Charter One supports National Cyber Security Awareness Month with tips for protecting information on mobile devices
As more consumers do their banking on smartphones, Charter One suggests mobile security guidance as part of its Citizens Helping Citizens Teach Money Management program
Providence, RI - (October 18, 2013) – In recognition of National Cyber Security Awareness Month and with more and more consumers doing their banking and other business on web-enabled mobile devices, Charter One is encouraging its customers to protect their information on mobile devices as carefully as they do on computers.
According to a 2013 report by the Federal Reserve, 87 percent of the U.S. population now has a mobile phone and 52 percent have smartphones. Of those mobile phone users, 28 percent have used their phones to perform banking transactions in the past 12 months. According to the American Bankers Association, the number of attacks on mobile devices also is growing.
“Mobile devices are making everyday tasks like banking simpler and easier, and this rise in popularity is making the mobile space more attractive to cyber-criminals,” said Ken Marblestone, President of Charter One and RBS Citizens in Ohio. “The precautions that consumers are accustomed to taking on their computers also should be applied to mobile devices. Any device used to connect to the Internet is potentially at risk, so we urge users to follow these basic safety measures to keep their information safe.”
Consumers can protect the data on their mobile devices by following American Bankers Association guidance like:
- Use the passcode lock 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.
- Log out completely when you finish a mobile banking session.
- Protect your phone from viruses and malicious software, or malware, just like you do for your computer by installing mobile security software.
- Use caution when downloading apps. Only download apps from the official stores - App StoreSM and Google PlayTM Store. Third party stores may make it possible for malicious software, worms and viruses to be downloaded. And, beware of apps that ask for unnecessary “permissions.”
- Download the updates for your phone and mobile apps as soon as they become available. You may also enable automatic app updates on your device to ensure timely acceptance.
- Avoid storing sensitive information like passwords or a social security number on your mobile device.
- Be aware of shoulder surfers. The most basic form of information theft is observation. Be aware of your surroundings especially when you’re entering sensitive information.
- 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 .
- Report any suspected fraud to your bank immediately.
These tips are offered as part of the bank’s Citizens Helping Citizens Teach Money Management program, which includes financial support for local nonprofits focused on financial education and also the bank’s effort to educate customers and communities directly through financial tips shared online, in branches and in social media. Earlier this year, the bank pledged a commitment of $2 million in 2013 grants supporting financial education.
The mobile-information safety guidance comes as Charter One’s own Mobile Banking service is being used by more and more of its customers. The Charter One apps for Android and iPhone are generating the most-positive customer feedback in the industry, according to a report issued by Xtreme Labs. A December 2012 Javelin Strategy & Research report also highly ranked Charter One for mobile-banking customer satisfaction.
About Charter One
Charter One is a division of RBS Citizens, N.A., operating in Illinois, Michigan and Ohio. It has 333 branches and 509 ATMs. It has 103 branches and 240 ATMs in Illinois. It has 102 branches and 105 ATMs in Michigan. It has 128 branches and 155 ATMs in Ohio. Charter One’s website is charterone.com.
RBS Citizens, N.A., is a subsidiary of RBS Citizens Financial Group, Inc., a $118 billion commercial bank holding company. It is headquartered in Providence, R.I., and through its subsidiaries has approximately 1,400 branches, nearly 3,600 ATMs and nearly 19,000 colleagues. Its two bank subsidiaries are RBS Citizens, N.A., and Citizens Bank of Pennsylvania. They operate a 12-state branch network under the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont; and the Charter One brand in Illinois, Michigan and Ohio. RBSCFG has non-branch retail and commercial offices in more than 30 states. RBSCFG is owned by RBS (the Royal Bank of Scotland Group plc). RBSCFG’s website is citizensbank.com.