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Is It Safe to Do Your Banking on Your Phone?
You’ve been careful with money your whole life. Here’s the one thing that catches careful people out.
By Elizabeth Ndungu | Founder, Ndungu Consulting | Tech Coach for Adults 50+
Here is something most people do not tell you about mobile banking safety.
The biggest risk is usually not the banking app.
The biggest risk is being tricked into leaving the banking app.
That single fact changes everything about how you think about mobile banking safety. And it is why so many careful, intelligent adults over 50 are still at risk. Not because they are careless, but because this idea may not have been explained properly.
That is what I want to do here.
What Makes the App Safer Than You Think
Banks spend a lot on security. Their apps use encryption, which scrambles your data while it travels between your phone and the bank.
They also require more than just a password to log in. You may need a code sent to your phone…
