Best Practices to Make Mobile App Banking Safe and Secure | AU Small Finance Bank
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Best Practices to Make Mobile App Banking Safe and Secure

    Today, you can do all banking-related tasks using your Mobile App right from the comfort of your home. A study conducted by Juniper Research predicts that over 3.6 million users globally will be banking digitally by 2024. Amidst the popularity of Mobile Banking Apps, several still doubt its safety. Let’s delve deeper to know what measures you should undertake to ensure your Mobile Banking transactions are safe.


    Is Mobile Banking Safe?

    Well, it all depends on how well-informed and cautious you are. Almost every bank has a dedicated Mobile Banking App that is encrypted with high-end technologies protecting all the confidential data from the vulnerabilities of online fraud.

    One of the main reasons for a Mobile Banking security breach is social engineering, wherein users are manipulated to provide usernames and passwords to scammers, hackers, and cybercriminals.


    Best Practices for Safe Mobile App Banking

    It’s much easier to fall for a scam than you think, and knowledge is the best defence against them. Here are some best practices for safe Mobile App banking:

    • 1. Download a Verified Mobile App

    Usually, banks provide the link to a Mobile App on their official website. This helps you find the correct Mobile Banking App. Once you have verified it from the bank, you can download it from Google Play or App Store.

    • 2. Use a Strong Password

    A strong password consists of upper and lower-case letters, numbers, and symbols. Also, it is crucial not to allow your app to remember your password either, as this may be easier for hackers to get your banking related information.

    • 3. Use Two-Factor or Multi-Factor Authentication

    Ensure that the Mobile Banking App has a multi-factor or at least a two-factor authentication feature such as biometric protection, one-time passwords, or fingerprints that adds another layer of security.

    • 4. Avoid using Open Wi-Fi

    If you use public Wi-Fi for mobile banking apps, you are likely to be in danger of a security breach. Usually, open Wi-Fi networks lack basic security measures, have poor router configuration, and have weak passwords. It is always recommended to use your cellular network to access or perform any banking-related task.

    • 5. Beware of Phishing, Vishing and Smishing

    Phishing emails are common wherein scammers compel you to divulge personal information so that they can have easy access to your bank account. You should be familiar with the Mobile Banking App to identify abnormal pop-ups or messages.


    Mobile Banking Benefits

    • With 24*7 access to a Mobile Banking App, you can access your accounts anytime, anywhere.
    • With high-speed internet services, you can easily carry out banking and payment-related tasks from the comfort of your home.
    • Managing your accounts through a Mobile App also puts you in charge of your money and helps you better gauge your financial standing on a frequent basis.
    • Mobile Banking is an environmentally friendly way of banking.

    AU 0101 App - Secured Mobile Banking Experience

    AU 0101 App is all you need to manage your payment and banking needs from a single source. Using the Mobile Banking App, you can perform multiple tasks while on the go. Below are some of the AU 0101 App features

    • Whether you want to transfer money, open a Savings Account, Fixed Deposit or have a query, you can contact AU Bank’s representative using the Video Banking feature.
    • Are you looking to apply for a Loan? Simply use the AU 0101 App to get finance on the go.
    • Invest in Stocks/Mutual Funds through our intuitive AU 0101 App & let your money grow  
    • Make online payments, send & receive money, manage utility bills and other transactions using AU 0101 App.
    • If you are an AU Bank Debit Card or Credit Card holder, you can avail a bouquet of discounts and offers on lifestyle services.