking app is kept secure against hackers is crucial.
6 Ways to Ensure Safe Online and Mobile Banking
1.
If they dont provide info up front and simply tell you to download their app be wary.
It could be a fake and one of the internets biggest threats, financially speaking.
Did you know?
If your banking app does not offer at least two-factor authentication to protect sensitive information, you should reconsider.
Read -factor authenticationand how this process can help keep your information safe.
But, having a strong password is successful at keeping fraudulent activity at bay.
To take it a step further, dont ask your web app to stash your passwords for you.
Instead, use a password manager that keeps your passwords secure through encryption.
Mobile banking is our way of life, but dont take security risks.
New York contributor Kiara Taylor specializes in financial literacy and financial technology subjects.
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