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What makes mobile banking somewhat less secure than regular online banking?
OA Mobile banking apps are inherently less secure than banking programs on a computer.
OB. Mobile devices can be lost or stolen more easily than a computer, such as a laptop.
Oc
Confidential financial information entered into a mobile device may be visible to people in the vicinity.
OD
Unlike with computers, mobile banking apps store personal financial information and share it with other apps.

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SaniShahbaz

Answer:

Mobile banking is inherently less secure than online banking as the mobile phone is physically, of course, mobile, which can be easily stolen or lost than the laptop or computer.

Step-by-step explanation:

I think mobile banking is inherently less secure than online banking as the mobile phone is physically, of course, mobile.

A mobile can be easily lost or stolen more easily than a computer, such as a laptop. It sounds true and it has everyone's massive fear. Here are some of the reasons:

  • If not decently protected, the mobile, no matter whether it is locked or tuned off, could be easily comprised in the hands of the ones who may know what they are doing.
  • The scary thing is that Wi-Fi hotsopts and the connectivity to external networks gives a passage by which user data which is shared between mobile and certain online banking system or applications could be easily theft and then ultimately used to get access to the user account from any machine on the globe.
  • Mobile apps may be easily exposed to certain dangerous viruses, Trojan horses, and other unwanted malware, allowing hackers to easily reach and access the user information data on the mobile. Hackers can demand heavy money to release the data, ultimately costing the user a hefty amount.

Therefore, mobile banking is inherently less secure than online banking as the mobile phone is physically, of course, mobile, which can be easily stolen or lost than the laptop or computer.

Keywords: online banking  risk

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