This is a podcast episode titled with a URL link, featuring Scott Chambers hosting the Financial Freedom Report. The episode, recorded in December 2014, discusses three key tips for securing mobile transactions, including using trustworthy apps, securing devices with passwords, and ensuring secure connections to protect against scams and theft in mobile financial activities.
Welcome to Financial Freedom Report. I'm Scott Chambers three Keys to Secure Mobile Transactions Mobile shopping is the new online shopping. As smartphones and tablets consume an ever growing piece of the cyberspace consumer economy, it's easier than ever to make the same kinds of transactions on the go as you would on a home computer. And of course, that means that it's also just as easy to fall prey to a variety of scams aimed at pirating identities and bank accounts. Newer mobile devices make it possible to do an unprecedented range of financial business away from home. It's possible to scan checks for deposit to a bank account, order and pay for goods from online merchants, and even accept certain credit card payments for services rendered. But the very ease of doing business this way makes mobile transactions particularly vulnerable. Use trustworthy apps. Mobile devices rely on apps, short for applications that allow for connections to online locations. Although apps for online buying, banking and many other functions are available from a variety of sources, fraud experts recommend getting your mobile apps from recognized and trusted app stores such as Apple, Amazon, or Google. Untrustworthy third party apps may not be secure yet, allowing for hacking or intercepting the data you're sending. Secure your device with passwords. You use passwords on your computer, so if you use your phone or tablet for financial transactions, it's wise to set up password security on those devices too. It's possible to set up several levels of password protection for the device itself so no one but its owner has access and for specific apps and data installed on the device. Although it may seem like a nuisance, establishing unique, hard to hack passwords is a simple and cost free way to stay safe. Use secure connections. While it's easy to do a quick transaction over public WI fi in your favorite coffee house, experts warn this is the easiest way for hackers to hijack your passwords and transaction information, including credit card numbers. When accessing websites from a mobile device, be sure that any site you send data to has a secure HTTPs connection rather than the unsecured HTTP connection. That little s that's added to the site's address ensures that data you send is only shared with the receiving device, while unsecured data can be picked up by other sources. Mobile apps are making it easier than ever to do business wherever you go. But because mobile technology is still developing, it's an area ripe for scams and theft. A few precautions and a little vigilance can go a long way toward protecting your finances and staying in control of your investments. For Financial Freedom Report, I'm Scott Chambers.
