With technology growing at an endless rate, consumer payment options have never been more diverse! As new offerings emerge, such as text transfers, person to person payments, and mobile banking, users now have the capability to complete daily transactions from the comfort of their smart phone. These new capabilities come with added vulnerabilities. At Peoples Bank & Trust we’re here to help you enjoy your new technology, while still remaining safe behind your smart screen. Use these five key tips to keep your personal information secure.
- Only Use Your Credit Card on Apps
While your debit card will work for these applications, attaching your bank account to a payment app outside of the bank’s products could be compromising your personal finances.
- Stay Off of Cell Phone Towers or Public Wifi When Paying
Although it can be tempting, try to only use your payment apps while you’re on a personal and secure network. The internet connection from local cell towers or public wifi is open to a variety of users. These users may intercept your personal information, gaining access to your valuable personal information.
- Set a New, Unique Password Every 1-3 Months
Sometimes, the simplest things can make the most difference. By actively setting and changing your password, you can protect your device from leery predators. A good rule of thumb is to have at least eight characters with at least one capitalized letter, one number, and one symbol. The more often you change your password, the better, but for the average consumer, once every few months a great rule to stick to!
- Use Official Apps Only
Have you ever searched for an app only to have five with the same name appear? This is the tricky part of managing your online security. Before downloading an app, be sure to read the reviews, and verify that it is the correct payment app you are searching for. If you’re unsure call the company, or check their official website.
- Watch Your Statements & Report False Activity
If you see something, say something! By continually checking you bank statements and online banking transaction, you can stay on top of your account information. If something looks out of place, or isn’t within your spending pattern, call the bank immediately to begin reparative measures.
Peoples Bank & Trust Co.
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