I've seen apps for Chase, Citi, etc that allow you to access your bank or credit card account info very easily. Is this safe to do???? I'm nervous because of the wireless transfer. Can my information get hacked or am I overhtinking this??
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Bank Account Access
- Thread starter redlum15
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Ask yourself this, "Is it safe to use a browser for online banking?" and then rethink your question.
not very helpful replies so far!
I'd say that the banks who made the apps wouldn't allow an insecure app to be made - as fraud costs them millions every year, expect pretty good encryption, atleast 128k.
I'd say you were pretty much safe, just aslong as your phone isn't jailbroken (adds a chance that a dodgy app could intercept the password)
Example form the citi app:
"ENCRYPTION — Your account is protected by 128-bit encryption, just as it is when you use Citibank Online.
PASSWORD PROTECTION — Each time you use Citi Mobile, you enter a 6-digit telephone access code, which you create when you enroll in Citi Mobile.
PRIVACY PROTECTION — The only personal information stored on your iPhone is the last 4 digits of your ATM/Debit card — the same information typically found on a Debit Card or ATM transaction record.
INSTANT DEACTIVATION — If your iPhone is lost or stolen, call 1-888-214-0036 — we can deactivate Citi Mobile instantly."
I'd say that the banks who made the apps wouldn't allow an insecure app to be made - as fraud costs them millions every year, expect pretty good encryption, atleast 128k.
I'd say you were pretty much safe, just aslong as your phone isn't jailbroken (adds a chance that a dodgy app could intercept the password)
Example form the citi app:
"ENCRYPTION — Your account is protected by 128-bit encryption, just as it is when you use Citibank Online.
PASSWORD PROTECTION — Each time you use Citi Mobile, you enter a 6-digit telephone access code, which you create when you enroll in Citi Mobile.
PRIVACY PROTECTION — The only personal information stored on your iPhone is the last 4 digits of your ATM/Debit card — the same information typically found on a Debit Card or ATM transaction record.
INSTANT DEACTIVATION — If your iPhone is lost or stolen, call 1-888-214-0036 — we can deactivate Citi Mobile instantly."