Prajna Capital - An Investment Guide

AS the number of mobile phone users grows, Mobile Banking is getting a wider acceptance due to its convenience. However, it comes with its own share of risks. It is therefore important to be aware of the safeguards to enhance the security of your transactions. Given below are some tips to ensure the safety of Mobile Banking: • Use the phone lock function with a password which is difficult to crack. The password should be a combination of letters, numbers and symbols. • Never disclose any personal information (like account number, date of birth, PAN number, debit card PIN) via text message. This could lead to identity theft. • Update your mobile phone with the latest version of a reliable antivirus software regularly. • Remember to delete all personal details from your phone before allowing anyone else to use it. • Download files only from a trusted source. Make sure that Bluetooth is switched off when the phone is not in use, to avoid transmission of viruses. • Mobile phones should be ...

Indeed, mobile banking scams have become common these days. Here’re some precautions you need to take before you decide to reach your bank through your mobile phone. FIRST THINGS FIRST It is true that mobile banking saves you from those bank trips for every small little thing. But before you get lured by the convenience and the ease that mobile banking services provide, make sure that you know everything about the service. Mobile banking is available through many modes. Which one is compatible with your handset is the first thing that, experts say, you should know as a mobile banking user. A user must know what his bank is charging for the service and also the rates that telecom companies levy for connectivity and messaging. SAFETY MEASURES Apart from the basics, you should be aware of the safety measures that you need to take. As is always prescribed, you should immediately change your password and destroy the password mailer after doing so. Disclosing your password to someone (incl...