- iPhone Intermediate
- 167 Posts
Security of mobile banking apps
I downloaded the Chase mobile banking app and was wondering how secure it is compared to a normal web browser on a computer. I realize it depends on what wifi network you are connected to ( whether it is public or private) but in terms of just using the 3G network, how secure is it? Should I worry about someone being able to steal my login information?
- 02-15-2011, 09:10 AM #2
- 02-15-2011, 09:17 AM #3
Do you use a credit card at a restaurant where the waitron takes the card, wanders off to God knows where, and brings it back for you to sign the slip? You're at more risk from that than a mobile banking app. They use secure data transfer protocols, just like when using a secure website on a PC. The real danger is losing your phone, and not having a password to unlock it, and someone getting into your stuff that way.
- 02-15-2011, 09:26 AM #4
I use PNC's virtual wallet, they claim it's an encrypted connection to their servers. I have to enter my full password every time as well. I really only use it to check balances and that stuff. If I had to I would do a transaction. I assume Chase and BoA's apps are similar in usage.
I'd say it's at least equally as safe. Maybe safer as it's far easier for your desktop to get malware etc. that could capture your passwords or intercept the connections.
- 02-15-2011, 09:49 AM #5
- 02-15-2011, 10:11 AM #6