Over the years, mobile banking has introduced a new level of convenience. People now prefer to carry out transactions from the comfort of their homes, using their digital devices. iPads, like other smart devices, are one of the people’s choice gadgets for this. This is because of its popularity for tight encryption and its secure software mantra.
However, the question is, “Can my iPad keep security threats away? Because digital banking involves the privacy of our financial records, it is essential to be proactive. Find out below the best security practices for your iPads in this article.
What kind of bank-related cyberattacks should I be aware of?
There are tons of ways that cybercriminals target banking records and profiles of customers. These two stand out for being popular amongst the rest and deadlier.
App-based banking Trojans
These are usually concealed in unrelated apps such as games or apps downloaded by unsuspecting consumers. Most of these apps typically are sideload apps. They are usually downloaded from unofficial sources. The dangerous side to them is that they can stay passive until a user launches a legitimate banking app.
The Trojans will activate a malicious script when the banking app is opened, creating a pop-up overlay that imitates the bank’s login page. Once you enter your username and password, they are redirected to the legitimate login page of the bank app.
This malware can be downloaded in a lot of ways. This may include SMS with a malicious hyperlink or dangerous application from a non-verified mobile app store.
Fake banking apps:
In this method, the original banking apps are duplicated to look like fake ones. They are designed to deceive users into inputting their login details. The FBI recognizes this as one of the fastest-growing sectors of smartphone-based fraud.
Are Banking Apps Safe on iPads?
iPads are designed to avoid high-level security threats. However, it may be risky to be careless with your security best practices. This is because iPads do not guarantee 100 percent safety to your banking credentials. Moreover, cybercriminals are working tirelessly to breach your digital banking security protocols.
Individual susceptibilities are something to look out for. You may inadvertently download apps from fishy sources, which could threaten your internet banking confidentiality. Always ensure that the downloaded bank apps are from secure and trusted sources.
If you notice that your device bypasses security warnings to download apps, you can turn this off in Settings. In a nutshell, you have to be mindful of suspicious activities and take precautions too.
What Online Banking Tips should I Use for my iPad?
Still not sure of what precautions to adopt for your online banking? We have created a list of recommendations. This should help to keep your devices safe from threats against online banking. They should also help you practice safe browsing on any kind of network.
- Use a VPN: Using a VPN is an important practice in safeguarding your mobile banking security. This is achieved by concealing your IP address and avoiding online tracking. This way, you make it more difficult for hackers to access your network traffic to banking sites and applications.
This is true, even if you’re using public Wi-Fi. Naturally, public networks are very insecure. The good news is that a good VPN brings your home internet connection security with you. They create a barrier, stopping your online banking activities from being linked to the data on your phone.
However, some VPNs like ExpressVPN provide each user with a specially designated proxy IP. This ensures that your bank recognizes you once you’ve logged in once but not hackers.
To learn more about VPN’s read this article
- Use strong passwords: Many sites mandate you to create a strong password when creating or updating your account. However, you should still be aware of the best practice. You should use a combination of upper and lowercase letters, numbers, and special characters.
If you need to carry your online banking password with you, tuck it into your pocket. Alternatively, you can keep it in a bag different from your phone. Never leave a clue what it is for.
You may then wonder how to remember a tightly fabricated password. Well, this isn’t rocket science. Some people say you shouldn’t write down passwords. This is not entirely true. Just ensure you keep your passwords secure and away from the devices you use them on.
- 2-factor authentication: Two-factor authentication makes financial accounts more secure. This is a way to verify and confirm that you are who you claim you are. This is confirmed by the information that you are expected to know as the right user. This may include passwords, with something that you have, like a phone or code card.
- Avoid public Wi-Fi: Whenever you log into public Wi-Fi. You’ll get warned that you are not on a secure network. They also notify you that others may be able to view the transactions you do online. This reason is good enough not to carry out any financial business using a public and insecure access point.
The more you are aware of online security, the safer you will become. Your iPad features some security advancements that may be out of reach on some devices. However, this isn’t enough to keep sensitive financial details like your banks completely hidden from cyberattacks.
This is why you should practice the effective safety protocols listed above for your online banking. This way, you give your iPad extra layers of security. Our recommendation should help you effectively carry out online banking on your device in the safest way possible.