Are mobile Banking Apps Safe?


When Internet banking was launched by some private banks few years back i.e. around 2005, customers were apprehensive of using it. In year 2013, several private banks launched their mobile banking apps. At this point also, customers were merely wondering what mobile banking was and whether these kinds of applications were safe to use.

However, over the years, these applications have made our lives easy and banking customers have become quite comfortable with new technologies. They are using internet banking for balance inquiries as well as other things like funds transfer, credit card payment, utility bills payment and even equity trading. The Complex encryption software makes sure to protect your valuable information. However, every system has its flaw.  Your account is at the risk of being attacked by hackers, phishing, malware and illegal activities. Read More…

Biren Parekh