Tips & Tricks | Protecting Financial Data on Mobile | Volena Inc.

To protect your finances on your phone, use strong passwords, avoid public Wi-Fi, keep your software updated, enable multi-factor authentication (MFA), only download apps from trusted sources, regularly review your transactions, and use biometric authentication when available on your banking apps; essentially, treat your phone with the same security measures you would use for online banking on a computer.

Key points to remember:
Strong passwords: Create unique, complex passwords for each financial app and change them regularly.

Biometrics: Utilize fingerprint or facial recognition for added security when accessing banking apps.

Public Wi-Fi: Never access your financial information on public Wi-Fi networks.

Software updates: Ensure your phone's operating system and apps are always updated with the latest security patches.

MFA: Enable multi-factor authentication for an extra layer of protection when logging into financial accounts.

App selection: Only download financial apps from reputable sources.
Transaction monitoring: Regularly check your bank statements for any suspicious activity.

Phone lock: Always lock your phone when not in use.
Account alerts: Set up alerts for large transactions or low balances.