Mobile Banking Apps: Are We Really Safe?

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I am in love with smartphone applications or just simply “apps” as most–if not all–of us refer it to. With the development these apps had for the past couple of years, it’s safe to say that they simply make our everyday lives easier. There’s even this one radio ad that i heard before claiming that these days, “there’s always an app for everything”.

Well, thinking about it, i think it is true.  A lot of companies from all parts of the world of all sorts these days have created mobile apps crafted for iOS, Android, Windows Phone and BlackBerry users designed for them to reach their customers easier in different ways. One example are Banks. Banks from all over the world created smartphone apps to let their customers check their balance or perform whatever banking transaction they need to just like paying bills, as long as these actions are available with the web version of their Bank’s eBanking services.

Yes, it is very convenient. But, the question is: Are we really that willing to entrust the safety of our hard earned money into these mobile applications our banks are offering when we hardly know how safe it was developed just for the convenience of not having to go to the ATM machine each time we need to check our balance, or saving ourselves a trip to the bank for bills payment and what nots when we live in a world where hackers and identity thieves are so out there, ready to make a move to steal not just money, but also personal information they can use? (more…)

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