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Is banking by cell phone safe?  

Something weird happens when you transfer your funds into your bank account by cell phone. It becomes very difficult to find out what happens when you send things over your cell phone. As technologies continue to advance there are more ways to send money into your bank. There are also ways for people to get into your cell phone secretly.Some of them are by cell phone. Sending transactions by cell phone may be quick and easy but can also be dangerous. These days people are able to hack into your phones and steal vital information.

Some people don't notice that they have lost their money until a long while later. This is very frustrating trying to find out what happened to your money. This can cause big problems when you want to buy something. It would be better to sen you transaction over a secure Internet connection. Sending it over a secure connection can ensure that it gets to your bank account. In some cell phones the connection gets dropped and that messes up you whole transaction. There is a new technology called bluetooth. It may be a very luxury wireless system but it is easy to hack. All you need is a cell phone and you can type the ESN of the Bluetooth ISN number and you can receive everything that the Receiving person gets. They will never know that you stole their money they would think it just never came.

Hackers are also able to send your transaction to their phones and then send it to their back account. You wont notice this until it is too late because your phone wont know it has been hacked. The cell phone service providers also wont know because they will think it is your phone and wont pay any attention to it. It would be better to just send you transaction on the Internet. It is much safer and faster. As technology continues to advance so does the advancement of criminals hacking software.

Some cell phones do not support the Java or flash player so it would be hard to send transactions over phones. That would mean you would have to download it to your phone and that would cost you extra money to do that. Going through all of the downloading and updating you phone can be expensive and tiring. It would be better to stay with the inter and send you money over that.



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1/7/2009 5:07:28 AM