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Post by Peterj on Jul 10, 2019 3:43:21 GMT
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Post by kdcintx on Jul 11, 2019 15:57:24 GMT
Thanks Peter. All the more reason not to do banking on mobile apps!!
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Post by Peterj on Jul 11, 2019 16:10:21 GMT
Thanks Peter. All the more reason not to do banking on mobile apps!! You're most welcome!
My take away from the post was to be especially careful (don't use) public wifi.
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Post by Bailey on Jul 11, 2019 22:26:23 GMT
Thanks Peter. All the more reason not to do banking on mobile apps!! You're most welcome!
My take away from the post was to be especially careful (don't use) public wifi.
Yes that is totally correct Peter. Public WiFi is high risk for things like banking. But I have no issue with doing banking using my bank's mobile app while connected to my home Internet via WiFi or while connected to my mobile phone's data connection. |
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Post by Peterj on Jul 12, 2019 3:00:59 GMT
You're most welcome!
My take away from the post was to be especially careful (don't use) public wifi.
Yes that is totally correct Peter. Public WiFi is high risk for things like banking. But I have no issue with doing banking using my bank's mobile app while connected to my home Internet via WiFi or while connected to my mobile phone's data connection. I use my smartphone foe banking O N L Y when connected to my home wifi router |
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Post by Bailey on Jul 12, 2019 9:16:50 GMT
No bank will give an unconditional 100% guarantee that their banking apps are totally secure in all situations.
To some extent every user has to decide for themselves how much risk they can tolerate which then determines to a large extent how they do use their phone apps.
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Post by Peterj on Jul 12, 2019 15:49:21 GMT
No bank will give an unconditional 100% guarantee that their banking apps are totally secure in all situations. To some extent every user has to decide for themselves how much risk they can tolerate which then determines to a large extent how they do use their phone apps. That's true about everything ...
A hard wired router that provides WIFI connectivity is far superior to cellular data - which is only secure from your cell phone to the nearest cell tower after that it's no longer secure
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Post by Bailey on Jul 12, 2019 23:02:45 GMT
It also depends on how securely the app sends the data and the technology used to transport it to its destination.
For me, the risk in doing banking on my mobile network with my banking app is minimal.
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Post by Peterj on Jul 13, 2019 2:04:45 GMT
It also depends on how securely the app sends the data and the technology used to transport it to its destination. For me, the risk in doing banking on my mobile network with my banking app is minimal. Absolutely; https traffic using secure wifi to an ethernet router remains secure to destination.
OTOH cellular traffic is only secure to the closest cell tower and then it's tranmitted in the clear to intervening cell towers. |
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Post by Bailey on Jul 13, 2019 2:42:58 GMT
... OTOH cellular traffic is only secure to the closest cell tower and then it's tranmitted in the clear to intervening cell towers. I'm not convinced that is true for the mobile network I use. It might or might not be. I would have to investigate to find out for certain. But in any case, the 4 major banks here in Australia all provide a 100% guarantee to their customers to reimburse any fraudulent debits from their bank accounts in all online banking cases. Their banking apps are designed to transmit data across the network as securely as possible. I would imagine some banks' apps might be better at securing their data than others or maybe they use the same method/technology. I'm not sure. So far I haven't had any issues doing banking from my banking app using my mobile network and knowing I will have any fraudulent debits reimbursed, allows me to tolerate the minimal overall risk to me. |
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Post by Peterj on Jul 13, 2019 3:31:51 GMT
... OTOH cellular traffic is only secure to the closest cell tower and then it's tranmitted in the clear to intervening cell towers. I'm not convinced that is true for the mobile network I use. It might or might not be. I would have to investigate to find out for certain. But in any case, the 4 major banks here in Australia all provide a 100% guarantee to their customers to reimburse any fraudulent debits from their bank accounts in all online banking cases. Their banking apps are designed to transmit data across the network as securely as possible. I would imagine some banks' apps might be better at securing their data than others or maybe they use the same method/technology. I'm not sure. So far I haven't had any issues doing banking from my banking app using my mobile network and knowing I will have any fraudulent debits reimbursed, allows me to tolerate the minimal overall risk to me. I found a few links - albeit none specific to Australia
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