Apple iPhone 6?

I use my iPhone for 95% of my banking needs. I'm with BoA and use their app. I have no concerns about using it wherever and whenever I need to.

This is not correct. Most smartphones do NOT have a firewall built in.

Most smartphones have a firewall built in. The operating system and data is quite secure to Apple/Google. THe least secureity you have in using your phone for secure transactions is the use of public/open wifi. People can sniff that data. So I rarely use the public wifi. Home/Work/Family/Friends networks for secure data or cell data only.

golf_bears wrote:
How safe is it to do banking transactions on my new Apple iPhone 6?

Does it have an Internet Security system built in?

Let's take them in reverse order.

No - the iPhone 6 does not have an "Internet Security system" built in. Nor does the iPhone 6+, the iPhone 5, 5s, 4, 4s, 5c...

Nor does the Motorola Droid, Razr...

Nor does the Samsung Galaxy S5, S4...

:)

As far as I'm aware no phone has a built in Internet Security System. I'm not 100% sure what an Internet Security System is. You could mean an anti virus software package, you could me malware detection software or perhaps a firewall.


But hold on.
Before you get worried and decided to pitch your iPhone in the trash realize you have three options for online banking with the iPhone.

First - use it as a phone and call the bank. :)
Second - look in the App Store to see if your bank offers an app dedicated to online banking.

This is usually the best and most secure option.


Finally, the last option is use Safari to access your bank's website and make sure you practice Safe Internet Surfing. If you're not sure what that is, post back and we'll walk you through the steps.



Last question - pretty safe.

My credit card accounts have been hacked a few times, but our on line banking accounts have never been compromised.

The security is in the connection between your bank and the browser you used to connect to the bank. The two get together and arrange encryption between them, so any cell phone, wifi, or laptop on a land line is as secure as any other.

If you want to really lock things down, you can add a layer of protection in the form of a VPN between your phone/laptop/netbook and a central VPN server. If the bank or whoever you are doing business with does the same on their end, all communications, including the ones the bank and your browser negotiate, will be encrypted before they leave your device. In fact, they encrypted communication will itself be encrypted AGAIN, so double encryption.

I've been doing banking from my lap top for about ten years now. But I have "Internet Security/Virus Protection" on the lap top. So feel pretty save with that. Not sure about "Internet Security/Virus Protection" on the Apple iPhone 6. Is it there or not?

Davydd wrote:
I use an app created by my bank. I have to believe they have a vested interest in its security.

x2

I can't imagine them releasing a product that would put both them and their customers in harm's way.

I think it's safer than using your debit card. My cards have been hacked more than I can count. So far, knock on wood, my bank accounts haven't been hijacked from using my phone app.

I use an app created by my bank. I have to believe they have a vested interest in its security. It is no more or less secure than any other method of online banking (computer) in my opinion. I am not going to give up the convenience I enjoy, especially when on the road in our RV, not to use my iPhone 6+ for banking.