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Why is mobile banking safer than online banking?

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  • Why is mobile banking safer than online banking?


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Answer #1 | 27/12 2013 16:53
I think nowadays online banking using the banks website is just as safe & secure as banking on your smartphone with a secure app.
Answer #2 | 27/12 2013 17:52
It's not. The question is one of security at each end (transmission and reception) as well as the actual process of transmitting. The security on the bank's end should be the same regardless of the method the data reaches it. But your data is more susceptible to interception if it's sent over the air. And I'm not sure that the encryption algorithms for mobile devices are as robust as they are for, say, computers.

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