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Oregon Bankers Association Provides Tips to Protect Your Mobile Device Popularity of mobile banking continues to grow

The number of attacks on mobile devices is growing, in part as a result of the increased popularity of mobile banking. According to a 2013 survey by the American Bankers Association, mobile is the preferred method of banking by eight percent of consumers, a 30 percent increase since 2012. The Oregon Bankers Association recommends that consumers take extra precaution to protect the data on their mobile device.

"As more and more Oregonians turn to their smartphone for mobile banking, it becomes increasingly important for them to understand that any device connected to the Internet is vulnerable," said Linda Navarro, OBA president and CEO. "Customers play a key role in the work that banks do to protect data."

OBA suggests following these 10 steps to protect one's mobile device:

1. Use the passcode lock or thumbprint scan on your smartphone and other devices. This will make it more difficult for thieves to access your information if your device is lost or stolen.

2. Log out completely when you finish a mobile banking session.

3. Protect your phone from viruses and malicious software, or malware, just like you do for your computer by installing mobile security software.

4. Use caution when downloading apps. Apps can contain malicious software, worms and viruses. Beware of apps that ask for unnecessary "permissions."

5. Download the updates for your phone and mobile apps regularly.

6. Avoid storing sensitive information like passwords or a social security number on your mobile device.

7. Tell your financial institution immediately if you change your phone number or lose your mobile device.

8. Be aware of shoulder surfers. The most basic form of information theft is observation. Be aware of your surroundings especially when you're punching in sensitive information.

9. Wipe your mobile device before you donate, sell or trade it using specialized software or using the manufacturer's recommended technique. Some software allows you to wipe your device remotely if it is lost or stolen.

10. Report any suspected fraud to your bank immediately.

Established in 1905, the Oregon Bankers Association is Oregon's only full-service trade association representing state and national commercial banks, thrifts and savings banks chartered to do business in Oregon. More information is available at www.oregonbankers.com