As smartphones have become more capable, many people have begun to use them as a banking tool. Logging in to a bank account on-the-go is much easier and quicker via mobile data than any other method, and alerts can be sent directly to a user’s phone to keep them informed of major transactions and changes.
These benefits, however, may come at the cost of security. Smartphones are the wild west of malware, and while they’ve proven to be relatively safe, many users have unanswered questions and concerns. Could a new virus strike? Is 4G secure? And can a stolen phone compromise a bank account?
