With how prominent digital services have become, it is only natural to be concerned about security and privacy. One of those services is mobile banking, which has become an integral part of many people's lives.
Some may be skeptical about mobile banking since it involves inputting personal information, such as the user's full name, card number, expiration date, and CVV. However, just like any technological advancement, mobile banking security is continuously evolving.
Security measures like two-factor authentication, timed sessions, and verified apps are some of the things that prevent phishing and hacking.
Verified banking apps have also included biometrics in their system. This means the user needs to scan their face or fingerprint to log in to the app. It is one of the safest methods since it acts as a second authentication method, paired with the usual username and password.
Below is an infographic that details mobile banking security tips and statistics.