Safe Online Banking: Top Tips to Protect Your Mobile Banking App from Cyber Threats

Best Practices For Maintaining Security While Mobile Banking | Bankrate

Online and mobile banking has become increasingly favoured in recent years thanks to the convenience and ease of managing your finances on the go. However, as more people turn to apps to access their bank accounts, cybercriminals have also shifted their focus to target new mobile banking apps.

According to research, over 70% of adults now use mobile banking account apps as their primary way to manage their money. But with cyber threats also on the rise, you need to take precautions to keep your money and information safe. This blog outlines some useful tips to beef up security for your online banking app and practice safe online banking.

Use Strong Passwords

The first line of defence for your mobile banking app is to set a strong password. Avoid obvious passwords like your birthday, anniversary, pet’s name or combinations like “123456”. Instead, create a complex mix of upper and lower-case letters, numbers and symbols.

Enable Two-Factor Authentification

Enable two-factor authentication for enhanced security. This sends a one-time passcode to your registered mobile number when you try to log in from a new device. Entering this code along with your password prevents unauthorised access.

Update Your App and OS Regularly

Outdated apps and operating systems contain vulnerabilities that hackers can exploit to steal your data. Set your phone and apps to auto-update so you always have the latest security features enabled. Or occasionally check for available updates for your mobile banking app and phone OS in the app store. Install them as soon as they become available to get protection against new threats.

Use Antivirus and Firewall Apps

Reputed antivirus apps and firewall programs can provide an additional layer of defence against malicious apps and websites aiming to steal your personal information. They run regular scans to detect and block suspicious activity on your device.

Avoid Public Wi-Fi for Banking

Free public Wi-Fi networks at airports, cafes and hotels often need to be more secure. They are more vulnerable to attacks, allowing cybercriminals to view your banking activity and intercept sensitive data like passwords and account numbers.

Monitor Account Activity

Log into your mobile banking app regularly and carefully review your account history, transactions and statements. Look out for suspicious or unauthorised transactions which could indicate fraud or identity theft issues. Strange activity like money withdrawn from ATMs you never visited is a red flag.

Install Updates Cautious

Exercise some caution while installing updates for your mobile device and banking app. Hackers often disguise malware in fake updates to gain access. Only install updates released directly from your device manufacturer and banking app provider. Avoid clicking links to updates in emails or messages, as they could redirect to malicious sites designed to steal your data.

Be Wary of Public Charging Stations

Free mobile charging stations in public areas seem convenient, but they also pose a risk of data theft. Cybercriminals can rig stations to install data-stealing programs on your phone when you plug into charge. Only use charging equipment that you own or from trusted locations.


Practising safe online banking by monitoring your accounts regularly, using strong, unique passwords and installing security apps gives you considerable defence against cyber attacks targeting your finances and information.

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